CreditAccess Grameen’s stock has underperformed due to asset quality pressure, floods, muted customer additions, and disbursements. However, analysts expect strong performance. Gross loan portfolio increased by 31.5%. Cost-income ratio fell to 29.5%. Stock expected to trade at a premium valuation.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran