“Loan loss provisions continued to recede due to better recoveries and healthy provision buffers, thereby leading to overall beat on profitability,” mentioned Emkay Global Financial Services in a sector report. The brokerage expects overall NPA ratios to trend down further led by receding stress pool and better credit growth trajectory.
These 7 penny stocks rally 10-30% in a week
In the week ending May 23, the benchmark Sensex fell by approximately 0.74%. However, despite the overall market downturn, seven penny stocks posted weekly gains