Due to the quicker repricing of loans, the NIM climbed by 46 basis points (bps) year over year to 3.3% in the fourth quarter, although deposit rates have not yet reflected the higher interest rates.
With valuations near all-time highs and integration risk around Kaleyra, analysts of IIFL Capital Services maintain REDUCE and TP of Rs1,518.
As consistent performance continues, analysts of IIFL Capital Services believe that this discount will narrow.
The proceeds generated from the fresh issue will be utilized to enhance the company's capital base, enabling it to meet future capital requirements effectively.
For FY24, analysts of IIFL Capital Services expect a recovery in industry profitability, on the back of falling fuel prices and sustained volume growth (8-9% YoY).
Maruti Suzuki's domestic passenger vehicle sales increased by 8%.
Company’s sale of domestic tractors stood at 9,270 tractors.
Four of the 24 bridges have been erected in the last six months, according to representatives of the National High-Speed Rail Corridor who talked to ET, which is building the high-speed corridor.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
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