Fri, Sep 18, 2020 4:16 PM
Rupee settles 21 paise higher at 73.45 against US dollar
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Kotak Mahindra Bank share price plunged over 9% on Thursday after the Reserve Bank of India’s punitive actions against it. RBI on Wednesday directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect. The central bank has barred the private sector lender from new issuances.
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These stocks are expected to return between 16% and 24% as per analysts’ price targets. 📌Rallis India BROKERAGE: HAITONG Price Target: Rs 327 CMP: Rs 265.3 Upside: 23.4%, 📌Shriram Finance BROKERAGE: MOTILAL OSWAL Price Target: Rs 2,900 CMP: Rs 2,460.8 Upside: 17.8%, 📌Thomas Cook BROKERAGE: B&K SECURITIES Price Target: Rs 250 CMP: Rs 215.5 Upside: 16%.
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Macrotech Developers has reported a dip of 10.61 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 667 crore in Q4 FY24 as against Rs 746.20 crore it registered in the corrresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 4,083.90 crore.
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