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"I’m happy to share that the asset quality remains high. On the retail side, the Gross NPA is 1.65% and the net NPA is at 0.55%, against the guidance of Gross NPA of 2.0% and NNPA of less than 1%. If we exclude the infrastructure financing book, which is anyway in run-down mode, the Gross NPA and Net NPA would be 1.84% and 0.46% at the overall bank level," said IDFC First Bank MD and CEO V Vaidyanathan.

The Indian stock market gained for the fifth consecutive day as the Nifty rose by 2.5%, posting a weekly gain of 4.06% as the VIX tested its pre-pandemic lows. However, the low level of the VIX makes the markets vulnerable to sharp profit-taking bouts. Nifty has bounced off its 200-DAY moving average, which provides strong support. Additionally, 100-Week moving average at 17214 also acts as strong support. One must be cautious while chasing the up moves and trail stop losses of the long players.

Arihant Capital Markets expert Mileen Vasudeo predicts that the Nifty will hit a target of around 18,800, and could go beyond that to 19,000. She also expects Bank Nifty to approach levels of 43,700 to 44,200. While IT showed a rebound on Friday, Vasudeo notes that it is currently in a downtrend and is unlikely to outperform the benchmark indices. Vasudeo recommends buying FMCG stock Britannia with a target price of 4800 to 5000, and also DLF with a higher target side of 474 to 500 levels.

Arihant Capital Markets expert Mileen Vasudeo predicts that the Nifty will hit a target of around 18,800, and could go beyond that to 19,000. She also expects Bank Nifty to approach levels of 43,700 to 44,200. While IT showed a rebound on Friday, Vasudeo notes that it is currently in a downtrend and is unlikely to outperform the benchmark indices. Vasudeo recommends buying FMCG stock Britannia with a target price of 4800 to 5000, and also DLF with a higher target side of 474 to 500 levels.

"I think there is a lot of steam left in PSUs still, particularly one pocket, and that is the defence sector PSUs. We will see a lot more action there. We did see some amount of correction over the last few months and stocks like Mazagon Dock, BEL, HAL all have corrected. And after correction, of course, it has gone up in the recent last few days, but even after correction, the way they are positioned now if somebody is taking a one-year-plus time horizon, they do look good."

"I think there is a lot of steam left in PSUs still, particularly one pocket, and that is the defence sector PSUs. We will see a lot more action there. We did see some amount of correction over the last few months and stocks like Mazagon Dock, BEL, HAL all have corrected. And after correction, of course, it has gone up in the recent last few days, but even after correction, the way they are positioned now if somebody is taking a one-year-plus time horizon, they do look good."

RBL Bank has posted a 37% YoY increase in Q4 FY23 net profit, reaching INR271cr ($36m), driven by lower provisions. The company had posted a loss of INR75cr in the year-ago period. The CEO attributed the limited growth to the recognition of a partial loan restructure the previous year. The bank also reported a gross non-performing asset ratio improvement of 3.37% compared to 4.40% a year ago. The lender has set a target of 20% growth in overall advances for FY24, with a 22% rise in retail advances. Secured advances will account for bulk of the growth in advances.

RBL Bank has posted a 37% YoY increase in Q4 FY23 net profit, reaching INR271cr ($36m), driven by lower provisions. The company had posted a loss of INR75cr in the year-ago period. The CEO attributed the limited growth to the recognition of a partial loan restructure the previous year. The bank also reported a gross non-performing asset ratio improvement of 3.37% compared to 4.40% a year ago. The lender has set a target of 20% growth in overall advances for FY24, with a 22% rise in retail advances. Secured advances will account for bulk of the growth in advances.

​Richard Olsen is founder and CEO of the Zurich-based Olsen Group, a pioneer in the development of online financial forecasting systems and trading models for applications ranging from trading to investment and risk management.

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