Phase 7 mohali hdfc bank

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on RBL Bank RBL Bank (RBK) reported an in-line quarter with net earnings up 27% QoQ to INR1.98b (+163% YoY) supported by healthy NII as NIM expanded 70bp QoQ along with controlled provisions. Business trends were modest with the loan book growing 3% QoQ, while the deposit book rose 7% QoQ. C/I ratio remained elevated at 60% on higher business expenses. Fresh slippages dipped 19% QoQ to INR6.2b - largely from the Retail portfolio (Credit Cards/MFI). GNPA/NNPA ratio improved 44bp/51bp QoQ to 4.40%/1.34%, respectively. We cut our FY23E/FY24E earnings by 10%/7% as we conservatively built in higher credit cost and opex, and await clarity on the appointment of the MD and CEO. Outlook We expect RBK to deliver an FY24E RoA/RoE of 1.2%/10.3%, … [Read more...] about Buy RBL Bank; target of Rs 160: Motilal Oswal

- A + A LONDON (May 15): Bitcoin staged a modest recovery to trade just below US$30,000, extending a period of relative market calm after the collapse of a closely watched stablecoin roiled digital assets in the past week. The largest cryptocurrency advanced 1.1% to US$29,670 at 10.40am in London. Ether, the second-biggest token, rose 1.9% while coins like Avalanche and Cardano posted larger gains. Bitcoin dipped to a low of US$25,425 on Thursday after the TerraUSD algorithmic stablecoin unravelled, throwing the entire ecoystem that supports it into disarray. At its height, the market panic engulfed the US$76 billion stablecoin Tether, a key cog in crypto assets that briefly dipped from its dollar peg. "We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing," Changpeng Zhao, chief executive officer of crypto exchange … [Read more...] about Bitcoin trades below US$30,000 as markets digest TerraUSD fallout

Representative image The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to curb inflation and investors have bought dollars as a haven amid economic uncertainty. A rising currency should help the Fed cool prices and support American demand for goods from abroad, but it also threatens to drive up the import prices of foreign economies, further fueling their inflation rates, and sap them of capital. That’s especially worrying for emerging economies, which are being forced to either allow their currencies to weaken, intervene to cushion their slide, or raise their own interest rates in a bid to buttress their foreign exchange levels. ALSO READ: The Dollar … [Read more...] about Dollar’s strength pushes world economy deeper into slowdown

Representative image After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close. On Thursday, the rupee plunged 25 paise to close at its lifetime low of 77.50 against the US currency. Forex traders said the Indian Rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the Indian central bank next month due to rising domestic inflation. India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to … [Read more...] about Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD

Representative image ICICI Direct's currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation environment of slow growth and high prices. On top of its Russia unveiled a set of sanctions on energy companies operating on the continent threating supply • Euro is expected to trade with negative bias on the back of strong dollar, expectation of disappointing economic data from euro area and gloomy global market sentiments. Market sentiments are hurt on worries over repercussion of ongoing war in Ukraine and strict lock down in China. Further, market fears that major central banks efforts to bring inflation under control will hamper economic growth. Additionally, ECB is likely to raise interest rates gradually not at the same pace as US Fed. EURINR (May) is expected to trade in a range of 80.45-80.90. Intra-day strategy EURINR May futures … [Read more...] about Sell EURINR; target of : 80.45 : ICICI Direct

Representative image Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and moved in a range of 77.36 to 77.63 in the day trade. The rupee finally ended at 77.40, down by 15 paise over its previous close. The rupee had settled at 77.25 against the US dollar on Wednesday. On May 9, the … [Read more...] about Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar

Prime Minister Narendra Modi (Image: ANI) With the Indian rupee hitting an all-time low and the country's forex reserve on the decline, the TMC on Friday slammed the Centre for alleged financial mismanagement, stating that Prime Minister Narendra Modi should take steps to recover the economic situation or step down. TMC national spokesperson Sukhendu Sekhar Ray said the BJP government's slogan Sabka Sath, Sabka Vikas' (Taking along everyone, Development for all) has turned into Sabka Sath, Sabka Sarwanash', (Taking along everyone, debacle for all). The BJP was quick to hit back, accusing the TMC of pushing West Bengal into a "debt trap". Talking to reporters, Ray said, "The country has never witnessed such a situation since Independence. It seems the country is heading towards economic bankruptcy due to the flawed policies of the BJP government. It is a result of financial mismanagement. The rupee pared its initial gains and settled 5 paise lower at its fresh lifetime low of … [Read more...] about PM should step down if he can’t ensure country’s economic recovery, says TMC

Prime Minister Narendra Modi (File image) Targeting previous Congress governments, Prime Minister Narendra Modi on Friday said the Information Technology revolution could not be encashed earlier as the youth were not given encouragement, and an entire decade was wasted due to scams and policy paralysis. Because of the well thought out strategy of his government, the number of start-ups in India increased from 300-400 in 2014 to 70,000 in eight years, and now every eight or ten days a start-up turns into a unicorn by achieving valuation of more than Rs 7,000 crore, he said. The prime minister was virtually addressing new entrepreneurs after launching the Madhya Pradesh government's new start-up policy and an action plan. The prime minister was virtually addressing new entrepreneurs after launching the Madhya Pradesh government's new start-up policy and an action plan. When our government came in 2014, the number of start-ups in the country was 300 to 400, and the talk about … [Read more...] about PM Modi blames previous regimes for not encashing IT revolution, says start-ups grew exponentially post-2014

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Petronet LNG PLNG reported a beat in absolute terms, even as operational numbers were below our 4QFY22 estimates. Throughput at Dahej stood at 80%, with a utilization of ~19% at Kochi. The company recorded 'use or pay charges' of INR832m in 4QFY22. It has been given a credit note of INR1,781m with respect to lower regasification tariff for the Kochi terminal with its customers. Since the latter have now committed additional volumes, the tariff has been revised accordingly. Despite the challenges, we remain confident that PLNG will see a utilization of 105%/30% in FY23E. Spot LNG prices fell to USD24.5/mmBtu in Apr'22 v/s USD29.4/mmBtu in 3QFY22 and USD35.4/mmBtu in Mar'22 Kochi tariff has been cut to INR70/mmBtu (from INR79/mmBtu) from Apr'19. The company … [Read more...] about Buy Petronet LNG; target of Rs 300: Motilal Oswal

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gujarat State Petronet Gujarat State Petronet (GUJS) reported absolute numbers in line with our estimates, with volumes at 29.3mmscmd (-14% YoY, -8% QoQ) in 4QFY22. We remain optimistic on the volume growth for the company as long-term growth is expected from CGDs and the Fertilizer and Refining sectors. After remaining stagnant at ~70mmscmd for the past five years, domestic gas available for commercial consumption has risen to ~80mmscmd in the past few months. Domestic gas production would get a further boost, primarily from RIL (+12mmscmd) and ONGC (+10mmscmd) in the KG Basin. Phase I of the Mehsana-Bhatinda pipeline has already become cash flow profitable. Phase II is expected to be commissioned by early FY23, following which the total volumes should … [Read more...] about Buy Gujarat State Petronet; target of Rs 391: Motilal Oswal