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Thread: Market heading with no resistance

  1. #1

    Market heading with no resistance

    GST Bill found no resistance in Lower house as well. RBI policy was delivered as what had expected by the street. RBI governor Mr. Raghuram Rajan was clear with his thoughts while delivering his last policy. Targeting inflation could be the focus for RBI in the future as well. GDP numbers are looking much stable. Quarter results were under control as of now. Banks are disturbing the result equations but investors are taking it as buying opportunity.

    Saddled with rising bad loans, five public sector banks, including Bank of India, Dena Bank and Central Bank of India, today posted a combined loss of Rs 2,564 crore for the first quarter ended June. Meanwhile, the country's largest lender SBI witnessed a 78 per cent drop in consolidated profit to Rs 1,046 crore against Rs 4,714 crore profit in the same quarter a year ago. Oriental Bank of Commerce (OBC) too reported 61 per cent decline in net profit at Rs 100.69 crore as against Rs 257.84 crore in the corresponding April-June quarter of 2015-16. Leading the pack, Bank of India reported a loss of Rs 741.3 crore as provisions for bad loans nearly doubled. Provisions and contingencies nearly doubled to Rs 277 crore as against Rs 151 crore in the year-ago period. As on June 30, the bank's gross non-performing assets (NPAs) increased to 13.38 per cent of advances as against 6.80 per cent in the corresponding quarter of last fiscal.

  2. #2
    RBL Bank's IPO oversubscribed 3 times on Day 2

    In recent times, investors are more tending towards IPOs. As in recent past time, IPOs have delivered much better at the time of listing and counting better. RBL is one of those which is looking much stable and already over subscribed. As far as fundamentals are concerned, stock is fairly valued. Big names are associated with the IPO as well which is attracting more investors. The valuation is decent and investors are again expecting better returns at the time of listing. Stock could be better with 12 months holding as well.

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    In recent times, investors are more tending towards IPOs. As in recent past time, IPOs have delivered much better at the time of listing and counting better. RBL is one of those which is looking much stable and already over subscribed. As far as fundamentals are concerned, stock is fairly valued. Big names are associated with the IPO as well which is attracting more investors. The valuation is decent and investors are again expecting better returns at the time of listing. Stock could be better with 12 months holding as well.

  3. #3
    Market to pressure buying on dips :

    #Nivezareview on StockTips : Finally the most awaited suspense of RBI Governor has been ended. Mr.Urjit R Patel, who will take over from Raghuram Rajan as RBI Governor early next month is no stranger to Mint Street, having spent over three-and-a-half years as deputy governor. Said to be a man of few words, the 52-year old Patel is known for his tough stance on inflation and has worked with the International Monetary Fund (IMF) and the finance ministry in the past, besides stints in the private sector as well. The street is expected to take this in a positive manner as Mr. Urjit Patel was close person to Mr. Raghuram rajan.

    Visit@ Stock Market Tips

  4. #4
    DLF Q1 net seen up 19% at Rs 144 cr, sales slowdown likely :

    #Nivezareview on #DLF #stock :
    Stock is marginally over valued at current levels. During last quarter, there was another slow down in the sales for the company which can have impact on the revenues and ultimately the bottom line of the financial statement. Order book is marginally dried here. Company is much concerned about the inflows of the new orders. Long term story could be better but some turn around is needed.For more info Visit@ Stock Market Tips

  5. #5
    GMDC rallies11% to hit 52-week high on spurt in Q1 net profit ::

    GMDC is highly undervalued stock at current levels as well. Top line is growing with better pace and so the bottom line. The most important point to look at as far as experts are concerned is debt. Company is debt free. Margins are improving quarter after quarter. Valuation is much attractive compared to peers. Long term story could be intact.

    For more info Visit@ India's Top Stock Investors





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