HDFC Bank is set to announce its Q2FY18 numbers today. Rajiv Mehta of IIFL Wealth Management shared his views and outlook of what to expect from the numbers.
In an interview with CNBC-TV18, Rajiv Mehta, CEO of the company said that currently the fit-out cost for the stores is coming at Rs 2,200 per sq ft and each footwear store building should cost around Rs 50-70 lakh.
After a consistently dissapointing performance, the earnings numbers for Punjab National Bank (PNB) look better than expected, says Pankaj Sharma, Equirus Securities.
Analyzing the result, Rajiv Mehta of IIFL told CNBC-TV18 that the bank's weak fee income growth is disappointing and expects the bank to be under pressure post weak earnings.
The brand plans to launch 25-30 stores across India and is eyeing a turnover of Rs 200 crore in the next five years, the company said in a statement.
Arvind Fashion Brands Ltd. today announces its joint venture partnership with the legendary Sachin Tendulkar to launch an iconic premium ...
CNBC-TV18's Priya Sheth catches up with Sachin Tendulkar and Rajiv Mehta, CEO, Arvind Fashion Brands, to know how they plan to scale up the brand.
The bank's net interest income (NII) remained almost flat at Rs 4,233 crore during October-December quarter compared to Rs 4,221 crore in same quarter last year.
Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.
Rajiv Mehta, however, expects the net interest margins to improve marginally in the current quarter.
Rajiv Mehta, Banking Analyst at IIFL is of the view that one may buy IndusInd Bank with a target price of Rs 507.
Rajiv Mehta, Banking Analyst at IIFL has downgraded Mahindra & Mahindra Financial Services from a buy to a market performer.
Rajiv Mehta, Banking Analyst at IIFL remains relatively bullish on Bank of India as compared to other PSU banks.
Rajiv Mehta, Banking Analyst at IIFL is of the view that one may buy ICICI Bank. "We have reduced target price on the stock from Rs 1,240 to Rs 1,160," he adds.
Within the PSU banks space, Rajiv Mehta, banking analyst at IIFL is bullish on Bank of India because its asset quality has been more resilient when compared to other banks in the space.
Vaibhav Agrawal of Angel Broking says despite lower than expected net profit, the bank surprised on the positive by posting around Rs 700-800 crore improvement in non-performing assets. Even combining the two factors, the numbers look fairly decent.
Till the time Infosys bridges the revenue gap with its peers, Rajiv Mehta, Banking Analyst, India Infoline prefers TCS and HCL Technologies over Infosys.
Rajiv Mehta, banking analyst at India Infoline prefers Tata Consultancy Services and HCL Technologies over Infosys and Wipro within the IT space.
Rajiv Mehta, banking analyst at India Infoline recommends buying Infosys as the stock may test Rs 4132.
Rajiv Mehta of IIFL says teh stock is not rallying as most banking stocks have already rallied about 10-15 percent and the the market is now cautious ahead of the RBI monetary policy on October 29.
This week, we have Rajiv Mehta, the Managing Director of Puma India and he's urging all communication and marketing professionals to bookmark a website that will help them throughout the week.
With stress persisting for a longer time, a lot of NPLs sitting on the fence can get converted into bad loans, thus putting pressure on asset quality
Investors had rewarded the largest mortgage lender HDFC on its Jan-March quarterly performance. Shares had hit 52 weeks high at Rs 895. However, the exuberance did not recur just after three months when HDFC shares dropped more than 3 percent to close at Rs 803 on Friday. Have the fundamentals changed for HDFC?
State Bank of India's net profit, net interest income and margins have fallen in the fourth quarter, however asset quality has improved sequentially, which was heartening, says Rajiv Mehta of IIFL
Public sector banks like Punjab National Bank, Union Bank of India and Allahabad Bank have seen stabilization and asset quality in the third quarter, which is reassuring for the entire PSU banking space.