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Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands Myntra, one of India’s leading fashion, beauty, and lifestyle destinations, brings the 21st edition of the iconic End Of Reason Sale (EORS), live now until December 17.  Marking a decade of extraordinary success, this shopping spectacle is set to dazzle fashion and beauty enthusiasts nationwide. Millions of shoppers from Tier-I&II cities, as well as beyond, can dive into an expansive collection from leading international, domestic, and homegrown brands, offering more tha...
Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands
Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands
Source: IANS
2024-12-07 05:08:58 pm
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham  Leading industry chamber Assocham on Friday said that the decision by the Reserve Bank of India (RBI) to cut the cash reserve ratio by 50 basis points, releasing Rs 1.16 lakh crore into the banking system, is a pragmatic measure to maintain the inflation-growth balance in the face of evolving macro-economic situation.  The chamber also welcomed the measures to boost India's foreign exchange inflows by revision in the FCNR(B) rates, thereby providing stability in the forex ma...
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham
Source: IANS
2024-12-07 09:44:32 am
Buy Life Insurance Corporation For Target Rs.1,200 By Motilal Oswal Financial Services Ltd APE grows 26% YoY, VNB margin expands 260bp YoY to 17.9% Strong growth in premiums driven by exceptional sales in Sep’24 * In 2QFY25, LIC reported net premium income of INR1.2t, up 12% YoY. For 1HFY25, net premium income grew 14% YoY to INR2.3t. We expect net premiums to grow 8% YoY during 2HFY25. * New business APE grew 26% YoY to INR164.7b, driven by 31% YoY growth in Individual APE to INR114.2b and 15% YoY growth in Group APE to INR50.5b. For 1HFY25, new business APE ...
Buy Life Insurance Corporation For Target Rs.1,200 By Motilal Oswal Financial Services Ltd
Buy Life Insurance Corporation For Target Rs.1,200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-11-30 09:07:04 am
SBI gains on raising Rs 50,000 crore via domestic bonds during FY25 State Bank Of India is currently trading at Rs. 839.45, up by 5.25 points or 0.63% from its previous closing of Rs. 834.20 on the BSE. The scrip opened at Rs. 834.95 and has touched a high and low of Rs. 845.70 and Rs. 830.35 respectively. So far 450974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 563.55 on 30-Nov-2023. Last one week high and low of the scrip sto...
SBI gains on raising Rs 50,000 crore via domestic bonds during FY25
SBI gains on raising Rs 50,000 crore via domestic bonds during FY25
Source: Accord Fintech
2024-11-28 12:27:50 pm
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors The BFSI sector is a cornerstone of India’s economic growth, showing resilience amidst global challenges. Mirae Asset Capital Markets (India) Pvt. Ltd. presents the November 2024 update, spotlighting the top 10 BFSI stocks with strong growth potential and stability. This concise report evaluates key players, their performance metrics, and target prices to guide your investment decisions. 1) ICICI Bank (CMP: Rs.1,301, TP: Rs.1,505) remains a top pick, consistently outperforming p...
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Source: PR Agency
2024-11-26 05:28:44 pm
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 3630-3634 Target 3672.00 Stop Loss 3613.40   State Bank Of India Ltd Buy State Bank Of India Ltd @ 828-831 Target 837.00 Stop Loss 823.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct
Source: ICICI Direct
2024-11-25 11:54:36 am
Buy State Bank of India Ltd For Target Rs. 1025 by Yes Securities Ltd Broad investment thesis remains intact Our view – Management guides for reasonably healthy loan growth Balance sheet growth – Loan growth outcome and guidance were both positive, while management was currently willing to allow deposit growth to lag: Whole bank advances grew 2.9%/15.3% QoQ/YoY driven by all segments, barring retail. In terms of guidance, the bank is looking at a credit growth in the range of 14-16% YoY. There is good corporate credit visibility due to healthy...
