While Nifty might be correcting from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to private banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Today s listing price was near the exchange-derived price of Rs 261.85 apiece on July 20. The listing date turned out to be sooner than what was being earlier expected in September.
"Most of the analysts underestimated the impact on margins of the entire merger process with HDFC. Many people were betting on some relaxations from the RBI which did not come. There are SLR, CRR requirements at a time when liquidity is actually tightening and HDFC Bank has a huge market share in the CASA deposits already. So, for them to increase it further is tough."
JFSL has been included in the Nifty50, BSE Sensex and other indices, and will remain at a constant price till the time the stock is listed independently. The stock will be removed from all indices T+3 days post its listing.