MUMBAI – Healthy loan growth is likely to help Kotak Mahindra Bank report high double-digit growth in net profit for the quarter ended June. However, net interest margins are seen compressing amid rising cost of funds. The private sector lender is seen reporting sharp 65% YoY growth in net profit for the June quarter to … Read more
Indian markets closed lower on Friday tracking muted global cues. The S&P BSE Sensex fell more than 200 points while Nifty50 managed to hold on to 18000 levels last week. Sectorally, buying was seen in power, utilities, banks, and the public sector while selling was seen in telecom, consumer durables, FMCG, and metals. Stocks that … Read more
, and are three stocks that Sumeet Bagadia, Executive Director, Choice Broking, says would be on the top of his radar for the week. “One can initiate a long position in at CMP Rs 2,526. Keep a stop loss at Rs 2,450 for a target price of Rs 2,650-2,700,” he adds. Edited excerpts: Where do … Read more
, and are three stocks that Sumeet Bagadia, Executive Director, Choice Broking, says would be on the top of his radar for the week. “One can initiate a long position in at CMP Rs 2,526. Keep a stop loss at Rs 2,450 for a target price of Rs 2,650-2,700,” he adds. Edited excerpts: Where do … Read more
NEW DELHI: Private sector lender , which has underperformed Nifty Bank over the last two years, can rally up to 26 per cent in the next one year and can even hit a market capitalisation of $100 billion in the next four years, foreign brokerage firm Goldman Sachs said in a report. “We believe could … Read more