09 May 2024
Punjab National Bank
Sharekhan
103.95
140.00
122.15
(-14.90%)
Buy
Broker Report
? Earnings were marginally above estimates in Q4FY24 mainly led by lower provisions. Core credit cost stood at 0.85% annualised versus 1.3% q-o-q.
07 May 2024
Indian Bank
Emkay
650.85
650.00
517.55
(25.76%)
Buy
Broker Report
Indian Bank yet again posted a strong all-around performance, delivering inline PAT at Rs22.5bn/1.2% RoA, on the back of healthy margins (up by 4bps QoQ to 3.44%) and steady improvement in asset quality, with GNPA ratio down to 4%/NNPA to industry-low of 0.4%.
15 Mar 2024
Punjab National Bank
Sharekhan
Target
103.95
140.00
120.00
(-13.38%)
Target met
Buy
04 Mar 2024
Union Bank
ICICI Direct
130.98
180.00
148.85
(-12.01%)
Buy
29 Feb 2024
State Bank
Sharekhan
Target
804.30
915.00
769.15
(4.57%)
Buy
08 Feb 2024
Union Bank
Motilal Oswal
130.98
165.00
149.45
(-12.36%)
Target met
Buy
07 Feb 2024
State Bank
ICICI Direct
Target
804.30
800.00
675.25
(19.11%)
Target met
Buy
06 Feb 2024
State Bank
BOB Capital Markets Ltd.
804.30
842.00
650.25
(23.69%)
Target met
Buy
Broker Report
Monthly Economic Buffet: Economic Round-up January 2024. SBIN: Pension one-off hurts profitability. JSTL: Progressing on expansion but valuations fair. ACEM: Healthy quarter, sustainability key; retain HOLD. ALPM: Healthy quarter; PAT beat on low tax rate. CPBI: Margin stress across segments. VSTT: Poor demand dampens performance
05 Feb 2024
State Bank
Axis Direct
Target
804.30
800.00
642.95
(25.10%)
Target met
Buy
Broker Report
We maintain our BUY recommendation on the stock.
05 Feb 2024
State Bank
BOB Capital Markets Ltd.
Target
804.30
842.00
650.25
(23.69%)
Target met
Buy
Broker Report
Strong business growth in Q3 but one-off pension and ex-gratia provision of Rs 71bn saw net profit drop 36% YoY