Buy State Bank of India Ltd For Target Rs. 1025 by Yes Securities Ltd
Buy State Bank of India Ltd For Target Rs. 1025 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 03:52:59 pm
Indian stock market opens flat, DIIs continue to lift indices The Indian stock market opened flat on Thursday as buying was seen in IT, PSU banks, financial services and pharma sectors at Nifty.  In early trade at around 9:43 am, Sensex was at 77,728.24 after rising 37.29 points or 0.05 per cent while Nifty was at 23,562.05 after a marginal rise. The market trend remained positive. On the National Stock Exchange (NSE), 1,486 stocks were trading in green, while 803 stocks were trading in red. Nifty Bank was at 50,385.90 after rising 297.55 ...
Indian stock market opens flat, DIIs continue to lift indices
Indian stock market opens flat, DIIs continue to lift indices
Source: IANS
2024-11-14 10:34:03 am
State Bank of India gains on reporting 23% rise in Q2 consolidated net profit State Bank Of India is currently trading at Rs. 849.95, up by 6.70 points or 0.79% from its previous closing of Rs. 843.25 on the BSE. The scrip opened at Rs. 847.00 and has touched a high and low of Rs. 853.65 and Rs. 841.45 respectively. So far 672167 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 555.25 on 22-Nov-2023. Last one week high and low of the scrip sto...
State Bank of India gains on reporting 23% rise in Q2 consolidated net profit
State Bank of India gains on reporting 23% rise in Q2 consolidated net profit
Source: Accord Fintech
2024-11-11 12:51:38 pm
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.  In the last week, the combined market cap of six of the top 10 most valued companies eroded by Rs 1.55 lakh crore. In the top 10, Reliance Industries (RIL), Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were losers. Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI) were gainers. The market cap...
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
Source: IANS
2024-11-10 05:47:40 pm
State Bank of India beats Q2 profit view but lending margin shrinks State Bank of India, the country's largest lender by assets, beat second-quarter profit estimates on Friday, helped by higher non-interest income but its lending margin shrank. The state-run lender's net profit rose 28% to 183.31 billion rupees ($2.17 billion) compared with 143.3 billion rupees a year ago. Analysts expected earnings of 161.89 billion rupees, as per data compiled by LSEG. The profit beat was primarily due to higher other income and lower operating expenditure, pa...
State Bank of India beats Q2 profit view but lending margin shrinks
State Bank of India beats Q2 profit view but lending margin shrinks
Source: Reuters
2024-11-08 02:21:08 pm
Diwali Picks 2024 : State Bank of India Ltd For Target Rs.900.0 By Way2Wealth * State Bank of India (SBIN), the largest lender in India, showed broad-based loan book growth and witnessing healthy on-ground demand momentum for retail, SME and mid-corporate segment. In FY24, advances grew at 15.8% YoY to Rs.37,039bn and continued the growth momentum in Q1FY25 as well to reach Rs.37,491bn. Given the strongest distribution network developed by the bank over the years, deposits grew at robust 11% YoY in FY24 to Rs.49,161bn and at 8% in Q1FY25 to Rs.49,017bn. * In rising ...
Diwali Picks 2024 : State Bank of India Ltd For Target Rs.900.0 By Way2Wealth
Diwali Picks 2024 : State Bank of India Ltd For Target Rs.900.0 By Way2Wealth
Source: Way2Wealth
2024-10-29 05:23:24 pm
Diwali Pick 2024 : Buy State Bank of India Ltd For Target Rs. 941 By Religare Broking Ltd Long-term bet on India’s financialization story State Bank of India (SBI), India's largest public sector bank, holds a strong 22-23% market share in credit. With consistent loan growth across retail, corporate, and SME sectors, it benefits from a stable deposit base and funding advantage. SBI’s strong internal accruals, leadership in term deposits, and efficient credit management position it well for future growth, especially with an expected revival in corporate capex. ...
Diwali Pick 2024 : Buy State Bank of India Ltd For Target Rs. 941 By Religare Broking Ltd
Diwali Pick 2024 : Buy State Bank of India Ltd For Target Rs. 941 By Religare Broking Ltd
Source: Religare Broking
2024-10-29 11:15:24 am
Crorepati taxpayers in India increased 5 times to 2.2 lakh in last 10 I-T assessment years  The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.   In the last 10 assessment years, while the total number of taxpayers increased by 2.3 times to 8.62 crore in AY24, the growth is quite fascinating in the income group more than Rs 10 lakh, according to a research report from the Economic Department of State Bank of India (SBI). Granular analysis indicates...
