SHAREKHAN STOCK UPDATES
State Bank of India
Reco: Buy
PT: Rs378
CMP: Rs282
Earnings and asset quality show revival, Buy maintained
Key points
Earnings up 23% YoY: In Q4FY2015 State Bank of India (SBI) reported a 23% Y-o-Y growth in net profit, aided by treasury income of Rs1,659 crore and net interest income (NII) growth of 14% YoY. However, there was a one-off income from interest on income tax refund which led to better than
Reco: Buy
PT: Rs378
CMP: Rs282
Earnings and asset quality show revival, Buy maintained
Key points
Earnings up 23% YoY: In Q4FY2015 State Bank of India (SBI) reported a 23% Y-o-Y growth in net profit, aided by treasury income of Rs1,659 crore and net interest income (NII) growth of 14% YoY. However, there was a one-off income from interest on income tax refund which led to better than
Buy Lycos internet with short term target of 70 and long term target of 200
Lycos, Inc., the former Internet search and web portal pioneer, announced yesterday
that it is seeking a sale of its patent portfolio. The company which
sold for $12.5 billion in 2000, most recently was acquired by
India-based Ybrant Digital in 2010 for $36 million. Lycos is not a
stranger to divesting
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