Anyone has any idea about Oriental Carbon? What is going on?. It had demerged and now there would be two entities - Oriental Carbon & Chemicals Limited and OCCL Limited. Would existing shareholders be receiving the shares of OCCL Limited?
Posts in category All News
InterGlobe shares rise 0.76% as Sensex slides (05-07-2024)
Stock market update: Nifty Auto index falls 0.17% in a weak market (05-07-2024)
Indian Hotels shares up 1.07% as Nifty falls (05-07-2024)
Equitas Small Finance Bank: A Profitable lender to small businesses (05-07-2024)
I personally don’t think it’s a big issue - CASA ratios are declining across most banks because people prefer to park their money in FDs owing to the highest interest rates we’ve seen in a long time.
Additionally, in the last earnings call, the management referred to their TD base (non CASA deposits) as the “most stable Term Deposit base” with 62% of it being less than 2 crores. Individual ticket sizes were said to be in the range of 4.5 to 5 lakhs, which means that there are a large number of depositors, reducing risk. Out of the term deposits with higher ticket sizes, they mentioned that more than 90% of the book was non-callable which should be comforting for them for the next year or so.
Disclosure - Invested & biased
Sensex falls! These stocks are down 5% or more on BSE (05-07-2024)
Nifty PE crosses 24|A statistically informed entry-exit model! (05-07-2024)
From 1st April 2021, nifty pe was calculated on consolidated profits instead of standalone.