Hong Kong-based CLSA too maintained a ‘Buy’ stance on the counter, arguing for a favorable risk-to-reward ratio. The stock jumped nearly 2% on the NSE to attain its day’s high of Rs 482.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,