Crorepati taxpayers in India increased 5 times to 2.2 lakh in last 10 I-T assessment years
Crorepati taxpayers in India increased 5 times to 2.2 lakh in last 10 I-T assessment years
Source: IANS
2024-10-27 04:42:20 pm
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct State Bank of India Buy State Bank of India Ltd @ 791-793 Target 801.50 Stop Loss 787.20   Tata Consumer Products Sell Tata Consumer Products Ltd @ 1001-1003 Target 992.00 Stop Loss 1008.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct
Source: ICICI Direct
2024-10-25 12:17:54 pm
Stock Picks :  State Bank Of India Ltd and Gas Authority Of India Ltd By ICICI Direct  State Bank Of India Ltd Buy  State Bank Of India Ltd @ 804-805 Target 813.20 Stop Loss 799.80   Gas Authority Of India Ltd Buy Gas Authority Of India Ltd @222-223 Target 219.80 Stop Loss 223.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks :  State Bank Of India Ltd and Gas Authority Of India Ltd By ICICI Direct
Stock Picks :  State Bank Of India Ltd and Gas Authority Of India Ltd By ICICI Direct
Source: ICICI Direct
2024-10-18 10:52:23 am
Stock Picks : State Bank of India Ltd And Indian Energy Exchange Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @ 800-802 Target 810.20 Stop Loss 796.50   Indian Energy Exchange Ltd Buy Indian Energy Exchange Ltd @ 192.50-193.50 Target 191.00 Stop Loss 194.60   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Indian Energy Exchange Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Indian Energy Exchange Ltd By ICICI Direct
Source: ICICI Direct
2024-10-16 10:11:21 am
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @ 1686-1689 Target 1706.00 Stop Loss 1678.40   State Bank of India Ltd Buy State Bank of India Ltd @ 804.50-805.50 Target 813.60 Stop Loss 800.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct
Source: ICICI Direct
2024-10-15 11:41:01 am
Dussehra Pick 2024 Stock Picked : SBIN by Choice Broking Ltd State Bank of India Ltd State Bank of India (SBIN) is currently trading at 794 and is forming a symmetrical triangle pattern on the daily chart, accompanied by significant volume, signaling a potential bullish reversal. The stock is also consolidating near a rising trend line, which acts as a strong support area. Additionally. SBIN is taking support around the 200-day EMA. further reinforcing the possibility of an upward move towards the #880 and 950 levels. Immediate resistance is noted a...
Dussehra Pick 2024 Stock Picked : SBIN by Choice Broking Ltd
Dussehra Pick 2024 Stock Picked : SBIN by Choice Broking Ltd
Source: Choice Broking Ltd
2024-10-11 04:04:40 pm
Rate cut with 7% of growth never happened in India or globally: SBI report After the Reserve Bank of India projected more than 7 per cent of GDP growth for the entire financial year 2024-25, State Bank of India (SBI) in its report has said that histrorically a rate cut with such a high growth has rarely, if ever, occurred in India or globally. The report also noted that it raises an interesting question as to whether RBI is preparing the grounds for an ensuing rate cut harmonizing with current momentum in growth. The report raises the intriguing possibility that the...
Rate cut with 7% of growth never happened in India or globally: SBI report
Rate cut with 7% of growth never happened in India or globally: SBI report
Source: Accord Fintech
2024-10-11 10:41:13 am
Stock Picks : State Bank of India Ltd And UPL Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @ 812-814 Target 822.20 Stop Loss 808.50   UPL Ltd Buy UPL Ltd @ 613-615 Target 621.00 Stop Loss 610.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And UPL Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And UPL Ltd By ICICI Direct
Source: ICICI Direct
2024-09-06 10:57:24 am
India`s first perpetual bond issue since valuation rule tweak sees strong interest  India's first additional Tier I perpetual bond issuance after recent rule changes to make them more appealing was sold at a lower-than-expected coupon, indicating a revival in demand for such papers, four merchant bankers said on Tuesday. Canara Bank sold perpetual bonds with a call option at the end of 10 years at a coupon of 8.27% compared to expectations of 8.30%-8.34%. KEY CONTEXT Additional Tier I perpetual bonds have no pre-defined maturity date and mature when an iss...
