Watch the interview of Nilesh Parikh, Associate Director at Edelweiss Securities with Latha Venkatesh, Sonia Shenoy & Anuj Singhal on CNBC-TV18.
Nilesh Parikh of Edelweiss Securities expects SBI to report slippages in the range of Rs 15,000-17,000 crore for the quarter ending in June.
In the near-term, Suresh Ganapathy of Macquarie Capital Securities does not see any re-rating catalyst. He believes the fundamental value of ICICI Bank is at Rs 240-250 per share.
The top 3 banks SBI, ICICI and HDFC Bank on Tuesday cut their lending rates by 15 basis points post RBI‘s nudge.
According to Nilesh Parikh, associate director - wholesale capital markets, Edelweiss Financial Services in case the Q4 numbers are in line with the third quarter for state owned banks then it may not be that negative for them.
Nilesh Parikh Edelweiss Financial Services recommends buying OBC given its valuations.
In an interview to CNBC-TV18, Nilesh Parikh, Edelweiss Securities discusses the current state of non performing loans and banks earnings.
Domestically, the company plans to be more in retail space than wholesale space because retail space will have better profit margins, which in turn will help their bottomline.
In an interview to CNBC-TV18, Nilesh Parikh, chairman of Shree Ganesh Jewellery House says, the company will be able to achieve 25% top-line growth this year.
From now till March, good days for the jewellers start, said Nilesh Parikh, chairman of Shree Ganesh Jewellery. Parikh expects a 10% of the total domestic turnover on coming two-three days with the festive mood head. Moreover, the company expects a growth rate of 35-40% on the topline on the retail side.
Shree Ganesh Jewellery has tied up Bharti Retail in a bid to have a shop-in-shop alliance. Nilesh Parikh, chairman of Shree Ganesh Jewellery, tells CNBC-TV18 that alliance with Bharti Retail has been an encouraging event for the company and it may come out with 23-30 new stores this year in a shop-in-shop format.
In an interview with CNBC-TV18, Chairman of Shree Ganesh Jewellery House Nilesh Parikh says the company is also looking at capitalizing on lending against gold.