From NDTV
Center-Right Owned by Adani Group (AMG Media)Private Banks Outshine Nifty 50 In Earnings Upgrades; HSBC Sees More Room For Growth, Prefers ICICI Bank, Axis Bank, Kotak
What's behind this
Brokerage estimates project that State Bank of India’s net profit for the September quarter could rise about 45%, falling between ₹23,539 crore and ₹25,250 crore, driven by gains from stake sales and higher income. Morgan Stanley noted that earnings beats in the quarter were led by Energy, Utilities and PSU banks, while profitability lagged in Healthcare.
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right · 1 outlet
Profitability has been strongest in Energy and Utilities, while it dragged the most in Healthcare, Morgan Stanley underlined.
— NDTV
RSS excerpt
Among the four lenders, ICICI Bank and Kotak Mahindra Bank have witnessed the strongest earnings upgrade momentum, while Axis Bank and HDFC Bank have lagged
