It has invested in digital capabilities, branch expansion & products
Management highlighted that bookings for Q4FY23 have been strong even as seasonality would come into play in this quarter.
While the management stated that adverse macro factors affected company performance for the quarter, it expressed cautious optimism going forward.
Motilal Oswal estimates HDFC Bank to deliver a 19% CAGR in net profit over FY22-25, with RoA/RoE of 2.0%/17.7% in…
IRDA to give more room to insurers to raise both debt & equity capital
Copper/aluminum/zinc/nickel/alumina were down on a q-o-q basis with lead being the exception.
Online purchases grew to 57.8% in first half from 55.2% in Q1FY23
Company would initially launch the V1 in three cities (Bengaluru/ Jaipur/Delhi), further ramping up to other cities and global launch.…
Gaining market share through a focused growth strategy
Asset has quality has been under pressure over the past few quarters, with slippages led by the restructuring book, particularly…
Total capex stood at Rs 970 bn, primarily for the Digital, Retail, and O2C businesses along with the forex impact
Demand for PVs is strong; CV cycle momentum likely to be sustained; Maruti and Ashok Leyland are top picks
Dividends are likely to be healthy; FY23/24 Ebitda up 6/2%; target price increased to Rs 290 from Rs 275; ‘Buy’…
Company was cash surplus by FY22 end; ‘Neutral’ retained as valuation factors in earnings upside over the next two years
Strong traction in quarter, though value of new business (VNB) margin falls q-o-q; ‘Buy’ retained with target price of Rs…
Opex increased by 62% YoY as bank continues to invest in building the franchise. The C/I ration stood elevated t…
Given adequate levers, firm likely to meet guidance for FY23; ‘Buy’ retained with target price of Rs 630,
The investment will be in the form of compulsory convertible instruments, resulting in an ownership of 2.75-4.76% for BII in…
