Nomura and HSBC maintained ‘Buy’ ratings on Shriram Finance, with target prices of Rs 3,800 and Rs 3,725, respectively. Nomura cites the company’s consistent performance, margin expansion, and improved asset quality. HSBC notes Shriram Finance’s strong Q2 results, highlighting its best operating period since 2010.
Posts in category Economic Times
Reduce AU Small Finance Bank, target price Rs 590: HDFC Securities (28-10-2024)
HDFC Securities advises a ‘reduce’ call on AU Small Finance Bank with a target price of Rs 590, citing elevated credit costs and medium-term RoA pressure despite strong deposit and loan growth. The bank’s earnings beat estimates due to stable margins and robust deposit growth, but challenges persist in the unsecured portfolio and microfinance segments.
ICICI Bank shares jump 3% after Q2 results. Should you buy, sell or hold? (28-10-2024)
ICICI Bank’s shares jumped 3.14% after the bank posted a 14.5% increase in net profit for the September quarter. Net interest income rose 9.5% year-on-year. Experts maintain a ‘Buy’ rating on the stock, citing robust loan and deposit growth along with strong asset quality performance.
Bank of Baroda shares surge nearly 5% after Q2 earnings. Should you invest? (28-10-2024)
Bank of Baroda’s stock surged 4.6% following a 23.2% increase in standalone net profit for Q2FY25. NII grew by 7.3%, and non-interest income surged by 24.2% YoY. Analysts provide varied ratings with emphasis on stable asset quality and challenges in growth projections.
Hot Stocks: Brokerage view on ICICI Bank, IndiGo, Ola Electric and Bandhan Bank (28-10-2024)
Brokerage firms IIFL and Jefferies recommend buying ICICI Bank, with target prices of Rs 1,480 and Rs 1,550, respectively. CLSA maintains an outperform rating on Bandhan Bank at Rs 240. Jefferies also rates IndiGo as a buy with a target of Rs 5,100, while HSBC rates Ola Electric at Rs 110, citing service improvements despite challenges.
Fund Manager Talk | Short-term outlook murky, investors need stomachs of steel: Deepak Shenoy (28-10-2024)
We don’t like to predict where the Nifty will go. We hope it does well, of course. But there’s no way to predict. It’s better, in our view, to respond to what takes it up or down.
ETMarkets Smart Talk: InCred Money’s CEO Vijay Kuppa explores the role of bonds, gold, and debt funds in modern portfolios (28-10-2024)
For conservative investors, or those nearing retirement, a higher bond allocation—around 50-60%—might be necessary to preserve capital. Younger investors or those with a higher risk tolerance might limit bond exposure to 20-30%, using the rest for equities and growth-oriented assets.
ETMarkets Smart Talk: India’s next crorepati wave: Tapping into the aspirations of Bharat’s new wealth creators (28-10-2024)
But let us also not forget that we are coming on the back of a three-to-four-year very strong rally that markets have seen, and for very good reasons: India as a country and an economy pretty much held its own while most of our global peers were going through periods of volatility and uncertainty.
Stocks to buy today: HDFC Bank, Paytm among top 10 trading ideas for October 28, 2024 (28-10-2024)
The Indian market is expected to rise on Monday, following positive global cues. Nifty futures closed down 0.97% at 24,215. Options data indicates a trading range between 23,800 and 24,500. Experts recommend various stocks for short-term trading, including Indian Hotels, Sundaram Finance, and HDFC Bank, with specific targets and stop-loss levels provided.
Premium Plast shares to debut on NSE SME platform today. GMP hints at healthy gains (28-10-2024)
Premium Plast is set to debut on the NSE SME platform on Monday, with shares currently showing a grey market premium (GMP) of Rs 9. Based on the upper price band of Rs 49, the stock is expected to list at a 19% premium over the issue price.