Rising competitive intensity for both assets and liabilities amid growing regulatory scrutiny indicate a new chapter in Indian banking, says Rahul Jain, head of India equity research, Goldman Sachs
The listing of NSE is long-awaited as its first attempt to launch the IPO in 2016 was derailed after the bourse got embroiled in the co-location controversy.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
India’s second-biggest bank may not be the cynosure of investors as the merger with HDFC weighs heavy, shaving off 16% of its market cap. But who can afford to ignore the 800-Pound gorilla?
Promising growth of top-end consumers in India has made Goldman Sachs India bullish on Titan, Apollo Hospitals, Makemytrip, Eicher Motors, Zomato, Devyani, Sapphire and Phoenix Mills