|Bid||26.24 x 26600|
|Ask||26.25 x 58700|
|Day's Range||26.22 - 26.30|
|52 Week Range||19.43 - 26.30|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.84%|
The Bloomberg J.P. Morgan Asia Dollar Index, which tracks the ten most active currencies in the region (excluding Japan), has spiked 3.4% since December 28.
Credit Suisse liked what it saw in HDFC Bank's (500180.IN) (HDB) first quarter earnings, maintaining the stock as an outperform and lifting its price target by 11%. The Indian lender reported a 20% year-on-year increase in first quarter net profit, though non-performing asset rose to 1.24% from 1.05% in the March quarter due to stress in the agricultural sector (which accounted for 60% of the increase). Net interest income rose 20% year-on-year, underpinned by a 21% year-on-year loan growth and core net interest margin of 4.4%.
Goldman Sachs is bullish on India's oil marketing companies (OMCs) as they look cheap against their global peers and could be set for a re-rating. India's oil marketing companies - which operate refineries and service stations, and sell a range of products from jet fuel to lubricants - are seeing their marketing businesses trade at an enterprise value-to-EBITDA multiple of 6 times compared to 10 times for their global peers, says the broker. Goldman Sachs has added Bharat Petroleum (500547.IN), which is rated buy, to its conviction list.