India`s first perpetual bond issue since valuation rule tweak sees strong interest
India`s first perpetual bond issue since valuation rule tweak sees strong interest
Source: Reuters
2024-08-27 04:37:56 pm
BUY State Bank of India Ltd For Target Rs. 1035 By Yes Securities Our view – Management guides for stable NIMs and a healthy advances growth Asset quality The bank doesn’t see any structural uptrend in slippages and hence maintains its credit cost guidance: Gross NPA additions amounted to Rs 87.07bn for 1QFY25, translating to an annualized slippage ratio of 0.9% for the quarter. Gross NPA additions had amounted to Rs 39.84bn during 4QFY24. The management has stated that the sequentially higher slippages were due to seasonality in agri loan...
BUY State Bank of India Ltd For Target Rs. 1035 By Yes Securities
BUY State Bank of India Ltd For Target Rs. 1035 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 12:11:21 pm
Buy State Bank of India Ltd For Target Rs.1015 By Motilal Oswal Financial Services Ltd Earnings in line; growth outlook remains healthy Asset quality stable * SBIN reported 1QFY25 PAT of INR170.4b (up 1% YoY, in line), driven by controlled opex. NII grew 5.7% YoY to INR411.3b (4% miss). NIMs moderated 8bp QoQ to 3.22%. * Opex growth was under control at 1% YoY to INR258.4b (9% lower than MOFSLe), resulting in 5% YoY growth in PPoP to INR264.5b (in line). * Loan book grew 16% YoY/1% QoQ, while deposits grew 8% YoY (flat QoQ). CASA ratio moderated 41bp QoQ to 40.7%. ...
Buy State Bank of India Ltd For Target Rs.1015 By Motilal Oswal Financial Services Ltd
Buy State Bank of India Ltd For Target Rs.1015 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-08-20 04:30:42 pm
India's SBI aims to sell its Yes Bank stake worth $2.2 billion by end-March, sources say State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank, four sources with direct knowledge said. Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said. Sumitomo Mitsui is a unit of Sumitomo Mitsui Financial Group, Japan's second-big...
India's SBI aims to sell its Yes Bank stake worth $2.2 billion by end-March, sources say
India's SBI aims to sell its Yes Bank stake worth $2.2 billion by end-March, sources say
Source: Reuters
2024-08-13 03:14:39 pm
Buy State Bank of India Ltd For Target Rs. 1015 By Motilal Oswal Financial Services Earnings in line; growth outlook remains healthy *  SBIN reported 1QFY25 PAT of INR170.4b (up 1% YoY, in line), driven by controlled opex. NII grew 5.7% YoY to INR411.3b (4% miss). NIMs moderated 8bp QoQ to 3.22%. *  Opex growth was under control at 1% YoY to INR258.4b (9% lower than MOFSLe), resulting in 5% YoY growth in PPoP to INR264.5b (in line). *  Loan book grew 16% YoY/1% QoQ, while deposits grew 8% YoY (flat QoQ). CASA ratio moderated 41bp QoQ to...
Buy State Bank of India Ltd For Target Rs. 1015 By Motilal Oswal Financial Services
Buy State Bank of India Ltd For Target Rs. 1015 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-08-07 03:32:38 pm
Buy State Bank of India Ltd For Target Rs.941 By Religare Broking Ltd Single digit topline growth: State Bank of India reported a net interest income growth of 5.7% YoY to Rs 41,126 crore, despite a marginal decline in margins on an annualized basis. Total income increased by 13.6% YoY but decreased by 4% QoQ. However, this growth was offset by a significant rise in interest expenses, which grew by 1.5% QoQ and 23.4% YoY due to elevated deposit costs. Operating expenses remained flat on an annualized basis but declined by 14.7% QoQ, attributed to the completion...
