While Q1 earnings were subdued, we expect future profitability to improve, albeit gradually, as operating leverage will play out with growth in the business
Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: “It will become a question of survival of the fittest.â€
Development Credit Bank (DEB) will be in focus reacting to a very healthy set of numbers that came out post markets yesterday. Ekta Batra tells you how DCB is expected to react today.
Shahina Mukadam of Varun Capital recommends buying Tata Global Beverage for a target of Rs 160 and advises selling Arvind for a target of Rs 145.
Sharmila Joshi of sharmilajoshi.com advises buying LIC Housing Finance for a target price of Rs 215 and Hexaware Technologies for a target price of Rs 144.
Ambareesh Baliga of Edelweiss Financial Services is of the view that Development Credit Bank may test Rs 65-68.
Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial Services prefers ILandFS Transportation Networks, Crompton Greaves and Voltas.
Sharmila Joshi of Peerless Securities recommends buying Amara Raja Batteries with a target of Rs 334 and LIC Housing Finance with a target of Rs 212.
Ambareesh Baliga of Edelweiss Financial Services recommends buying Development Credit Bank as the stock may test Rs 64-65.
According to Sudarshan Sukhani of s2analytics.com, one may see significant upmove in Punjab National Bank (PNB).
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may prefer HDFC Bank and Axis Bank at these levels.
Ambareesh Baliga of Edelweiss Securities recommends buying Axis Bank, ICICI Bank and HDFC Bank within the largecap private sector banks.
Ambareesh Baliga, Managing Partner of Edelweiss Securities is of the view that Development Credit Bank may touch Rs 64.
Dipan Mehta, member of BSE & NSE is of the view that one may pick Development Credit Bank (DCB).
Ambareesh Baliga of Edelweiss Financial Services is of the view that Development Credit Bank (DCB) may touch Rs 64 in the next 6-8 months.
According to Sudarshan Sukhani of s2analytics.com, one may buy Development Credit Bank (DCB) on dips.
TCS | ONGC | Kalindee Rail | Castrol India | Bajaj Holdings | Heidelberg Cement | Bharti Airtel | Idea Cellular | Development Credit Bank | Bajaj Auto | Mindtree | Blue Dart | PFC | Hindustan Zinc and Hindalco are stocks, which are in the news today.
Vishal Malkan of malkansview.com advised buying Opto Circuits for a target price of Rs 27.50 and Titan Industries for a target price of Rs 240.
The Indian rupee recently hit record low at 61.32/USD. Since May, it has lost more than 11 percent against the greenback. This along with the widening current account deficit (CAD) have prompted the authorities to burn the midnight oil to devise strategies in wooing overseas investors.
Nirmal Bang is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a price target of Rs 75, in its research report dated July 18, 2013.
AnandRathi has recommended hold rating on HDFC Bank and buy rating on Development Credit Bank (DCB Bank) with a target price of Rs 725 and Rs 58 respectively in its research reports dated July 18, 2013.
Brokerage house GEPL Capital is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a target price of Rs 58 in its July 18, 2013 research report.
An extended stand-off between the Reserve Bank of India and investors would raise the prospect of it taking other steps to generate demand for the rupee, such as increasing the level of reserves banks must hold, issuing offshore bonds or even raising policy interest rates.
Nomura has a buy rating on the stock with a target price of Rs 60. "DCB continued its impressive run, with its twelfth consecutive quarter of 50 percent-plus year-on-year earnings growth," Numura report said.
Underlying net profit, excluding one-time treasury gains and one-time operating costs, was at Rs 35 crore approximately, for Q1 FY 2014, the bank statement said.