#CNBCTV18Market | Citi gives buy call on Federal Bank, raises target to Rs 165/sh, says strong, in-line Q3; NIM headwinds likely to materialise from FY24
#CNBCTV18Market | Overweight rating, target raised to Rs 175/Sh, raise EPS estimates by 5-12% in FY23/24. NII growth was a big surprise led by a higher margin, MS on Federal Bank
#CNBCTV18Market | Stock is a preferred pick amongst midcap banks, robust NII & controlled provisions drive earnings. Raise estimates by 5-7% as build-in higher margin & provisions, Motilal Oswal on Federal Bank
#CNBCTV18Market | Jefferies gives a buy rating on Reliance, says govt approved the Green Hydrogen Mission. Phase 1 will focus on existing hydrogen users & electrolyser capacity creation. Phase 2 will focus on new customer industries
#CNBCTV18Market | Expect market conditions to incrementally improve from Q4 challenges , complement co-specific triggers likely to play out in H1FY23, Morgan Stanley on Tata Chemicals
#CNBCTV18Market | Macquarie believes impact of migration to ECL may be felt in FY26 accounts and banks will have to start preparing in FY25 to raise capital. It adds, private sector banks are better placed than PSUs for ECL provisioning
#CNBCTV18Market | MS expects potential impact of ECL framework to be manageable based on current asset quality expectations. MS too believes, large pvt banks are better placed given higher floating/contingency provisions
#CNBCTV18Market | CLSA says pvt bks have high levels of NPA coverage & contingency buffers which should make the migration to ECL smooth with a limited P&L impact. PSUs have no/low contingency buffers but they may use low credit cost cycle currently to build a contingency buffer
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