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BROKERAGE RADAR | MACQUARIE ON KOTAK MAHINDRA BANK

Posted by Able on May 01, 2024

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• Maintain Neutral with target price of Rs 186001000

• Management uncertainity persists; Problems continue to pile up

• Resignation could be to either join Federal Bank or Bandhan Bank, in our view also based on media reports

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

Big Daddy LIC manages money nearly double the size of Pakistan's economy

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NSE cautions investors against entity offering guaranteed returns

The National Stock Exchange (NSE) on Friday cautioned investors against an entity offering guaranteed returns on investment in the stock market. The statement came after the exchange noticed that an authorised person of its registered stock broker was offering guaranteed returns and was collecting commission on such assured returns from investors.

BROKERAGE RADAR | MACQUARIE ON KOTAK MAHINDRA BANK

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