RBL posted a miss in earnings (~33%) with PAT at Rs2.2bn/0.6% RoA, mainly due to dip in NIM to ~5%, higher staff cost (owing to pay hikes and ~800-900 in-house collection fleet added in Q2), and LLP (led by higher slippages in CC + MFI book). Credit growth also moderated to 15% YoY due to the bank’s strategy to prune its low-yielding corporate book and slowdown in unsecured loan growth (including Cards and MFI); however, the bank remains focused on building its high yielding secured retail/SME book for better RaRo
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- Choice Broking has recommended EFC (I) Ltd for target price ₹855 (75% upside)Choice has recommended EFC for target price ₹855 (75% upside). Co provides flexible office spaces. M-Cap is ₹2400 Cr. Promoters hold 46%. Samit Vartak's Sage One Fund holds 1.50%. Vanaja Sundar Iyer holds 1.78%. Co's peer Awfis is held by Ashish Kacholia to the extent of 4.77%. Co provides flexible office spaces. M-Cap is ₹2400 […]
- Last Diwali's recos gave return of 38.5% vs Nifty's 28%. Target Achieved in 7 out of 9.Last Diwali's recos gave return of 38.5% vs Nifty's 28%. Target Achieved in 7 out of 9. This year, 9 Long Term Stock Ideas with up to 38% upside potential are recommended. All Cos are in leadership position with high growth potential & reasonable valuation Download research report ... Last Diwali's recos gave return of […]
- Goldman Sachs has downgraded India to Neutral from overweightGoldman Sachs has downgraded India to Neutral from overweight due to slower economic growth, corporate profits & high valuations. Nifty target is reduced to 27,000 from 27,500. There is no risk of a significant price correction. There will be a time correction for 3 to 6 months
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