Federal Bank shares in focus post Q2 results. Should you buy, sell, or hold?
Private sector lender Federal Bank shares will be in focus on Tuesday after the bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. Federal Bank said in a regulatory filing that its total…
READ MORE
Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of rate-sensitive stocks – banks and NFBCs – rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to ‘neutral’ from ‘withdrawal of accommodation’ earlier. Led by gains in financials, the Sensex also jumped 500 points. The change in stance is being seen as a step…
READ MORE
These 7 bank stocks can give 22-48% returns in 1 year, according to analysts
Synopsis In any volatility which is caused by global factors, it is the banking stocks which bear the brunt of selling, the reason is simple, FII will sell what they own and it is the banking sector where they have the highest exposure. But as soon as that selling is over and the money starts…
READ MORE
PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather than a runaway rally. Hereβs why! Barring State Bank of India (SBI), which…
READ MORE
bank stocks: Contrarian investment in volatile markets: These 5 bank stocks can give 23-49% returns in 1 year, according to analysts
Synopsis Banks have been leading the correction but it is more due to technical reasons, which is the over ownership of FPI in this segment. But if things are improving on the fundamental side, which in majority is the case, then probably it is time to consider a contrarian investment or even a trade. Check…
READ MORE