Buy State Bank of India Ltd For Target Rs.941 By Religare Broking Ltd
Buy State Bank of India Ltd For Target Rs.941 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-08-07 12:22:44 pm
Stock Picks : State Bank of India Ltd And Infosys Ltd By ICICI Direct State Bank of India Ltd. Buy State Bank of India Ltd @ 856-858 Target 866.00 Stop Loss 850.30   Infosys Ltd. Buy Infosys Ltd @ 1822-1826 Target 1844.00 Stop Loss 1813.00     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Infosys Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Infosys Ltd By ICICI Direct
Source: ICICI Direct
2024-07-24 10:57:47 am
Stock Picks : State Bank of India Ltd And Coal India Ltd By ICICI Direct State Bank of India Ltd. Buy State Bank of India Ltd @ 879-881 Target 890.00 Stop Loss 874.80   Coal India Ltd. Buy Coal India Ltd @ 511-512 Target 518.00 Stop Loss 508.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Coal India Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Coal India Ltd By ICICI Direct
Source: ICICI Direct
2024-07-18 10:37:34 am
Hardeep Puri hails ONGC`s highest-ever share surge Union Minister for Petroleum and Gas, Hardeep Singh Puri, on Tuesday hailed the new achievement by the public sector upstream giant Oil and Natural Gas Corporation (ONGC) as its shares touched a record new high.  ONGC's share price surged past Rs 323 apiece with a 5.18 per cent intraday gain on Monday, propelling its market capitalisation to Rs 4.06 lakh crore. "Congratulations to ONGC for this milestone achievement. The surge in the share prices -- the highest ever in ONG...
Hardeep Puri hails ONGC`s highest-ever share surge
Hardeep Puri hails ONGC`s highest-ever share surge
Source: IANS
2024-07-16 12:43:13 pm
Stock Picks : State Bank of India Ltd And DLF Ltd By ICICI Direct State Bank of India Ltd. Buy State Bank of India Ltd @ 857-859 Target 867.00 Stop Loss 853.30   DLF Ltd. Buy DLF Ltd @ 833-835 Target 842.00 Stop Loss 828.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And DLF Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And DLF Ltd By ICICI Direct
Source: ICICI Direct
2024-07-12 10:56:06 am
SBI gains on raising Rs 10,000 crore through bonds State Bank Of India is currently trading at Rs. 856.10, up by 7.00 points or 0.82% from its previous closing of Rs. 849.10 on the BSE. The scrip opened at Rs. 854.70 and has touched a high and low of Rs. 858.00 and Rs. 851.05 respectively. So far 88551 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023. Last one week high and low of the scrip stoo...
SBI gains on raising Rs 10,000 crore through bonds
SBI gains on raising Rs 10,000 crore through bonds
Source: Accord Fintech
2024-07-11 11:48:45 am
Stock Picks : State Bank of India Ltd And ITC Ltd By ICICI Direct State Bank of India Ltd. Buy State Bank of India Ltd @ 858-860 Target 869.00 Stop Loss 853.80   ITC Ltd. Buy ITC Ltd @ 433-434 Target 438.50 Stop Loss 430.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And ITC Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And ITC Ltd By ICICI Direct
Source: ICICI Direct
2024-07-08 11:00:13 am
Sensex, Nifty trade flat as Titan, bank stocks top losers Benchmark equity indices on Monday snapped their three-day winning streak and traded flat in the morning hours. At pre-open, Nifty was flat at 24329.45 and the Sensex was lower by 0.1 per cent at 79915.00. Shares of Titan Co fell nearly 4 per cent after it reported subdued growth in the sales of its jewellery segment. Except capital goods, FMCG and all other sectoral indices traded in the red. Shares of ICICI Bank, HDFC Bank, Infosys and State Bank of India dragged the Nifty. T...
