News Overview

"SBI MF has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year i.e. by October 10, 2024", the exchange filing stated.

Recommendation: Buy; Target price: Rs 3800

For this, analysts of IIFL Capital Services first calculate fair value of a stock using the Residual Income valuation method, to capture long-term quantitative value of the stock.

The company reported a 1.68% increase in net profit, rising to Rs 69.4 crore compared to Rs 68.25 crore in the same period the previous year

Fed minutes indicate a consensus on just one more rate hike and a longer pause on rates at elevated levels.

Ban imposed as these securities breached 95% of the market-wide position limit (MWPL) in the F&O segment.

While U.S. West Texas Intermediate crude dropped by 49 cents, or 0.59%, to $83 per barrel, Brent futures declined by 41 cents, or 0.48%.

The board will consider various modes of raising funds.

BLVPL has now entered into a deal to purchase AXA's 49% interest and wholly own the company.

Spot gold was up 0.1% at $1,874.49 per ounce, not far from its best level since September 29. At $1,887.50, U.S. gold futures remained stable.