Commodity tips & overview by Researchvia


Posted February 22, 2016 by praneetchawla

Federal Bank : With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Fed Bank is looking at it as an opportunity to increase business & expects 15-20 per-cent credit growth in the up coming financial year.

 
Dalal Street before Union Budget : The nervousness on Dalal Street before the Union Budget is clearly palpable. Click for Commodity tips Few have a clue regarding what will the government do to resuscitate the economy, revive banks & increase investments.

But the investors could ignore the din & focus on building a stock portfolio for the next bull run. That was the message from a board discussion by country's top strategists & fund managers Meet late previous week in Mumbai that was attended by few of the brightest minds in the market.

Consumption, private banks, industrials and non-bank finance organizations were recognized as the most preferred investment themes by the panellists.
Federal Bank : With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Fed Bank is looking at it as an opportunity to increase business & expects 15-20 per-cent credit growth in the up coming financial year.

At a time when some of the large and medium-sized banks are going through stress, with their focus more on getting their consolidation & act right, it opens up a remarkable space & opportunities for us," Fed Bank MD & CEO Shyam Srinivasan told in reports.

In a move to clean up bank's books, the Reserve Bank has questioning lenders to identify some huge accounts which are under stress, classify them as NPA and make adequate provision for them. Following this asset quality review, many of the public and private sector banks have reported dip in their profits or losses in the Q3(3rd quarter) of 2015-16. Our Country's largest lender State Bank of India reported 62 per-cent decline in profit to Rs 1,115 crore in the 3rd quarter from Rs 2,910 crs. The 2nd largest lender, Bank of Baroda , showed the highest-ever quarterly loss at Rs 3,342 crs for the quarter.

Top focusing stocks of today:

1. Maruti Suzuki India Ltd

2. Godrej Consumer Products Ltd

3. National Fertilisers Ltd

4. Aditya Birla Nuvo Ltd

5. Jet Airways Ltd

6. Divi's Laboratories Ltd

7. Siti Cable Network Ltd

8. Coal India Ltd

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Last Updated February 22, 2016