All three major lenders witnessed margin pressure during the quarter, with their Net Interest Margins contracting by 10 basis points to as much as 37 basis points. Axis is the lender with the steepest margin comparison at 37 basis points.
Bitcoin traded above $82,000 as the market attempted a fragile recovery from a recent sell-off, driven by persistent US inflation concerns, interest-rate uncertainty, and ETF outflows.
Of the 23 analysts who have coverage on the Punjab National Bank stock, 14 have a “buy” rating, three have a “hold” rating and six have a “sell” rating.
Rahul Arora, CEO of Ashika Institutional Equities, expects private banks to post 15-20% growth over the next two years, while viewing the recent IT rally as a trading opportunity rather than a structural shift.
Ed Yardeni, President of Yardeni Research, believes investors are taking a more balanced view of AI investments while India’s IT companies could benefit as AI becomes part of a broader technology ecosystem.
Nine analysts have coverage on Urban Company, of which four have a “sell” rating, three say “buy” and two have a “hold” rating. Kotak Institutional Equities had recently downgraded Urban Company to “sell” and had a price target of ₹155…
India’s IT stocks could extend their recent rally as AI-related deal wins continue to offset weakness in traditional technology spending, according to Dharmesh Kant, Head of Research at Chola Securities. While he sees another 5-10% upside in select IT stocks,…
Gold and silver prices rose on the MCX on Monday, tracking global gains as softer oil prices eased inflation concerns and investors assessed US interest rate outlooks.
Nitin Aggarwal, Senior Group Vice President and Head of BFSI Institutional Equities at Motilal Oswal Financial Services (MOFSL), said the brokerage has maintained a neutral stance on Axis Bank for the past two years, while Federal Bank remains one of…
Shares of Apollo Hospitals have declined 11.5% in the last one month, while those of Max Healthcare, Fortis Healthcare, Healthcare Global, have declined 20%, 18% and 16% respectively during the same timeframe.