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Banks, IT and other stocks on SBI Securities' buy list
Sunny Agarwal of SBI Securities finds HDFC Bank attractive after the correction. Among PSU banks, Bank of Baroda, Bank of Maharashtra and Indian Bank stand out. The downside looks limited for IT stocks as AI-led opportunities ahead. He prefers mid-sized jewellery players, while remaining cautious on oil marketing companies amid crude uncertainty. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Exclusive: Does IRB Infra get impacted by the Iran war? Here's what the management said
Nearly 95% of IRB Infra's value comes from operational assets and within the road asset business, tariff revisions are linked to inflation, which provides a hedge and thereby protects returns, the management told CNBC-TV18.
TVS Venu Group to acquire Prudential Financial’s entire stake in PGIM India
TVS Venu Group to acquire Prudential Financials entire stake in PGIM India Asset Management and PGIM India Trustees, gaining full ownership subject to regulatory approvals
HDFC Bank: What exactly was it? Atanu Chakrabarty's shock exit baffles global investors
HDFC Bank's stock plunged after chairman Atanu Chakraborty resigned citing ethical concerns. Investors expressed disbelief during a call where management offered no clear explanations. Chakraborty, a former bureaucrat, later called his departure 'routine,' but the market reacted sharply, wiping billions in value. Analysts questioned the board's lack of specifics regarding the resignation.
RBI soothes worries over governance at HDFC Bank
The Reserve Bank of India stepped in to assure markets about HDFC Bank's governance following the unexpected resignation of its part-time chairman, citing "values and ethics." Despite the RBI's statement, the bank's stock experienced a significant intraday fall, contributing to broader market declines. Management stated they had no insight into the chairman's reasons for leaving.
HDFC Bank rift: When a non-playing captain steps up
HDFC Bank chairman Atanu Chakraborty has resigned unexpectedly. This move follows reports of disagreements with the bank's leadership. Sources suggest Chakraborty's involvement in daily operations and senior promotions caused friction. The bank's management and the regulator reportedly aligned against the chairman's actions. This development follows the significant merger of HDFC and HDFC Bank.
When a non-playing captain steps up
HDFC Bank chairman Atanu Chakraborty has resigned unexpectedly. This move follows reports of disagreements with the bank's leadership. Sources suggest Chakraborty's involvement in daily operations and senior promotions caused friction. The bank's management and the regulator reportedly aligned against the chairman's actions. This development follows the significant merger of HDFC and HDFC Bank.
HDFC Bank reassures investors, says no material issues at the bank
HDFC Bank aims to bolster investor trust following a significant dip in stock prices. With the resignation of its non-executive chairman over ethical concerns, the interim chairman reassures stakeholders, emphasizing that there are no pressing issues impacting the bank's operations. The institution's strong fundamentals remain intact, and management is proactively engaging with shareholders to rebuild confidence.
HDFC Bank ADRs crash another 4% after sharp selloff, hinting at more losses on Friday
HDFC Bank's US-listed shares dipped further following the former chairman's sudden resignation, citing ethical concerns. Despite management's reassurances and a lack of specific details, investors remain cautious. Analysts, however, see the stock correction as a potential buying opportunity, emphasizing the bank's strong fundamentals and leadership continuity over perceived tactical differences.
No clarity on HDFC Bank chairman’s exit; bank ‘baffled’, RBI backs governance
Following the abrupt resignation of HDFC Bank's part-time chairman, Atanu Chakraborty, the Reserve Bank of India has assured markets of robust governance at the bank. Investors reacted sharply, leading to a dip in stock prices. Despite management expressing uncertainty regarding the circumstances surrounding his departure, they are already commencing the search for a new permanent chairman to ensure continuity.
HDFC Bank Share Price Highlights: Stock ends 5% lower; Atanu Chakraborty calls exit 'routine'
HDFC Bank share price Highlights: Shares of HDFC Bank Ltd., a heavyweight in both the Nifty 50 and Nifty Bank indices, opened as much as 9% lower on Thursday, March 19, following a change in leadership. However, the stock erased some losses following the management's conference call and are now trading 4% lower. Follow CNBC-TV18's live blog for the latest updates.
Sohum Asset CIO backs HDFC Bank, calls recent concerns temporary, sees valuation opportunity
Sohum Asset Managers’ CIO Sanjay Parekh said investor caution stems from uncertainty despite regulatory reassurance and management clarity. He highlighted strong long-term fundamentals, stable growth outlook, and improving merger-related metrics. Parekh expects sentiment to normalise soon, with institutional investors likely to stay steady. He maintains a positive stance and continues to hold and add to the stock at current levels. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.