Ashwani Gujral of ashwanigujral.com is of the view that UPL may test Rs 880 while NBCC may hit Rs 320.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, Bank of India and Union Bank of India.
ICICI Direct is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 147 in its research report dated January 06, 2017.
Wockhardt | Tech Mahindra | Sagar Cement | Glenmark | Torrent Pharma | Mastek | Piramal Enterprises | GE Power | Indo Borax | Monnet Ispat | Reliance Communications | GM Breweries and Chartered Logistics are stocks, which are in the news today.
State-run Bank of Baroda today said it has reduced it marginal cost of funds based lending rate (MCLR) by up to 75 basis points across various tenors.
Even as hopes of a wider farm loan waiver have risen in the wake of PM Narendra Modi‘s pro-agri speech on December 31, 2016, an Ambit report warns it could spell disaster for banks.
Taking a cue from State Bank of India, other lenders including India‘s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost R
Maharashtra Chief Minister Devendra Fadnavis today said lowering of interest rate by banks was a positive impact of demonetisation which will boost economy in a big way.
MCLR-based lending system ensures that any future cuts are transmitted to the borrowers. So even if interest rates are cut in the future, borrowers will be able to get the benefits of the rate cuts.
Industry chamber CII said that the rate cuts will play a key role in the process of economic strengthening in the medium term.
SBI, the country's biggest lender by assets, said on Sunday it had cut its so-called marginal cost of funding-based lending rates (MCLR) by 90 basis points for maturities ranging from overnight to three-year tenures.
Ashwani Gujral of ashwanigujral.com recommends buying MMTC and Dredging Corporation and advises selling Union Bank of India.
impact on non-banks financiers is likely to be negative as financiers that were dependent on wholesale/bond market financing, could likely face a squeeze in spreads on incremental volume. Jefferies believes banks are likely to outperform non-banks.
The country's largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) by 0.9 percent from 8.90 percent to 8 percent for one-year tenure, the bank said in a statement.
Arun Tiwari, CMD, Union Bank of India said confidence of getting cash whenever needed will return back for people in a month or so. He said RBI is now in a better position to supply currency.
Ashwani Gujral of ashwanigujral.com suggests selling Union Bank of India, Prism Cement and Jubilant Life Sciences and advises buying Chambal Fertilisers and Balkrishna Industries.
According to Sudarshan Sukhani of s2analytics.com, one can sell PSU Banks including Canara Bank, Andhra Bank and SBI as well as pharma stocks, Castrol India and Just Dial.
Rajat Bose of rajatkbose.com suggests selling Manappuram Finance and Union Bank of India.
According to Sandeep Wagle of powermywealth.com, one can buy Engineers India and Reliance Capital and sell Union Bank of India.
Ashwani Gujral of ashwanigujral.com recommends buying Biocon and Indraprastha Gas and advises selling Union Bank of India, Bharat Financial Inclusion and Just Dial.
Sandeep Wagle of powermywealth.com recommends buying Biocon and Cummins India and advises selling Union Bank of India.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries and Petronet LNG and advises selling Punjab National Bank, M&M Financial and Union Bank of India.
Rajat Bose of rajatkbose.com is of the view that one may stay invested in Union Bank of India.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money is of the view that one can short Union Bank and go long in Voltas.
Sandeep Wagle of powermywealth.com advises buying Hindustan Zinc and Indo Count.