The Indian banking sector performance was led by stronger than-expected credit growth after years of a lackluster performance, sharp margin uptick benefiting from the rate cycle
On a month-on-month (MoM) basis, prices rose by 2-3% in the East and South, and about one per cent in the West; while declining 1-2% in the northern and central regions, the report said
Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins
They turn cautious and prefer defensive bets
"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa
Analysts at Emkay Global Financial Services believe improving inflow and lower raw-material cost will imply better earnings for KPTL in the coming times.
SBI Q1: Projections on the quantum of decline in net profit vary widely across brokerages as they see a sequential slide anywhere between 7 per cent and 51 per cent
According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially
Emkay Global Financial Services, a leading domestic brokerage has initiated coverage on the stock with a 'hold' rating with a target price of Rs 875
It had nearly trebled the net income in the March quarter on the back of robust margin growth from new sales
It holds that the strong political outcome for the BJP implies space for policy continuity ahead
Sharp gains in stock prices leave little upsides in the near term
With products less discretionary and seasonal in nature, company's growth could see faster recovery, say analysts
The net profit came down 33 per cent to Rs 246 crore, lower than Street expectations. Emkay Global had expected a 3 per cent dip in profit for the quarter.
We see the merger of public sector banks as a step in the right direction, says Prakash Kacholia
Krishna Kumar Karwa says a pick-up in the earnings momentum will ensure that anyone investing in the markets from a two-three year perspective will not be disappointed
Here are some of the top stock ideas from Emkay Global