Axis Top Picks April 2022
Commodities and IT sectors are the biggest winners of FY22. In the last one year, the Metals sector has gone up 53%, Energy by 40%, commodities by...
220 Views
St Bk of India: Performance On-Track with Strong Visibility; Maintain BUY
We maintain a BUY on the stock with a revised target price of Rs 720/share (SOTP basis core book at 1.3x FY24E and subsidiaries at Rs 211).
187 Views
PPOP conversion to PAT gaining traction; asset quality resilient
SBIN has demonstrated a strong improvement in asset quality, with GNPAs declining by 43% over the past three years, while PCR increased to 68%...
147 Views
State Bank of India: Stable Performance in Challenging Times
We believe normalization in credit costs and improved growth outlook should lead to double-digit ROEs of 13-15% by FY22-23E. We maintain Buy on the...
272 Views
SBIN: net interest income as well as non interest income, while bank has improved cost to income ...
net interest income as well as non interest income, while bank has improved cost to income ratio. Bank has posted robust improvement in asset...
245 Views