SUMEET KARIWALA
Large private banks will do well over next two-three years: Sumeet Kariwala
The banks which have struggled to the asset quality cycle over there the earnings expectations are low, the valuations are depressed and to that extent from a stock market perspective the earnings upgrades as well as valuation re-rating can be quite meaningful and we have seen a lot of stocks double and triple over the last two-three years.
HDFC Bank dethrones Reliance Industries as new Baahubali of Nifty
In case of Nifty Bank index, HDFC Bank's weight will increase from 26.9% to 29.1%, leading to inflows of about $70 million from passive funds, according to calculations by Nuvama.
HDFC stock’s 45-year-old journey ends today. What's in store now?
All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC will get 42 HDFC Bank shares for every 25 shares of its parent company.
Is HDFC Bank stock up for re-rating after merger? Morgan Stanely cites 5 growth triggers
Morgan Stanley has resumed its overweight rating on HDFC Bank and set a target price of Rs 2,110. The brokerage firm expects loan growth and EPS growth to be around 17-18% YoY after FY24. They believe that the stock is available at an attractive valuation and trades at a discount to its historical mean. The analysts also highlight key drivers for the stock, including strong trailing investments, sustained deposit market share gains, steady margin trends, strong asset quality, and operating leverage. They expect re-rating over the next year as profitability and loan growth improve.
Here's why Sumeet Kariwala is bullish on the banking sector
Look at the corporate capex announcements that have happened over the last one year. The stage is set for a very strong recovery in private corporate capex. It may take some time, there could be a delay of two, three quarters because there are elections pending, global environment is slightly more tricky.
Battered Paytm gets its first bullish rating from a major broker
Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday’s close. It sees attractive risk to reward after the stock dropped to a record low earlier this week, and values the firm at $17 billion.
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Morgan Stanley prefers mid-cap NBFC stocks over larger peers
Morgan Stanley said this recommendation is for investors looking for ‘deep value’ and ‘mis-priced’ stocks whose valuations have hit new life lows after two challenging years for the sector.
India's chaotic bank rescue sparks worries on spectrum of things
Here is what analysts and investors are worried about.
Morgan Stanley ups target price on SBI by 14%
SBI shares rose 0.5 per cent to close at Rs 328.25 on Wednesday.
Tax tinkering clouds insurance stocks’ earnings outlook
The taxing dividend income in the hands of insurers will increase their effective tax rate.
RBL upside may be capped despite QIP deal
RBL stock declined 13 per cent in the last six days to close at Rs 325 on Wednesday as against its recent QIP price of Rs 351.
SBI expects return on assets to hit 4-year high this fiscal
Higher NIMs and stable asset quality are key drivers, says bank; shares rise nearly 8%
India plans mega banks but analysts say bet on rivals instead
ICICI Bank Ltd. and Axis Bank Ltd. remain UBS’s most-preferred picks.
YES Bank's road ahead: Will investors say yes to Gill’s plans?
Investors are saying ‘No’ to Yes Bank. UBS cut its target price. HSBC downgraded the stock.
PNB says has ability to recover after uncovering giant fraud
Mehta said that investigation was done on priority, and that the bank approached law enforcement agencies as soon as they managed to verify all the details.
PSB mergers should be between equals: SBI Chief Arundhati Bhattacharya
There can’t be a one-size-fits-all approach, and the temptation to merge the weaker ones with the stronger ones should be resisted as it leads to the stronger one losing strength, she said.
SBI sees loan growth jumping from 25-year low
The state-run lender cut lending rates based on the marginal costs of funds by 90 basis points across all tenures on Sunday.
Jaypee Group plans to sell cement business; UltraTech, Dalmia Bharat and Shree approached
A few bulge-bracket PE firms too have been approached with a detailed information memorandum of operations but the response has been lukewarm.
Global banks may not be in a hurry to set up subsidiaries
Top global banks such as Citigroup, Hong Kong and Shanghai Banking Corp and Deutsche Bank may not rush to set up an Indian subsidiary.
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