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Nikita Vashisht is a business journalist tracking equity markets for Business Standard. She writes stories based on fundamental analysis of stocks of banking, aviation, FMCG, infrastructure, real estate, and new-age companies. Occasionally, she also writes on investment strategies for mutual fund investors. Nikita holds a degree in journalism, and business management, and is a certified fundamental and technical analyst for stocks and commodities.
Nikita Vashisht is a business journalist tracking equity markets for Business Standard. She writes stories based on fundamental analysis of stocks of banking, aviation, FMCG, infrastructure, real estate, and new-age companies. Occasionally, she also writes on investment strategies for mutual fund investors. Nikita holds a degree in journalism, and business management, and is a certified fundamental and technical analyst for stocks and commodities.
Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in Q4FY21
Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power
The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices
Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases
Ability to hold on to margins amid higher raw-material prices and restored salaries/wage cuts through cost control, order pipeline, and commentary on FY22 guidance among key monitorables
However, they remain positive on the sector's long-term growth story on the back of ramp-up in China's environmental inspections and specialty chemical players having a healthy margin of safety
HDFC has recommended a final dividend of Rs 23 per equity share
Given the strong results, analysts now believe that Tata Steel to report an even-better April to June quarter as steel prices continue to rise
Global brokerage HSBC has upgraded HDFC to 'Buy' given its dominant market position and execution capabilities which, the brokerage says, should allow it to continue gaining market share
Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic
Nomura has one of the most conservative estimates with standalone net profit seen at Rs 794 crore, up around 28 per cent YoY
Gross NPA ratio spiked to 4.25 per cent in March quarter from 1.68 per cent a year ago
Titan's operating margins contracted 210 basis points in Q4 to 10.9 per cent, as against 13 per cent a year ago
The gross non-performing assets (NPAs) spiked to 4.25 per cent of gross advances as of March 31, 2021, from 1.68 per cent in the same period last year
The Board of Directors has recommended a dividend of Rs 140 per equity share
Axis Bank on Tuesday reported gross non-performing assets (GNPAs) and net NPAs (NNPAs) of 3.7 per cent and 1.05 per cent in Q4FY21, down from 4.55 per cent and 1.19 per cent (pro forma) in Q3FY21
The Street is factoring-in a solid bottom line growth, with up to 261 per cent year-on-year gain in net profit
Systematic investment plans (SIPs) will be the preferred mode of portfolio building at this juncture, he said
HDFC Securities notes that Bajaj Finance reported muted performance primarily on account of higher employee expenses
BofA Securities has cut his positioning towards defensives by downgrading Staples to neutral weight and trimming their overweight positioning for the information technology sector