Asset quality increased but that is only due to farm loan waiver. Gross non-performing assets (NPA) increased 19 basis points sequentially to 1.24 percent and net NPA rose 11 basis points to 0.44 percent in Q1.
Net interest income increased 20.4 percent to Rs 9,370.4 crore from Rs 7,781.44 crore on YoY.
It is better to go via mutual fund route if one is not equipped to spend enough time in the market and understand the various nuances of investing.
Sudarshan Sukhani of s2analytics.com suggests buying HDFC, HDFC Bank, PC Jeweller, Bharti Infratel and Adani Ports and Special Economic Zone and advises selling Torrent Power and Ajanta Pharma.
Analysts feel if loan growth comes above 15 percent, domestic loan growth above 20 percent and net interest margin above 4 percent then that will be positive.
Chandan Taparia, Motilal Oswal Securities recommends buying HDFC Bank, Federal Bank and Tata Motors.
Ashwani Gujral of ashwanigujral.com recommends buying Axis Bank, HDFC Bank and Can Fin Homes.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBCC, Suprajit Engineering and L&T Finance Holdings.
The facility will offer multiple eligible loan amount options up to Rs 15 lakh for a fixed tenure of 60 months based on pre-checked CIBIL scores
Ashwani Gujral of ashwanigujral.com recommends buying Dewan Housing Finance, HDFC Bank and Bajaj Finserv.
The Nifty too is chasing 10,000 level which is likely to act as stiff resistance for the index and market should cool off post the event, suggest experts. However, a major decline is not something which analysts’ see unless it gets triggered by a global event.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank and ICICI Bank and can sell Indian Oil Corporation.
Indian ADRs ended higher on Tuesday. Tata Motors advanced 0.93 percent and Wipro rose 0.13 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy HDFC Bank and sell Tata Steel and IDFC Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HUL, HDFC Bank and Tata Elxsi and can sell Ajanta Pharma and Zee Entertainment.
Rajat Bose of rajatkbose.com is of the view that one may buy HDFC Bank and NIIT Technologies and can sell Motherson Sumi Systems.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Punjab National Bank and can buy Aurobindo Pharma, Dr Reddy's Laboratories and Prabhat Dairy.
Private sector lender HDFC Bank today said it plans to organise 500 awareness workshops on Goods and Services Tax (GST).
Ashwani Gujral of ashwanigujral.com is of the view that Balkrishna Industries is the best tyre stock and may test Rs 1900 while RIL will probably move sideways around Rs 1,340-1,350 zone.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Indian Oil Corporation and Cummins India and buy UPL, Siemens and Sun TV.
Out of the total remuneration of Rs 10.05 crore in the last financial year, gross salary accounted for little over Rs 9.5 crore.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell ONGC and Lupin and advises buying Dewan Housing Finance and holding Adani Power.
Some quality names in IT and pharma are available at appealing valuations which are attracting smart money into these stocks.
The total category wise asset under management (AUM) of the mutual fund (MF) industry slipped by 1.2 percent or Rs 22,327 crore to Rs 19.03 lakh crore for the month of May 2017, but equity funds saw an increase of 2.7 percent in the same period.
Top three gainers in the private banking space include names like ICICI Bank, Kotak Mahindra Bank, and HDFC Bank which saw huge buying interest by fund managers in the month of May.