India Macro Indicators share price target

Whenever a new licensing guideline is issued, if new rules are more relaxed, benefit should be given to existing banks, immediately. If new rules are tougher, earlier licensees should transition to new guidelines but the transition path should be finalized in consultation with earlier licensees to ensure compliance in non-disruptive manner. View: This means if the NoFHC structure attains tax neutral status, any adherence to the NoFHC norm from earlier licensees such as SBI, and Kotak Mahindra Bank would be non-disruptive in nature....

Winds of Change?

(Q2FY22) was encouraging with both topline (up 10.8% QoQ) and bottomline (up 12.5% QoQ) witnessing double digit sequential growth . This was amid state specific unlocking, decline in Covid incidence panIndia, increased pace of vaccination and consequent pick-up in economic activity. The performance on a YoY basis looks rather robust (sales, PAT up 34%, 41% YoY, respectively) despite element of pent up demand in the base quarter primarily tracking higher commodity prices in the oil & gas and metals domain. On the operating profit fron t, th e sequential growth was limited to just 2.6% amid ~140 bps declin e in...

CPI inflation for October rose marginally to 4.5% compared to 4.3% in September 2021. The increase was led by higher inflation in fruits, sugar, fuel and light and transport & communication. Oil & fats...

In-line inflation but industrial activity remains slack

Indian market closed positive during the week. Nifty and Sensex up this week by 1.04% and 1.03% respectively.

Rebound complete, on to recovery?