Citigroup maintained a buy rating on L&T with a target price of Rs 4082. “The company reported healthy order inflows and execution. The December quarter earnings were in line with estimates, but muted margins were reported in Q3,” Citigroup said.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank