CS initiates coverage on AU Bank; CLSA bearish on Maruti Suzuki Another overseas brokerage firm CSLA maintained 'sell' rating on Maruti Suzuki. It has given a target of Rs 7,053 on the counter, hinting at a 17 per cent slide in the largest carmaker in the country.
Sensex, Nifty take a breather after 4-day gains; AU SFB tanks 7% US consumer confidence fell sharply in June, following a decline in May, as concerns over high inflation left US consumers anticipating weaker economic growth in the second half of the year, the US Conference Board said overnight.
Time for caution on bank stocks: BNP Paribas However, asset quality stress has peaked out and banks have adequate provisioning, which should support an 'eventual' spurt in credit growth, said the brokerage. BNP Paribas' top picks are HDFC Bank followed by ICICI Bank and Axis Bank. It also has 'buy' ratings on State Bank of India, and AU Small Finance Bank.
Key holdings of 5 top performing midcap funds log up to 21% returns. Do you own any? Ruchi Soya has fallen 2 per cent in the last one year in line with the BSE Midcap's 3 per cent slide. The Indian Hotels Company has rallied 59 per cent in the last one year, Canara Bank has risen 21 per cent, Tata Communications has fallen 28 per cent while shares of Container Corporation of India have declined 11 per cent in the past one year.
AU Small Finance Bank launches customisable credit card The AU Bank 'LIT' (Live-It-Today) Credit Card, offers a unique value proposition to cardholders – to choose the features they want and for the time period they want.
Buy AU Small Finance Bank; target of Rs 810: Sharekhan Sharekhan is bullish on AU Small Finance Bank has recommended buy rating on the stock with a target price of Rs 810 in its research report dated June 20, 2022.
Saurabh Mukherjea exits this underperforming HDFC Group stock “Owing to the reduction in our expected long-term earnings growth forecast for HDFC AMC, our position sizing framework has suggested an exit from the stock,” Marcellus said.
Nifty Bank in bear hug! What’s hurting lenders despite robust Q4 performance? Asutosh Mishra, Head Of Research, Institutional Equity, Ashika Group said that banking counters have been reeling under the pressure due to change in view of global investors towards equity in general and India, particularly.