Rights issues by a record number of companies highlight the bullish outlook of their boards, indicating that capital spending is around the corner
The South India Bank stock has given a return of 30.98 percent over the last six months. The benchmark Nifty Bank index has given a return of 6.81 percent over the same duration.
South India Bank stock has surged by 76.70 percent over the last six months. The benchmark Nifty bank index has given a return of 8.29 percent over the same duration.
Motilal Oswal is bullish on South India Bank has recommended buy rating on the stock with a target price of Rs 20 in its research report dated December 13, 2018.
The asset quality looks incrementally stable, and the pain though not completely over, may be nearing an end. FY19 should turn out to be much better as the bank trims the ticket size of loans and sees fewer slippages and provisions.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Indian Oil Corporation, Ceat and Vedanta.
At 10:26 am (0456 GMT), the partially convertible rupee was at 58.24/25 per dollar, after hitting 58.27 and down further from 58.12 levels before the finance minister started speaking. The unit had ended at 57.79/80 on Wednesday.
In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.
Jagdish Malkani, Member, NSE and BSE is positive on Karnataka Bank, South India Bank, State Bank of India and Punjab National Bank.