In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of Rs 1,210, valuing the stock at an unrevised P/E multiple of 17x FY25E earnings.
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points.
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts’ expectations for their June-quarter earnings. Most brokerages expressed continued optimism
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