Bandhan Bank witness deep cuts in price targets
Thu, May 13, 2021 11:13 AM

Bandhan Bank witness deep cuts in price targets

A Flip by Flipitnews
Get it on Google Play
Bandhan Bank’s weak quarterly earnings triggered further de-rating of the stock, with analysts slashing up to 33% of their earnings estimates for FY22 and FY23, as they feel the bank is not fully prepared for the Covid second wave. Brokerages said Bandhan’s weak asset quality and high credit cost have been an outcome of external circumstances, and not because of its underwriting practices.

More great flips

Petroleum products exports drop 15% in March on weak margins

Petroleum products exports drop 15% in March on weak margins

India’s exports of refined oil products that have started to stabilize last month after a drastic decline in the beginning of 2024 have once again witnessed a downfall in March on the back of weakening export margins, as per latest ship-tracking data. The country exported a total of 1.28 million barrels per day of refined oil products in March, down 12.5% from the previous month.

Open Flip
GOCL Corp hits upper circuit after Rs 3,402-cr land deal

GOCL Corp hits upper circuit after Rs 3,402-cr land deal

Shares of GOCL Corporation, a Hinduja Group firm, hit the 20% upper circuit at Rs 453.35, a day after it said it has signed an agreement with Hyderabad-based developer to monetise 264.5 acre land in Kukatpally, Hyderabad. The company will get Rs 3,402 crore from the deal. Late on Wednesday, GOCL said it has signed a memorandum of understanding with Squarespace Builders to monetise the land.

Open Flip
Govt updates list of banks authorised to import gold, silver during FY25

Govt updates list of banks authorised to import gold, silver during FY25

The government on Thursday updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from April 1. The authorisation will be valid up to March 31 next year. "List of banks authorised to import gold/silver.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon