Primary trend of Marico has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
The Sensex and the Nifty rallied more than a percent in their biggest single-day gains in a month. About 2,015 shares advanced, 1,539 declined and 155 remained unchanged
Motilal Oswal is bullish on Equitas Small Finance Bank recommended buy rating on the stock with a target price of Rs 77 in its research report dated March 21, 2023.
Emkay Global Financial is bullish on Equitas Small Finance Bank has recommended buy rating on the stock with a target price of Rs 72 in its research report dated February 09, 2023.
Equitas Small Finance Bank price has been hovering near the upper Bollinger band, which points to rising volatility in the counter
The small finance bank is targeting to reduce its gross non-performing asset numbers to pre-pandemic levels and reduce the interest rate gap with major banks
Management continuity, robust liability profile, and a de-risked asset book position Equitas SFB ideally for the economic upturn
Vasudevan's current term as MD & CEO expires on July 22, 2023. The Board has decided to extend the tenure for another three years.
The bank said that the hike in interest rates will be effective from December 14
Jindal Steel & Power shares rallied 4 percent to Rs 535.75, the highest closing level since April 29 this year, and formed bullish Engulfing kind of pattern on the daily charts with strong volumes. The stock has seen a breakout of long downward sloping resistance trend line adjoining April 11 and November 23 this year.
Data showed that the amalgamation of Equitas Holding and Equitas Small Finance Bank (SFB) will help the bank improve its asset quality and credit growth
Geojit recommended accumulate rating on Equitas Small Finance Bank with a target price of Rs 57 in its research report dated November 03, 2022.
YES Securities is bullish on Equitas Small Finance Bank has recommended buy rating on the stock with a target price of Rs 63 in its research report dated November 01, 2022.
The gross non-performing assets decreased to 3.82 per cent from 3.95 per cent in the first quarter of FY23.
Emkay Global Financial is bullish on Equitas Small Finance Bank has recommended buy rating on the stock with a target price of Rs 62 in its research report dated July 30, 2022.
The bank is looking to double its current and savings account deposits in the next six months by leveraging its digital capabilities.
Asset quality issues are behind. The bank has put in substantial efforts in diversifying and de-risking its asset book away from unsecured micro-finance
With SEBI and RBI’s approvals, the reverse merger process of Equitas SFB now only requires approvals from shareholders, creditors, and NCLT approvals.
Vasudevan, in his resignation letter, said he wants to devote his time towards social welfare through his public charitable trust.
Emkay Global Financial is bullish on Equitas Small Finance Bank has recommended buy rating on the stock with a target price of Rs 75 in its research report dated May 04, 2022.
Equitas Small Finance Bank has been trading flat in the past three months. On the ground, growth seems to be picking up, the strong liability profile is gaining traction impressively, and with broad-based normalisation of economic activities, asset quality worries are reducing, especially for Equitas that has a book loaded with secured assets. Given all this, is it the right time to own the stock? Watch the video to find out.
The analysts say the share-swap ratio is skewed in favour of shareholders of the promoter company, which is smaller than the small finance bank in terms of net worth, turnover and assets.
Emkay Global Financial is bullish on Equitas Small Finance Bank has recommended buy rating on the stock with a target price of Rs 80 in its research report dated March 22, 2022.
These banks are expanding their digital presence with a branch-lite, distribution heavy model. With a strong digital presence through fintechs, the banks are looking to serve the next set of digital customers.