Federal Bank Share Price: Brokerages upgrade Federal Bank despite 26% fall in Q2 profit; here’s why

NEW DELHI: Brokerages upgraded Federal Bank post its Q2 numbers despite a 26% fall in net profit, citing better operating performance and favourable valuations. Net profit of the bank came in at Rs 307.62 crore for the quarter ended September 30 against Rs 416.70 crore in the corresponding quarter last year. On the other hand, […]

Equitas Small Finance Bank IPO: Near-term risks may limit listing gains

After two hiatuses, the initial public offer (IPO) of Equitas Small Finance Bank is set to open on Tuesday, October 20 with a price band of Rs 32-33 per share. At the upper price limit, the bank intends to raise up to Rs 517.6 crore to augment its tier-I capital base to meet […]

HDFC Bank Q2: Analysts see sub-20% profit growth despite lower provisions

Private lender HDFC Bank will kick start the July-September quarter earnings season for large-cap banks when it will report its Q2FY21 results on Saturday, October 17. Hit by Covid-19 pandemic, the lender is expected to report a sub-20 per cent YoY growth in net profit for the third consecutive quarter. Above-industry […]