Broker’s call: IndusInd Bank (Buy)

[ad_1] Target: ₹1,995CMP: ₹1,445.85IndusInd Bank (IIB) reported a PAT of ₹2,350 crorein Q4-FY24, growing by 15 per cent y-o-y and 2.2 per cent q-o-q driven by lower credit cost. It was above than our estimate of ₹2,300 crore. NII grew...

Broker’s call: Macrotech Developers (Hold)

[ad_1] Target: ₹1,109CMP: ₹1,233.90Along expected lines, Macrotech Developers (Lodha) achieved strong Q4-FY24 sales bookings of ₹4,230 crore (up 40 per cent y-o-y).Hence, the company has achieved FY24 sales bookings of ₹14,500 crore, exactly in line with its FY24 sales booking...

Kerosene consumption falls sharply by 26 pc CAGR during FY14-23: Govt data

[ad_1] Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy.Also read: Thermal power is here to stayThe latest 'Energy Statistics India 2024' of...

Broker’s call: NAM India (Buy)

[ad_1] Target: ₹610CMP: ₹493.75We initiate coverage on Nippon Life Asset Management Co (NAM India) with ‘BUY’ rating given: consistent equity outperformance translating to improved net flows and in-turn market share gains; focus on stronger investment process and risk management; and...