However, considering recent rally in the stock price which has made valuations fair, we downgrade it to HOLD from Add.
Analysts and developers said the move will adversely impact demand in an already subdued market.
Overall, asset quality remains uncertain, and we estimate credit costs to remain elevated at 5.5% of loans for FY22 (similar…
The bank’s total income was slightly lower at Rs 1,596 crore in the quarter under review as compared to Rs…
The company’s low leverage position has enabled it to undertake a Rs 25,000 crore capacity expansion by 2025, which will…
That brings us to a place where we paid out Rs 2,250 crore since listing. We are happy, particularly given…
Oils like mustard, groundnut or palm, consumed domestically, and commercially used soybean and sunflower oils have seen a sharp rise…
“Our net debt to AUM as of June 30, 2021, stood at around 58%, which is well below the 70%…
63 Moons, which holds non-convertible debentures (NCDs) worth over Rs 200 crore issued by DHFL, has challenged the NCLAT’s judgment…
The company’s revenue went up 22.9% year-on-year (y-o-y) to Rs 1,079 crore, the highest quarterly revenue ever recorded by the…
During the year, sales of HPCL’s petroleum products increased 15.9% annually to 8.8 million tonne (MT). Petrol sales recorded growth…
The round also saw Dragoneer Investment Group and Steadfast Capital joining the firm’s captable.
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