Recommendation: Add; Target Price: Rs 165
ICICI Lombard shares reserved its losses after hitting 52 week low to Rs 1049 on NSE in March. However, in the last 1 month, it has gained 13%.
Sensex surges 400 points; Nifty above 18,600; all index stocks gain; Nifty Bank at record high
Nifty Metal, Nifty Bank, and Nifty Financial Services in red.
Inflation rate in the country is currently at 100%.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds
The introduction of the Paytm UPI SDK is an additional feature within the existing UPI acquiring arrangement between Paytm Payments Services Ltd. and Paytm Payments Bank.
Recommendation: Buy; Target Price: Rs 220
Amount will be raised through debt, equity or a mix of both.
The bank experienced a 16% rise in credit growth.