Gung-ho on 2 pockets of PSU stocks; bank stocks to be laggards for next 2 quarters: Ajay Vora (17-10-2024)
Ajay Vora from Nuvama Asset Management is optimistic about defence stocks, OMCs, and specific PSU sectors despite recent corrections. Caution is advised due to a demand slowdown affecting various sectors. He also sees potential in the IT sector and mentions tactical opportunities in the paints and tyres industries. Financials may see long-term gains despite short-term challenges.
Hyundai Motor IPO: Will it enter fast lane on last day? (17-10-2024)
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HDFC Bank- we understand your world (17-10-2024)
CASA will become a meaningful metric only if the bank holds a large chunk of HNI or Corporate accounts. This is where the foreign banks like Standard Chartered and erstwhile Citi bank had an edge. If the majority of the accounts are from mid to low income group or salary accounts (as it is for most big Indian private banks), the outflow happens quickly for loans, EMIs and the balance is negligible. Indian banks should shift focus and target the turf hold by foreign banks to improve the CASA. While the cost of funds may be slightly higher, FDs and RDs still play a significant role on the asset side of any banking franchise.