Broker’s call: Repco Home Fin (Buy)

Target: ₹350 CMP: ₹212.55 Repco delivered a good quarter with earnings beat of 10 per cent encompassing the impact of some structural changes and a small compression in NIM. The key positive highlight of company’s performance was sustained improvement in asset quality in a usually soft quarter, which drove not only negligible credit cost but … Read more

Rishi Sunak is haunted by ghosts of prime ministers past – POLITICO

LONDON — “Back to her old self again” was how one erstwhile colleague described Liz Truss, who made her return to the U.K.’s front pages at the weekend.  That’s exactly what Rishi Sunak and his allies were afraid of.  Truss, who spent 49 turbulent days in No. 10 Downing Street last year, is back. After … Read more

Broker’s call: Central Bank (Buy)

Target: ₹37 CMP: ₹31.60 After incurring losses for six consecutive years (FY16-FY21), Central Bnak returned to profitability in FY22. Furthermore, the bank has been reporting consistent growth in net profit since last six quarters. A bulky provision (₹3,080 crore) made in Q4-FY21, continued to safeguard the balance sheet with PCR (calculated) of 72 per cent … Read more