In the last five sessions, shares of Eicher Motors, which produces these motorcycles, have fallen nearly 9 per cent. The company recorded a superlative sales growth in the first few years of the last decade, thanks to new designs, product launches and the rising purchasing power of the middle class.
Analysts said the regional bank s recovery story has got delayed a bit. They believe higher slippages and a weak coverage ratio suggest s provisions could be higher in the next couple of quarters, which would constrain earnings.
The four – namely Indian Energy Exchange, Indiabulls Real Estate, Dixon Technologies, and Just Dial – have climbed 50-85 per cent so far in Calendar 2021, thanks to a 572-896 basis points hike in holdings by small investors in the two quarters to June 30 ( i.e. the first six months of the calendar), data suggests.
Amid asset quality woes, FPIs pull out nearly ₹11,000 crore from financials in July thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Nomura, Kotak Institutional Equities, HSBC, Edelweiss, CLSA, Centrum, Emkay Global and HDFC Securities maintained buy ratings on SBI and raised target prices from 2-23%.