Sensex, Nifty trade flat as Titan, bank stocks top losers
Sensex, Nifty trade flat as Titan, bank stocks top losers
Source: IANS
2024-07-08 10:46:17 am
Buy State Bank of India Ltd For Target Rs. 1,015 By Motilal Oswal Financial Services Ruling the roost! Stands tall among the best-performing banks globally * State Bank of India (SBIN) has delivered a strong all-round performance for the past few years and has achieved new milestones in profitability (PAT surpassed INR600b in FY24). The bank has demonstrated considerable improvementsin underwriting standards, while the consistent strengthening of its balance sheet has brought NPAs to pristine levels. * In terms of returns, SBIN has delivered a 34% CAGR over the past ...
Buy State Bank of India Ltd For Target Rs. 1,015 By Motilal Oswal Financial Services
Buy State Bank of India Ltd For Target Rs. 1,015 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-05 02:02:55 pm
BUY State Bank of India Ltd. For Target Rs.1,050 - JM Financial Services Strong all-round quarter SBIN reported strong results, with PAT at INR 207bn (+24.0% QoQ/+125.9% YoY), 41.6% ahead of JMFe of INR 146.9bn. Strong performance was led by benign employee costs, as no exceptional costs were booked in the quarter on account of wage revision, after INR 71bn in 3Q24. Performance, other than opex, was also strong. Loan book grew +5.1% QoQ/+15.2% YoY to INR 37.7trln. Deposit growth trailed advances growth at +3.2% QoQ/11.1% YoY, so, CD ratio increased to 75.3%. NI...
BUY State Bank of India Ltd. For Target Rs.1,050 - JM Financial Services
BUY State Bank of India Ltd. For Target Rs.1,050 - JM Financial Services
Source: JM Financial Services
2024-06-29 05:37:55 pm
Government reforms have made banks robust & profitable: President Droupadi Murmu President Droupadi Murmu said on Thursday that the reforms carried out by the government over the last 10 years have made public sector banks more robust, profitable, and capable of driving the nation’s economic growth.  Addressing the joint session of Parliament, the President said that a lot of reforms have been carried out in the last 10 years that are benefitting the nation today. She pointed out that SBI is at a record level of profit now, and that LIC (Life Insurance Co...
Government reforms have made banks robust & profitable: President Droupadi Murmu
Government reforms have made banks robust & profitable: President Droupadi Murmu
Source: IANS
2024-06-27 04:38:17 pm
Stock Picks : State Bank of India Ltd. And Dabur India Ltd. By ICICI Direct State Bank of India Ltd.       Buy State Bank of India Ltd.@ 840-842 Target 850.00 Stop Loss 835.90   Dabur India Ltd.      Buy Dabur India Ltd. @ 598-600 Target 606.00 Stop Loss 594.70     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd. And Dabur India Ltd. By ICICI Direct
Stock Picks : State Bank of India Ltd. And Dabur India Ltd. By ICICI Direct
Source: ICICI Direct
2024-06-27 10:40:56 am
Buy State Bank of India Ltd. For Target Rs. 1000 - Yes Securities Flagged as the top pick in June 2021, SBI’s investment thesis remains broadly intact Our view – Project finance draft no bugbear and capital ratio no constraint Asset quality – SBI assuaged concerns regarding the RBI draft circular on project finance, while underlying asset quality outcomes remained sound: SBI clarified that it has project loans worth Rs 1.21 trn, while there is a 3-year timeline to make provisions as per the Draft. They further added that any provisi...
Buy State Bank of India Ltd. For Target Rs. 1000 - Yes Securities
Buy State Bank of India Ltd. For Target Rs. 1000 - Yes Securities
Source: Yes Securities Ltd.
2024-06-24 12:38:34 pm
India seeks exemption for sovereign funds from RBI's alternate investment fund rules, sources say The Indian government has asked the central bank to exempt sovereign funds from a recent set of tightened rules concerning investments in alternate investment funds (AIFs), according to two government sources and a fund official. In December, the Reserve Bank of India (RBI) asked banks and non-banking financial companies to raise provisions for AIF investments - under which sovereign funds also fall - if they were also lenders to the projects in which the AIFs were investing. The rules,...
