The core fee-based income declined by 32%. Gross slippages stood at ~3%, while elevated, they moderated on a QoQ basis. Provisioning costs also remained elevated. High overall stress book relative to peers, the brokerage said.
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing
Power capex stocks such as Hitachi Energy India, GE Vernova, TD Power and CG Power witnessed an uptick on Thursday, tracking Nvidia’s strong data-centre growth
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