But slippages shot up 43.8 percent sequentially to Rs 5,339 crore due to lumpy corporate and stress in agri segment, with provision coverage ratio declining 300bps QoQ to 66.7 percent in the December quarter. Hence, the credit cost was the highest in last eight quarters. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
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The mobilisation of domestic resources for infrastructure would require special attention in addition to incentives for overseas investors too, mainly because of the peculiar nature of these projects, where the fruition lag is very large and the returns may be relatively smaller. It may be worthwhile issuing special instruments to raise funds for these projects. … [Read more...] about Budget 2020: ‘Market may have already priced in a fiscal slippage of 30 bps’
HCL Technologies share price rallied more than 3 percent to hit a record high of Rs 618.90 on January 20 after company reported slightly better than expected revenue and margin in Q3 with revision of lower end of full year guidance, but the stock wiped out those gains to trade lower followed weakness in equity market. … [Read more...] about HCL Technologies raises FY20 revenue guidance; what should investors do with stock?
"The On-Time Recovery (OTR) in Assam has already improved to 94 percent from a low of 78 percent. The bank claims it had limited impact on asset quality from such events in past but remains vigilant and has prudently provided Rs 200 crore versus outstanding 30DPD+ portfolio of Rs 230 crore in Assam," Emkay said. … [Read more...] about Bandhan Bank Q3 earnings miss expectations; should you buy, sell or hold?
Spencer's Retail share price climbs 11% after Radhakishan Damani picks stake in December quarter D-Street Buzz: Telecom stocks surge up to 16%; Vodafone Idea top gainer in sectoral index Hindustan Zinc share price fell over 2% after Q3 show; here's what brokerages say … [Read more...] about Federal Bank shares climb 3% after Q3 show; here’s what top brokerages say