While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
Mumbai: Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of … Read more
“There are a good number of senior management people we have already boarded to the bank and they are also setting up the bank and so it is the right time, given we have a very professional team,” says Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank.What are your future plans?I need to retire and … Read more
Bandhan Bank is expected to report muted numbers in a seasonally weak quarter, also let down by a sequential decline in loan growth. In its first quarter update, the lender said its loan growth declined 5% on a sequential basis, and deposit growth remained flat. However, erring on the optimistic side, the bank guided for … Read more
Shares of Bandhan Bank declined for the third consecutive session on Tuesday to hit a near 3-year low and were the worst hit on the Nifty Bank index. In 3 sessions, the stock has lost more than 14%. The fall in trade today was backed by significant volumes of more than 17 million shares, more … Read more
NEW DELHI: Following signs of improvement in ‘s asset quality in the December quarter, Jefferies said shares of the Kolkata-based private lender could re-rate as the valuations are now attractive. The global brokerage firm sees an upside potential of up to 40% to Rs 340 on the bank stock in the next 12 months. In … Read more
Domestic brokerage firm maintained its buy rating on KNR Construction, Equirus initiated a long call on , and Phillip Capital initiated coverage on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on KNR Construction: Buy| Target Rs 310| LTP Rs 247| Upside 26%Motilal Oswal … Read more