In a report on February 18, Macquarie said: "Even if entire Vodafone exposure to the bank is written off and say 50 percent of Gems and Jewellery book and 50 percent of real-estate book are written off, the total impact on net-worth is Rs 8,000 crore (adjusted for tax) or 15 percent of FY22E net-worth. This implies an adjusted P/BV of 1.8 times which we believe is still reasonable." … [Read more...] about IndusInd Bank shares jump 4%; Macquarie remains positive on stock
Oil price jumps as opec keeps output steady
In China, the number of new cases have been on decline for past three days, though it is still too soon to say that the outbreak has peaked. According to data from China’s National Health Commission, new confirmed cases in the nation rose by 394 on February 19, the lowest since January 23; although this was after the nation once again changed its method for counting infections. … [Read more...] about Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
As of January end, such schemes had 25.42 lakh folios in 24 funds, compared to 24.97 lakh at the end of April 2019 in 21 such schemes. Retail investors are putting in around Rs 8,532 crore every month through SIPs and average of Rs 200 crore every month into such funds. … [Read more...] about Retirement funds AUM jumps 24.5% to Rs 10,425 cr in Apr-Jan
"We expect ROE to expand to 24.1 percent and RoCE to grow to 26.8 percent over FY19-21E. Meanwhile, revenue CAGR and EPS CAGR will be 21 percent and 49 percent, respectively, led by improved efficiency, better product portfolio and likely reduction in the net debt-equity ratio to 0.4x in FY21E from 0.8x in FY19," said Elara Capital in a report. … [Read more...] about After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
In October 2019, days before its listing on the bourses, IRCTC was commissioned to operate Tejas Express making it the country's first private train operator. And with the recent launch of Kashi Mahakal Express, IRCTC now has three trains in its fleet, a number expected to grow over the years. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?