HDFC Bank’s Merger Pangs
India’s second-biggest bank may not be the cynosure of investors as the merger with HDFC weighs heavy, shaving off 16% of its market cap. But who can afford to ignore the 800-Pound gorilla?
India’s second-biggest bank may not be the cynosure of investors as the merger with HDFC weighs heavy, shaving off 16% of its market cap. But who can afford to ignore the 800-Pound gorilla?
Organic non-fossil capacity addition surpasses fossil capacity addition for the first time.
ICICI Securities public shareholders will get 67 equity shares of ICICI Bank for every 100 equity shares
Nomura says the net interest margin of the bank could see “pressure” over the next two-three quarters; JM Financials, ICICI Securities recommend ‘buy’ rating
After the recent success at the box office, domestic brokerage houses ICICI Securities and Prabhudas Lilladher have assigned “Buy” ratings on PVR Inox shares.
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
ICICI Bank says with ICICI Securities as a 100% subsidiary, both entities will be able to better capitalise on synergies in line with its customer 360-degree focus
ICICI Securities says a board meeting is also scheduled to be held on Thursday to consider delisting equity shares
The brokerage firm has maintained a ‘Buy’ rating for the company, with a revised target price of ₹325.
There will be no change in relative positioning despite worsening macros as it has not translated to client cutting spending on existing projects, says ICICI Securities.