Stock Aaj Or Kal

2021-05-09 16:44:51 Elara on Bandhan Bank

Downgrade to Reduce from Accumulate

Target Price Rs310 from Rs385

Sharp rise in NPLs; high SMA pool
New stress at 22%; outstanding stress at 15% in Q4

Bank has a very low buffer of contingency provisions

Overdues loans remain uncomfortably high at 8.6% Open / Comment

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2021-05-09 14:26:08 DELTA CORP. : Co. informs all Casinos operated by co. & Subsidiaries remain closed till may 24 as Goa Extends lockdown due to covid ( negative) Open / Comment

2021-05-09 14:25:50 BANDHAN BANK : Bandhan Bank Q4 numbers mirror the stress on its books; the worst isn't over

“Well, we all knew Bandhan Bank's asset quality will be hit hard given its presence in West Bengal and Assam. Asset quality stress will remain elevated in the first quarter as well and more provisioning will be needed on the GNPA,” said Jyoti Roy, senior analyst at Angel Broking. “PCR dropped from 66.2 percent in Q3 of FY21 to 48.5 percent in Q4. So the bank will need to shore up the PCR,” Roy said.

The COVID second wave can be disastrous for the banking sector and Bandhan is not an exception.  Bandhan has provided well for the COVID shock but the unpredictable nature of the pandemic in this round is a major risk factor. The consensus among analysts is that Bandhan could see stress at an elevated level at least in the next two quarters. (Negative) Open / Comment

2021-05-09 11:16:39 LOCKDOWN : Delhi extends lockdown for another week, to end on May 17 Open / Comment

2021-05-09 07:43:15 Walmart has committed to increase sourcing from India by 300% in the next 5 years . Import value from India will touch $10B by 2027 as per company

Here are a list of companies supplying Walmart Open / Comment

2021-05-08 20:21:55 STRONG MOMENTUM FOR LIFE INSURERS CONTINUE IN APRIL!

Life Insurance Prem 45% (YoY)
Pvt Life Insurance Prem 55% (YoY)

PVT LIFE INSURANCE (YoY)
HDFC LIFE 79%
I-PRU LIFE 151%
MAX LIFE 102%
Near Flat Growth For SBI LIFE

Strong APE Growth For All Life Insurance Cos (POSSITIVE ) Open / Comment

2021-05-08 20:12:37 Open / Comment

2021-05-08 20:09:30 IDFC FIRST BANK Q4 : Gross NPA down Down to 4.15 % from 4.18 % Proform (QOQ)

Net NPA down to 1.86 % from 2.04 % proform (QOQ)

Provision Up 24 % to Rs 602 cr (QOQ) Open / Comment

2021-05-08 20:09:20 IDFC FIRST BANK Q4 : Net Profit UP 78 % to Rs 127.8 cr (YOY) Open / Comment