The government and LIC together own more than 94% equity in IDBI Bank. The combined state holding in the bank, which had among the highest proportions of bad loans, is valued in excess of ₹41,000 crore at current market prices.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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