SBI shares rise 1.6% as Jefferies projects a 28% upside, citing strong growth and positive outlook despite potential risks.
SENSEX 76,583.02
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NIFTY 23,949.90
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CRUDEOIL 7,652.00
BSE shares fluctuate despite strong Q1 earnings, with brokerages maintaining neutral ratings amid growth and valuation concerns.
SBI sells 1.42% stake in SBI Funds Management for ₹1,655 crore ahead of its upcoming IPO opening on July 14.
SBI's Q1 net profit rises 10% to ₹21,121 crore, driven by strong net interest income and reduced NPA provisions.
IDFC First Bank shares soar 10% to a 52-week high following a strong Q1 profit growth of 132%.
Brokerages turned more bullish following the earnings announcement, citing sustained margin improvement, better product mix and…
The bank has also been permitted to infuse equity capital into the new subsidiary, subject to additional conditions mentioned in…
