Accommodative Stance Would Continue Well Into Next Year, Says RBI Governor
Hero MotoCorp Q3 Results: Profit Rises 23%; Announces Interim Dividend
Hero MotoCorp Ltd.’s profit rose for the second straight quarter beating estimates as demand recovered in the festive sale season on preference for personal mobility during the pandemic.
Rupee And Bond Update – February 05, 2021
Rupee And Bond Update : The Indian rupee ended flat against the U.S. currency on Thursday ahead of the Monetary Policy Committee decision.
Analyst Recommendations On State Bank Of India
Analyst Recommendations On State Bank Of India
- Maintains ‘buy’ rating; raises price target to Rs 560 apiece from Rs 385.
- Strong NII provision; large buffer built for employee provisioning.
- Asset quality is delivering better outcomes versus even private banks.
- Revises earnings estimates higher by 15-26% and expects RoEs of 14% by FY23.
- Expects material re-rating beyond 1x book.
- Still remains a deep value opportunity and current re-rating should continue.
Nifty Nearing The 15,000 Mark
Nifty Nearing The 15,000 Mark : Indian equities not only reversed losses, but also ended at new highs on Thursday, extending their gains for the fourth straight day.
Analysts Raise SBI Earnings Estimates, Targets For SBI After Q3 Results
Analysts have raised earnings estimates and target prices for State Bank of India, and expect a further rerating on account of its lower slippages, fall in credit costs and attractive valuations, among others.
Stocks To Watch: Britannia, Hero MotoCorp, IRFC, M&M, Pfizer, PNB, Tata Power
Stocks To Watch : Indian equities reversed losses on the weekly options expiry session to end higher for the fourth straight day, scaling new highs in the process. The S&P BSE Sensex ended 0.7% higher at 50,614 while the NSE Nifty 50 index gained a similar quantum to end at 14,895. Both benchmarks made an intraday record of 50,687 and 14,913 respectively during the session.