"While corporate loan growth is strong and driving overall loan growth, retail loan growth remains skewed in favour of unsecured products. Asset quality has deteriorated as the bank reported higher slippages from lumpy accounts and the agri segment. However, provisioning buffers should enable a steady earnings trajectory," said the brokerage, which estimated loan book/PAT CAGR at 19/25 percent over FY19-22, led by continued improvement in operating leverage, higher fee income and stable margins. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
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?
"Budget this year will be one of the most critical ones in many years. Its objective will be to drive up consumption and investment spending. We expect the Budget to have large-scale measures on both the fronts," said Raghvendra Nath, Managing Director at Ladderup Wealth Management.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Corporate tax cut cheer: 40 NSE stocks gain 30-108% since Sept 2019
The Budget expectations are high and varied, with many sectors seeking support to bolster business and consumer confidence. On the other hand, the government is fiscally constrained, hemmed in by comparatively lower tax revenues. But the challenge to turn around the economy remains. In this scenario, we expect the finance minister to loosen the purse strings a little, at the cost of expanding the fiscal deficit by 0.3-0.5 percent, and lend a hand to all sections of the economy, including traders and investors. … [Read more...] about Stocks want to fly higher. Budget 2020 can just lend a hand
Lupin share price dips 4% after USFDA issues observations for Vizag facility Bharti Airtel share price hits 52-week high, on course to extend gains into third session in a row D-Street Buzz: TCS shed 2% post Q3 results, IOC at 15-month low, Power Grid jumps 3% … [Read more...] about What should investors do with Wipro stock post Q3: buy, sell or hold?