India seeks exemption for sovereign funds from RBI's alternate investment fund rules, sources say
India seeks exemption for sovereign funds from RBI's alternate investment fund rules, sources say
Source: Reuters
2024-06-20 01:56:28 pm
Stock Picks :State Bank of India Ltd. And Hindustan Unilever Ltd. By ICICI Direct State Bank of India Ltd.   Buy State Bank of India Ltd. @ 2457-2460 Target 2486.00 Stop Loss 2444.80   Hindustan Unilever Ltd.   Buy Hindustan Unilever Ltd. @ 2457-2460 Target 2486.00 Stop Loss 2444.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631Stock Picks : Reliance Industries Ltd. And Axis ...
Stock Picks :State Bank of India Ltd. And Hindustan Unilever Ltd. By ICICI Direct
Stock Picks :State Bank of India Ltd. And Hindustan Unilever Ltd. By ICICI Direct
Source: ICICI Direct
2024-06-20 11:27:48 am
SBI board approves to raise up to Rs 20,000 crore via long-term bonds The State Bank of India (SBI) on Wednesday announced it would raise long-term bonds up to Rs 20,000 crore via a public issue or private placement during the ongoing financial year (FY25).  In a stock exchange filing, India's largest public sector bank said: "... we submit that the Central Board at its meeting held today has, inter alia, accorded approval for raising long-term bonds up to an amount of Rs 20,000 crore through a public issue or private placement, during FY25&quo...
SBI board approves to raise up to Rs 20,000 crore via long-term bonds
SBI board approves to raise up to Rs 20,000 crore via long-term bonds
Source: IANS
2024-06-20 09:15:01 am
Public sector banks beat private rivals in efficiency parameter: SBI study Public sector banks in India record a higher level of "efficiency" compared to their private sector counterparts, according to a study conducted by the State Bank of India (SBI).  The study evaluates efficiency by examining how effectively banks utilise their resources. “The results show that contrary to popular perceptions, the performance of PSBs are much better than private and foreign banks,” said Soumya Kanti Ghosh, SBI’s Group Chief Economic Adviso...
Public sector banks beat private rivals in efficiency parameter: SBI study
Public sector banks beat private rivals in efficiency parameter: SBI study
Source: IANS
2024-06-19 11:53:33 am
MEA to integrate SBI digital payments services with eMigrate portal In a bid to facilitate and enhance the ambit of safe and legal migration of Indian migrant workers, the Ministry of External Affairs (MEA) and State Bank of India (SBI), on Saturday, announced the integration of SBIePay with eMigrate portal.   The move will provide digital payment services of SBI through a payment gateway called SBIePay to Indian migrant workers via eMigrate portal. A Memorandum of Understanding (MoU) was signed between the two, which will soon be operational af...
MEA to integrate SBI digital payments services with eMigrate portal
MEA to integrate SBI digital payments services with eMigrate portal
Source: IANS
2024-06-15 05:44:28 pm
Stock Picks : State Bank of India Ltd And Titan Company Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @ 842-844 Target 854.00 Stop Loss 837.70   Titan Company Ltd Buy Titan Company Ltd @ 3466-3470 Target 3505.00 Stop Loss 3449.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Titan Company Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Titan Company Ltd By ICICI Direct
Source: ICICI Direct
2024-06-14 10:43:21 am
SBI to raise $3 billion through long-term debt State Bank of India (SBI) plans to raise up to $3 billion through long-term debt in the current financial year (2024-25), according to a stock exchange filing by the country’s largest bank. The proposal has been approved by the board of directors and SBI intends to secure the funds in single or multiple tranches either through a public offering or private placement of senior unsecured notes. These notes will be denominated in US dollars or other major foreign currencies, according to...
SBI to raise $3 billion through long-term debt
SBI to raise $3 billion through long-term debt
Source: IANS
2024-06-12 12:24:25 pm
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.  The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite. With total transactions on the platform sta...
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Source: IANS
2024-06-07 05:04:07 pm
Stock Picks : State Bank of India Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct State Bank of India Ltd. Buy State Bank of India Ltd. @ 854-856 Target 880.00 Stop Loss 842.00   Hindustan Petroleum Corporation Ltd. Buy Hindustan Petroleum Corporation Ltd. @ 545-550 Target 568.00 Stop Loss 537.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-06-03 11:44:51 am