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Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

After seeing strong growth in gross client addition month after month in 2021, brokerage Angel One has seen a steady decline in 2022. So far in the current financial year, the brokerage has registered a month-on-month fall in four months. In both September and October, the additions fell 12% month-on-month.

The measures come after a six-month imposition and at a time when steel demand and pricing has taken a hit due to the global economic slowdown, and escalated Covid situation in China.

Buy Cholamandalam Investment & Finance Company at a price target of Rs 793.

“We have also put in place accelerated savings programs, which will help us to offset any further cost impact, and drive improvement in margins. Moving forward the economic indicators are favourable to a growth in demand, and we expect industry volumes to pick up in coming quarters,” Gupta added.

We are positive on the cement industry dynamics for the next few years due to 1) better demand prospects led by infrastructure and housing sector, 2) increased consolidation in the industry and 3) regulatory changes in the allotment of limestone blocks.

“Consumer confidence has brutally collapsed and I think investors need to think twice or maybe even three or four times before investing in China right now. The next three to six months are going to be a real struggle because the government cannot ease up on zero Covid without causing a lot of deaths but they cannot continue the current pace without causing a lot of lack of business confidence.”

SAIL has been losing market share for the past 15 years to the aggressive private trio (JSW, JSPL, and Tata Steel). SAIL’s volume has grown by a mere 2.1% CAGR over 2007-22 against the industry at 5.4% CAGR, resulting in its market share declining from 25% to 16% over 2007-22.

As we are keeping our view bullish, we advise traders to go for Bullish Call spread option strategy. It is 2 leg option strategy and consists of buying one ATM strike of Call option and selling one higher strike of Call option.

As per Trendlyne data, the highest target for stock goes up to Rs 1,200, while the average estimate of Rs 960, shows an upside of the potential of around 38% from the current prices. Out of the 14 analysts covering the stock, 12 of them have buy ratings.