ICICI Securities downgrade rating to HOLD with a revised target price of Rs 475

Erwin Oropesa




© Provided by Zee Business


LIC Housing Finance saw improved traction in individual business during the quarter while operating performance was steady. NII for LICHF saw flattish growth of 2.2% YoY at Rs 1281 cr, mainly on account of 6 bps YoY decline in margins to 2.36%. Recent management commentary indicated that margins benefited from lower funding cost which was down by 36 bps in Q3 FY21 and 83 bps in current fiscal, as the liquidity environment remained favourable for the company. Other income jumped 73% YoY to Rs 48 cr aiding topline. Cost-to-income sequentially was steady at 13.4% vs. 13.2%. Provisions declined YoY by 54% to Rs 181 cr but QoQ were up 75%. Total provisions for Covid related and a standstill account is to the tune of Rs 400 cr. PAT for the quarter was up 22% YoY to Rs 727 cr.

 

Asset quality manageable; buffer relatively lower:

Read More

CHI St. Luke’s Severs Deal With Molina, Its Second Break With An Insurance coverage Provider This

Erwin Oropesa

In case you are bringing your brick and mortar retailer on-line or planning to launch an eCommerce store, having a advertising strategy in place would improve your possibilities of success. WEBSITE POSITIONING work is simply too sophisticated for someone who does not have expertise in doing the job. It may take years to be an SEARCH ENGINE OPTIMISATION master and naturally, as a business owner, you’ll be able to’t afford to waste that point. And should you opt to hire freelancers, who more often than not would require you to pay an hourly fee, the results will not nonetheless be guaranteed.

Startup prices are pretty high, as a large amount of indoor space is required, along with issues like equipment and insurance coverage. Due to the high maintenance costs and decrease rates charged to prospects, incomes potential is just not as excessive as some of the different companies in this … Read More