Sharekhan

Dealer’s name: Affle India (Purchase)

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Goal: ₹1,535 CMP: ₹1,188.95 Affle’s (India) Q4FY24 income stood at ₹506.20 crore up, 1.5 per cent q-o-q/42.3 per cent y-o-y, beating our estimates of ₹499.8 crore, pushed by regular progress in CPCU income. EBITDA margin was flat at 19.4 per cent, on q-o-q and y-o-y foundation, barely beating our estimate of 19.2 per cent. CPCU … Read more

Dealer’s name: Punjab Nationwide Financial institution (Purchase)

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Goal: ₹140 CMP: ₹122.70 Punjab Nationwide Financial institution`s return ratios have been nonetheless depressed versus its friends attributable to larger provisions and excessive operational prices however is probably going to enhance hereon. Earlier, credit score price was larger led by larger web NPA e-book. Decrease slippages pattern, robust recoveries & upgrades and web NPA ratio … Read more