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Net Interest Income (NII) is expected to increase by 30.5 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 1,660.8 crore, according to Prabhudas Lilladher.
HDFC’s core lending business is getting valued at 1.8x FY23 estimated book value. Along with re-rating of the core mortgage business, the future stock upside will be driven by its subsidiaries and associate companies doing well. LIC Housing is trading at 1x its trailing book value for FY21 and at 0.8x book value estimated for FY23E, which is low compared to its historical average valuation. The weak performance in the near term will keep the stock range-bound. Long term investors however can use this opportunity to accumulate the stock. Overall, HDFC should be a core holding in investors’ portfolio and LIC Housing can be a good tactical bet given its distressed valuation.
Net Sales are expected to decrease by 8.7 percent Y-o-Y (up 17.2 percent Q-o-Q) to Rs 1,245 crore, according to Sharekhan.
Total income of the company rose to Rs 4,977.49 crore in April-June 2020 from Rs 4,807.21 crore in the year-ago quarter, according to regulatory filing.
ICICI Securities is of the view that small and micro-cap stocks are likely to do well over the next 12 months.
The rupee is in long-term consolidation, and a breach of 69.52 could take the currency towards Rs 73/USD mark, Arun Kumar.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Biocon, LIC Housing and Voltas and can sell TVS Motor, Century Textiles and Interglobe Aviation.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bajaj Auto and Biocon and can sell Canara Bank and Chennai Petro.
Housing finance stocks like HDFC, Can Fin Homes, Indiabulls Housing, PNB Housing and LIC Housing will get astrological support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com suggests buying LIC Housing, HCL Technologies, Bajaj Finserv and Exide Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Jindal Steel & Power, Escorts and LIC Housing Finance.
Ashwani Gujral of ashwanigujral.com advises buy Escorts, LIC Housing and Can Fin Homes.
Housing finance stocks like Indiabulls Housing Finance, LIC Housing, HDFC, PNB Housing Finance, Gruh Finance and Dewan Housing Finance will get astrological support, says Satish Gupta of astrostocktips.
Housing finance stocks like Indiabulls Housing Finance, LIC Housing, HDFC, GIC Housing Finance, Gruh Finance and Dewan Housing Finance will get astrological support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com is of the view that one may look at Capital First, LIC Housing or even Indiabulls Real Estate on dips.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his readings and outlook on market and specific stocks.
Sudarshan Sukhani of s2analytics.com
Credit growth for the PSU banks is expected to be weak for the next fiscal year not only because of their limited ability to lend money but also because the capex demand is completely absent, said Suresh Ganapathy, Banking Analyst, Macquarie Cap Sec.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Housing finance companies (HFCs) are elated with the Securities and Exchange Board of India‘s move to hike the investment limit for debt mutual funds to 15% from 10% earlier.
AK Prabhakar, Independent Advisor advises buying Maruti Suzuki for a target price of Rs 1,850 and Union Bank for a target price of Rs 135.
Dhananjay Sinha of Emkay Global Fin Svcs is positive on private banking space and suggests to prefer ICICI Bank, HDFC Bank and Axis Bank from the same.
LIC had a fantastic performance in Q2 and expects the same for the second half of FY14, says chairman SK Roy. Also, he finds banking sector attractive with a longer-term perspective.
Anand Rathi recommends buying ICICI Bank and LIC Housing, while ICICI Direct has a buy on PNB and a sell on HCL Tech.