Tag: trillion

Shares of State Bank of India on Wednesday became the third lender after HDFC Bank and ICICI Bank. and the seventh Indian company to cross the Rs 5-trillion market cap for the first time after its shares rallied over 22 percent and touched a record high of Rs 564.45 so far this year. Market watchers believe that SBI should deliver healthy core-PPOP (Pre-Provision Operating Profit) growth in FY23E and FY24E led by a gradual improvement in net interest margins, lower credit costs, and strong loan growth over FY22-24E. According to stock market experts, SBI shares are in an ‘uptrend’ and the stock has a strong support base at ₹530 per share levels. They said that those who have this PSU bank stock in their portfolio should continue to hold the stock for an immediate target of ₹600 apiece levels. Read more

Shares of Bajaj Finserv hit a new high of Rs 18,702 as they rallied 6 percent on the BSE in Thursday’s intra-day trade on the back of heavy volumes. Bajaj Finserv shares have given multi-bagger returns in 2021 so far as it is up more than 100% this year. The holding company for the various financial services businesses of the Bajaj Group is set to join elite list companies that have a market capitalization of Rs 3 trillion. Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (a market cap of Rs 284322.91 Crore) operating in the NBFC sector. Bajaj Finserv is primarily engaged in the business of promoting financial services such as finance, insurance, wealth management, etc. through its investments in subsidiaries and joint ventures. The company is also engaged in the business of generating power through wind turbines, a renewable source of energy. Read more