Apr 30, 2015 at 12:43 | Source: Moneycontrol.com
CLSA maintains a buy rating on the stock with a target price of Rs 640 per share, expecting earnings to grow at 21 percent CAGR over FY15-17 led by healthy topline. However, it was tad disappointed in the 14 percent current and savings account (CASA) growth that needs to improve to supported loan growth.
Apr 28, 2015 at 16:28 | Source: Moneycontrol.com
One of the biggest gainers of the day, ICICI Bank closed with 8 percent gains. Analysts are positive on the stock after it posted Q4 net profit up 10.2 percent year-on-year to Rs 2,922 crore. Calling it a 'relatively better performance' Kotak maintains a buy rating with a revised target price of Rs 400 per share.
Apr 28, 2015 at 10:02 | Source: Moneycontrol.com
Calling it a 'relatively better performance' Kotak maintains a buy rating with a revised target price of Rs 400 per share. It is positve on the private lender on steady shift to low-risk businesses such as retail, a strong current and savings account (CASA) franchise and improving return ratios.
Apr 27, 2015 at 10:20 | Source: Reuters
Red-hot mainland Chinese shares soared, with Shanghai composite index rising 2.1 percent to seven-year highs on hopes of more monetary stimulus and launch of infrastructure projects linked to China's "Modern Silk Road" plan.
Apr 23, 2015 at 17:50 | Source: Moneycontrol.com
Shares of Tata Steel surged 5 percent intraday after Bank of America Merill Lynch reinstated coverage with a buy rating. The brokerage has set a target price of Rs 500 per share valuing the company at its five-year average P/B of 1.1x one-year forward P/E of 8x.
Apr 23, 2015 at 11:52 | Source: Moneycontrol.com
Nomura remains positive on the stock with a buy rating and a target price of Rs 920 per share. Daiwa also has a buy rating with a target price of Rs 916 per share expecting loans to grow around 30 percent year-on-year in FY16.
Apr 17, 2015 at 21:46 | Source: Reuters
The lack of price visibility was blamed for accelerating a sell-off in European shares, while trading volumes in German government bond futures contracts fell by around a third.
Apr 17, 2015 at 10:00 | Source: Moneycontrol.com
Shares of Tata Consultancy Services (TCS) slipped 4.3 percent intraday on Friday after its March quarter earnings disappointed investors. However, most brokerages are still bullish on the IT major but tweaked target price slightly.
Apr 15, 2015 at 09:50 | Source: Moneycontrol.com
State Bank of Travancore has informed BSE that the Committee of Directors at its meeting held on April 13, 2015 has approved the allotment of 1,18,50,694 equity shares with face of Rs. 10 each for cash at a price of Rs 400 including a premium of Rs. 390 per equity share aggregating to Rs 474.03 crore to the eligible applicants of the Rights Issue.
Apr 13, 2015 at 08:31 | Source: Reuters
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent after touching its highest levels since September in the previous week.