We expect the bank to maintain stable asset quality over FY19-20, aided by its well-diversified loan mix.
We expect slippages from the corporate book to shrink as the bank increases its exposure to higher-rated corporate bodies. Thus, we model a gross-NPA ratio of 0.97 percent in FY20.
A rate hike is something which might not be taken in a positive light by most of the sectors
Motilal Oswal expects Nifty EPS to grow 27.4 percent to Rs 579 in FY19 and 19.6 percent to Rs 693 in FY20.
Prakash Gaba of prakashgaba.com is of the view that one can buy United Spirits with target at Rs 3430 and stop loss at Rs 3330 and sell Hindustan Unilever with target at Rs 1554 and stop loss at Rs 1574.
The Nifty corrected nearly two percent for the week-ended May 18 and slipped below its crucial support placed at 10,600, suggesting further pain in the coming session.
We feel that the same sentiment will translate onto the heavyweights within the index and that would bring down the Nifty50 as well in coming weeks, says Pushkaraj Sham Kanitkar, AVP - Technical Research at GEPL Capital.
"The bank is targeting 25-30 percent loan growth, led by continued branch expansion and strong customer acquisition. We have a buy on the stock with target of Rs 2250," says Yogesh Mehta, Vice President - Equity Advisory at Motilal Oswal
IndusInd Bank and TCS are on analysts’ radar today.
The most aggressive price target came from Citigroup which maintains a buy call on the stock but raised its target price to Rs 2180 from Rs 2060 which translates into an upside of about 20 percent from current level.
Here is a list of top 12 wealth-creating ideas by experts with a time horizon of next 2-3 years.
GSPL, Cipla and Bharti Airtel, among others, are being tracked by investors on Wednesday.
Nifty and Bank Nifty both continue to remain in the Lower Top Lower Bottom structure. Nifty is precariously poised above the 200-DMA of 10,100 while Bank Nifty too is managing to currently hold above its yearly mean of 24,500.
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries, Havells India and IndusInd Bank.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
Ashwani Gujral of ashwanigujral.com recommends buying Johnson Controls, RBL Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank and KPIT Technologies.
Gaurang Shah of Geojit Financial Services is positive on Bharat Financial Inclusion.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and Godrej Industries and can hold Tata Elxsi and can sell LIC Housing Finance and PSU banks.
"The Index has formed 'Bearish Belt Hold' candlestick pattern indicating downfall to continue in near term. It is heading towards 10,127 levels which is the 200 Simple Moving Average (SMA) which might work as immediate support zone," says Rajesh Agarwal of AUM Capital.
Mitessh Thakkar of miteshthacker.com recommends buying Hexaware Technologies with a stop loss of Rs 346.50 and target of Rs 366 and advises selling Hindalco Industries around Rs 232-233 with stop loss of Rs 240 and target of Rs 220.
The Nifty metal index extended its morning loses and was trading lower by 2.8 percent dragged by Hindalco Industries, JSW Steel, JSPL, NMDC, SAIL, Tata Steel and Welspun Corp.
The colour red is a synonym for a fall or correction. We have seen nearly 6 percent fall in the benchmark indices and doubled digit cuts in many stocks from small and midcap space.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell IndusInd Bank and Hindalco Industries and can buy Tata Elxsi.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NCC and IndusInd Bank and can sell Reliance Communications.
Mitessh Thakkar of miteshthacker.com recommends buying Bharat Electronics with a stop loss of Rs 151.50 for target of Rs 164, Can Fin Homes with a stop loss of Rs 528 for target of Rs 560 and Godrej Consumer Products with a stop loss of Rs 1063 and target of Rs 1095.