Mumbai: The sale of Citibank’s India retail business is a good opportunity for existing banks to strengthen their affluent customer bases, said CLSA. has the size and valuation constraints to acquire such an asset, while for HDFC Bank it is not a game-changer in terms of size but it is still a good asset, the … Read more
Vi has ₹50,400 crore of AGR dues payable to the government over 10 annual instalments through March 31, 2031, starting in March 2022. Synopsis Vi has been in fundraising talks with potential investors such as an Oak Hill-led consortium, US private equity firms including KKR, besides Canada Pension Plan Investment Board, Caisse de Dépôt et … Read more
MUMBAI: today reported a 190 per cent year-on-year rise in its net profit for the quarter ended March to Rs 876 crore, which was above analysts’ estimates. The lender reported a net interest income of Rs 3,534.6 crore for the reported quarter, which was also higher than analysts’ estimates of Rs 3,476 crore. The lender’s … Read more
MUMBAI: Monday’s trading session wasn’t for the faint hearted – regardless of asset class. Stocks were roiled for much of the day while bonds – of the perpetual variety – were pummelled, stretching for their investors a nerve-jangling ride that began last week after a regulatory fiat on valuing these debt instruments. On a day … Read more
Analysts say the financials of IndusInd Bank have seen a sharp rebound on account of lower borrowing costs and higher liquidity in the system. Synopsis Since November, shares of IndusInd Bank have gained 56 per cent outperforming the 24 per cent rally in the Bank Nifty index, a gauge of banking stocks. The benchmark Nifty … Read more
NEW DELHI: Housing finance major HDFC emerged as the top gainer in the Sensex pack on Tuesday. With a rally of over 7 per cent, the scrip alone contributed around 220 points in the 30-pack index’s 600-point rally. The stock hogged the limelight after the company said its individual loan disbursements in the second quarter … Read more
With risk aversion setting in, it is best to anchor on the basis of valuations and this is what we have been recommending investors should do, says Head of Equities, Investec Capital Services. Are you positive about some of the auto names right now?In the auto sector, valuations have always been supportive. These are not … Read more