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Sunteck Realty reports 16% YoY growth, Q1FY24 pre-sales Rs 387 cr

Sunteck Realty s Q1 FY24 collections increased to Rs 288 crore from Rs 285 crore the previous year, focusing on real estate projects in Mumbai Metropolitan Region (MMR). ....

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SBI shares jumps to a new record high


By
siliconindia  |  Friday, 05 February 2021, 13:30 Hrs
India’s largest lender The State of India (SBI) witnessed its net profit decline 7% to Rs 5196 crores in the Financial Quarter that ended in December. However, net interest income rose to 4%. Shares of State Bank of India gained traction of as much as 10% touching an all-time high of Rs 390.6. The stock is up for the fifth straight day and has gained close to 40% during the previous Financial Quarter period.
SBI aims to report double-digit credit growth by the second quarter of the next fiscal, spurred by a revival in corporate credit demand.
Analysts have raised earnings estimates and target prices for State Bank of India, and expect a further rerating on account of its lower slippages, fall in credit costs and attractive valuations. Of the 48 analysts tracking SBI, 45 recommend a ‘buy’, while three suggest a ‘hold’. ....

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