With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will transition from a small-finance bank to a Universal bank that can lower funding cost, lift fees and strengthen brand to aid growth. Over FY26-29, strong deposit growth will aid credit growth of 22% CAGR and 29% in PPP (ex-treasury), highest in its coverage.
Shares of Jio Financial Services gained over 3% to Rs 263 on the BSE on Thursday after the company announced that Bank of America will acquire a 49.9% stake in Jio Credit, a wholly owned non-bank lending arm of the company, in a Rs 18,268 crore joint venture deal. Under the transaction, the American banking…
Building a ₹5 crore corpus may seem like a distant retirement goal at first, but it is achievable through consistency and the power of compounding. If you are wondering how much money you should invest every month in just mutual funds to achieve this figure, the answer actually depends on when you start. A 25-year-old…
In India, adding a family member’s name to a property title is a common practice. Whether it is a husband adding his wife, a parent including their child, or even a close friend stepping in as a joint owner, the financial dynamics are often one-sided. Often, the primary owner pays the entire purchase amount, while…
Indian IT stocks surged again on Wednesday, with Infosys, TCS, HCL Tech, Wipro, Coforge and Tech Mahindra gaining up to 5% as a sharp selloff in semiconductor stocks intensified amid growing investor concerns over Big Tech’s massive AI spending. TCS shares gained 3.2% to Rs 2,476 on the BSE, while Infosys rallied 4.1% to Rs…
MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy. The scrip, which was flat for most of the session, shot…
cmp: Rs 1,135.70 target price: Rs 1,246 Prabhudas Lilladher has a ���reduce��� rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term. ���While we expect Infosys to perform better than most other players in the industry, we rate the stock ���reduce��� with…