IndusInd Bank share price rose 1 percent in the morning trade on December 16 after research house Nomura maintained a buy and raised the target to Rs 1,750 from Rs 1,575 per share.Nomura said the asset side strength should offset its weakness of liabilities and expect ROEs at 18-19% over FY21-22.The current valuation at 2.1x Dec-21 book seems reasonable to us, it said.Close Credit Suisse has maintained outperform with a target at Rs 1,800 per share. related news Ramco System share price jumps 9% on contract from China Aircraft Services Indoco Remedies gets UK health regulator nod for Goa facility; share price gains 6% Eris Lifesciences share price gains 5% on buyback tax relief It expect ROEs to improve to 20% in FY21.The company is confident on the healthy medium-term growth outlook and aims to double the non-vehicle retail book over three years, Credit Suisse said.At 1109 hours, IndusInd Bank was quoting at Rs 1,498.30, up Rs 11.35, or 0.76 percent, on the BSE.The … [Read more...] about IndusInd Bank share price gains as Nomura raises target
The sustained inflow of foreign funds is one of the biggest factors to have helped the Indian market trade near all-time high levels recently despite the prevailing weakness in the Indian economy.Data shows that foreign portfolio investors (FPIs) have been net buyers for straight three months, with November witnessing $3.14 billion inflows against $2.2 billion the previous month.On the sectoral front, banks witnessed a strong revival in the foreign fund flow. Non-banking financial companies (NBFCs) and telecom have of late seen funds flow in after continuous sell-offs in previous months, a report from brokerage firm ICICI Direct shows.Close A consistent inflow was seen in insurance and media space, whereas technology, pharma and transportation space saw continuous selling. related news Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020 D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Voltas share … [Read more...] about FPIs bet big on banks in November; is the sector gearing up for growth?
Unlike most Chinese smartphone maker who provides excellent hardware at affordable prices at the expense of software, Umidigi is taking a different route. The Shenzhen-based smartphone manufacturer is offering a very-affordable phone with stock Android.The new Umidigi A3S features a promotional price of $59.99 (Approximately Rs 4,300). The A3S runs on stock Android 10 out of the box. The phone will be available on December 9 through AliExpress. It’s worth noting that $60 is a promotional price and the phone will retail for $80 (Approx. Rs 5,800) in the long term.The A3S packs a quad-core MediaTek Helio A22 SoC, which may not be that fast, but is built on the 12nm processor that will offer slight power efficiency gains at this price point. Additionally, the phone also features a 3,950 mAh battery that’s pretty good at this price range. The micro-USB port can be used for charging the device.Close Despite its low cost, the A3S manages dual cameras on the back as well as a … [Read more...] about This smartphone offers a stock Android 10 experience under Rs 5,000