Sensex, Nifty correct after fall in European indices; M&M down 3%

Epic Update Mahindra & MahindraEpic Update Mahindra & Mahindra

Shares of HDFC Bank gained around a percent intraday on Friday as investors cheered an increase in target price.

CLSA, in its report, reiterated its buy stance on the stock, with an increase in target price of Rs 2,150.

The global research firm said that the bank is leveraging its strength on CASA/capital/asset quality/size to gain market share. It also sees an earnings CAGR of 20 percent in FY17-20.

The firm also highlighted the fact that Aditya Puri is set to retire on October 20 and that smooth transition is key for the bank. Further, two key challenges could be to maintain the credit quality and the transition mentioned above.

Mahindra and Mahindra share price fell nearly 3 percent intraday Friday ahead of GST Council meet with respect to cess hike on SUVs and luxury cars.

For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

Facebook Twitter YouTube Pinterest Linkedin Google+

You may also like:

Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited' width= Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed' width=
Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
Share Button

About the Author

Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300