ITC, IndiGo to Bajaj Finance: SBI Securities picks 5 stocks to buy after Budget 2025
1 month, 2 weeks ago

ITC, IndiGo to Bajaj Finance: SBI Securities picks 5 stocks to buy after Budget 2025

Live Mint  

In a recent report, brokerage house SBI Securities stated that the Union Budget 2025-26 was largely in line with expectations, focussing on key areas such as the poor, youth, middle class, farmers, MSMEs, exports, women, and reduction of compliance burdens. SBI Securities believes that beyond the budget, the government will implement additional reforms, including the new income tax bill set to be released in the coming weeks. Budget Stock Picks with a 12-Month Investment Horizon ITC | Target: ₹ 530 | Upside: 15% SBI Securities stated that ITC’s cigarette business is well-positioned for volume growth, supported by stable taxation and stronger enforcement actions against illicit trade. Bajaj Finance | Target: ₹ 9,037 | Upside: 13% SBI Securities pointed out that the government’s decision to exempt individuals earning up to ₹12 lakh from income tax would support consumption growth, benefiting retail lenders like Bajaj Finance. Brigade Enterprises | Target: ₹ 1,335 | Upside: 15% SBI Securities stated that Brigade Enterprises has a diversified portfolio spanning residential, office, SEZ, retail, hospitality, and senior living assets.

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History of this topic

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%
1 month, 2 weeks ago

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%

Live Mint  

SBI Q3 Results: India's largest public sector bank, State Bank of India, on Thursday reported an 84.32% year-on-year rise in its standalone net profit for the fiscal's third quarter ended December to ₹16,891.44 crore. The bank's Net Interest Income, which represents the difference between the interest earned on loans and the interest paid on deposits, saw a 4% increase, reaching …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
7 months, 2 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

SBI's Q4 net profit jumps 83% to ₹16,694 cr
1 year, 10 months ago

SBI's Q4 net profit jumps 83% to ₹16,694 cr

Hindustan Times  

The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at ₹16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. For the full 2022-23 fiscal, SBI's net profit increased 59 per cent to ₹ 50,232.45 crore. During the March quarter of 2022-23 fiscal, the bank's interest income …

SBI share price near all-time high. HDFC Securities sees new peak in 6 months
3 years ago

SBI share price near all-time high. HDFC Securities sees new peak in 6 months

Live Mint  

State Bank of India or SBI share price on Thursday closed above ₹500 apiece levels. According to HDFC Securities report, SBI share price climbing to a new peak is possible in next two quarters as the brokerage sees banking stock to ascend up to ₹570 per share levels in this period. "The bank is looking at an overall loan growth …

SBI may post impressive Q2 earnings on steady performance
5 years, 5 months ago

SBI may post impressive Q2 earnings on steady performance

Live Mint  

The State Bank of India's earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from large National Company Law Tribunal resolutions and normalisation in credit cost, according to a broking firm. According to Motilal Oswal, the risk-reward for the SBI has turned favourable after suppressed earnings for the past …

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