Even as the banking sector is reeling from the Rs 12,700 cr-PNB scam, there is some good news as the newly formed Bandhan Bank is set to come up with one of the biggest IPOs among banks in a long time.
The price band of the much-awaited IPO has been finalised at Rs 370-375 per share and the bid would remain open from March 15 to 19.
The quarterly earnings season is back and 3 banks posted decent results but the month ahead will see more trouble brewing for the treasury books of most banks denting their profitability
Kotak has come out with its sector report on Telecom dated January 01, 2018. Wireless EBITDA–steep decline trend likely to continue
The RBI was in the thick of action this week. WhatsApp rumours and NPA troubles, among others, kept the central bank busy.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
According to Kotak Institutional Equities, weak investment demand which accounts for 30 per cent of GDP is a far bigger 'structural' challenge.
Details are awaited, but most likely a holding company structure will emerge out of the merger of IDFC and Shriram Capital.
Kotak Institutional Equities selected their top ‘sell’ ideas from among 90 stocks where they have a ‘negative’ rating.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
Gaurang Shah, President – Asset Management, Insurance & International Business at Kotak Mahindra Bank, said that Old Mutual is going through a process of managed separation and they are breaking the enterprise into four verticals.
Q4 earnings growth is likely to be driven by banks & metals stocks while tech and healthcare are likely to perform poorly.
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
The bank, in an exchange notification, clarified that the information on MD & CEO Shikha Sharma resigning was false.
Kotak says structural drivers like GST implementation and labour law simplification will drive sustainable stable growth of the company.
Deutsche Bank says Bharti Airtel's deal with Millicom to combine operations in Ghana reflected continued progress on African restructuring. Hence, the brokerage house assigned buy rating on the stock, with a target price at Rs 400.
Analysts feel price and quantum of buyback better, but challenges in business environment on the back of H1-B visa issue, clarity on client budgets to impact the stock.
Kotak says JSPL's steel operations can engineer a financial turnaround over next 1-2 years by commissioning of 3.2 million tonne per annum blast furnace at Angul operations.
Speaking to CNBC-TV18, Hugh Young, Managing Director of Aberdeen Asset Management-Asia, said the glory days of healthy IT returns were over.
Loan growth would be a disappointment as compared to investors' expectations and return on equity visibility beyond 12-14 percent by FY2019 still poses as a challenge, the brokerage house says. Kotak has increased target price to Rs 170 from Rs 160.
Morgan Stanley is underweight on Bank of Baroda, with reduced target at Rs 125 from Rs 135 as valuation is expensive in the context of weak earnings progression. Share price will fall relative to the industry over the next 30 days, it feels.
Amid the ongoing conflict between Infosys' Board and its founders, its CEO Vishal Sikka is scheduled to meet institutional investors tomorrow at an event in Mumbai.
Speaking to CNBC-TV18, Harsha Upadhaya, Chief Investment Officer at Kotal Mutual Fund, said the impact of the note ban had only been short-term.
The company reported one of their biggest order wins in its quarterly results. However, challenges related to moderate execution as well as volatility among top clients may be hitting revenues
UBS has retained a buy call on Coromandel International with a target price of Rs 325 as it believes the stock is attractively valued at FY18 PE of 14x.