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The Federal Open Market Committee is widely expected to raise rates by 50 basis points and bring its benchmark target rate to a range of 4.25% to 4.5%, the highest since 2007. Fresh quarterly economic projections released after the meeting will also shed light on how much further policymakers expect rates to go.

A total of 10,655 shares changed hands on the counter till 01:45PM (IST)

In its report, Morgan Stanley said YES Bank is moving in the right direction post 2020 NPA crisis. It stated that the bank has focused on reducing asset quality challenges by accelerating provisions and cleaning up its balance sheet organically as well as via asset sales. It expects gross impaired loans to fall to 9% by end of FY23 from a peak of 22% in March 2020.

As of 31-Mar-2022, promoters held 38.17 per cent stake in the company, while FIIs held 16.72 per cent and domestic institutional investors had 4.58 per cent.

Network 18 Media & Investments, incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 7883.52 Crore) operating in Media & Entertainment sector.

“As per the current guidance, Paytm will turn profitable by Q2 of FY24 but in our assessment, the way the four quarters have shaped up, it may happen in Q3 and Q4 itself. Basically, if it is turning positive and the company has started giving a hint about what kind of capital allocation strategies they may have, that is a very positive sign for anybody who is looking at it from a long term perspective.”

Analysts believe that select stocks are ready for a breakout on a technical basis and may rally sharply for near-term gains.

In a notice, the Department of Investment and Public Asset Management (DIPAM) said the last date for submission of EoI is January 7, 2023, instead of December 16, 2022.

Going forward the company will grow on margins, PAT etc. on the back of strong order book and growing share of ODM revenues.

Global brokerage Morgan Stanley has initiated coverage on Yes Bank with an underweight rating and a target price of Rs 20.50. The Return on Asset (ROA) recovery beyond 1% will be gradual, said the foreign broker. The global investment bank expects strong RoA improvement to 1% by FY25, which will be helped by higher PPOP margins/lower credit costs, it said.