Top brokerages see up to 20% upside for SBI stock in a year
State Bank of India shares surged following strong September-quarter results, with analysts upgrading price targets and projecting a 7-20% upside. The bank’s profit after tax rose 10% year-on-year, beating estimates, and asset quality improved. This performance has attracted renewed investor interest in public sector banks.
HUL’s unusual promise read our contract with our new CEO
Hindustan Unilever Limited’s notice for Priya Nair’s appointment as CEO included an unusual offer: shareholders could obtain a copy of her CEO agreement via email. While not legally mandated, this move goes beyond typical inspection procedures, sparking debate on transparency versus competitive risks in executive contracts.
Desi Money Dominates: DII holdings hit record as foreign ownership sinks to 13-year low
Domestic institutional investors’ holdings in Indian stocks reached an all-time high in the September quarter, widening the gap with overseas investors to a 25-year peak. While local funds, fueled by retail inflows, continued to invest, foreign investors sold shares amid growth and valuation concerns, preferring other markets.