Fri, Feb 16, 2024 10:10 AM
Q3 review: Banks cash in on robust loan demand but margin woes weigh
A Flip by Shubhangi Gupta
Sharekhan's research report on L&T Finance Holdings. L&T Finance Holdings Limited’s (LTFH) core retail business performance remained strong, capitalising on strong macros, driven by healthy retail assets growth, better margins, and lower credit cost. The wholesale business continued to run down, in line with its stated strategy. Net interest income (NII) grew 13% y-o-y/2% q-o-q.
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Shares of InterGlobe Aviation, which runs IndiGo Airlines, rose 3% to an all-time high of Rs 4,098.45 on BSE in Thursday’s trade after the company placed an order for 30 Firm A350-900 aircraft. Meanwhile, domestic brokerage Kotak Institutional Equities increased the target price of IndiGo to Rs 4,700, signalling an upside potential of 15.5%.“IndiGo’s wide-body aircraft order.
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📈 Domestic benchmark indices closed on a flat note on 02, May 2024 📢 At 3:30 PM, the Sensex gained 128.33 points or 0.17% at 74,611.11, and the Nifty was higher by 43.35 points or 0.19% at 22,648.20. 📊Among sectoral, Nifty Auto(⬆️1.13%) turned out to be the best performer while Nifty Bank(⬇️0.34%) saw considerable selling.
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