Brokerage house Emkay Global has suggested BUY rating for private banking major HDFC Bank with target price of Rs 1300 for a medium term perspective. HDFC Bank is currently trading at Rs 1142.
Private sector lender Yes Bank’s follow-on public offer will open today. The bank has informed that it has already raised Rs 4500 crore from anchor investors.
Uday Kotak has expressed his views about recent rally in stock markets worldwide. The quick recovery in markets has surprised many veteran investors and market analysts.
Yes Bank management has surprised markets by announcing follow-on public offer with floor price of Rs 12. The FPO will open on July 15 and continue till July 17, 2020.
Market expert Ashwani Gujral has suggested five BUY calls for today’s session and no SELL call, suggesting a bullish outlook for Indian markets.
Finance Minister Nirmala Sitharaman said that authorities will make sure that public sector and private banks pass on the benefits of rate cuts to consumers.
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