Fri, Nov 15, 2024 3:50 PM
NTPC Green Energy IPO: Are you eligible to apply under shareholder quota?
A Flip by Shubhangi Gupta
State Bank of India (SBI) has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. The tenures for which the interest rates have risen are three months, six months and one year. The bank now charges 8.55 percent on its 3-month tenure instead of 8.5 percent, 8.9 percent instead of 8.85 percent and 9 percent instead of 8.95 percent.
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KR Choksey's research report on Fineotex Chemicals: Fineotex Chemicals reported Q2 revenue of INR 1,457 Mn, up 2% QoQ, with flat YoY growth; PAT rose 9% YoY to INR 321 Mn, aided by Other Income. The stock is valued at 23x FY25E and 16x FY26E EPS; despite revising EPS estimates downward, KR Choksey maintains a "BUY" rating with a target price of INR 476/share.
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Eicher Motors' 2QFY25 operating performance fell short of estimates, with margins contracting 90bp YoY to 25.5% due to higher expenses. Management will focus on demand generation, sacrificing margins. Motilal Oswal has tweaked estimates, reiterating a "Sell" rating with a TP of INR 4,000, citing slower earnings growth and premium valuations.
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