Now, with demonetisation expected to result in a decline in property prices, the loan against property book of NBFCs will be squeezed, resulting in higher bad loans.
Ashish Maurya, research Associate at Cholamandalam Securities said Zensar Technologies stock is expected to be valued at around 14 times FY18 estimated earnings.
The CNX Metal index spiked 6.2% on Thursday -the highest single-day gain in nine months.Hindalco touched its 52-week high during the day at Rs 177, up 8%.
Titan Company, which produces luxury watches and is the parent company of jewellery firm Tanishq, fell 5.29% on the BSE on Wednesday to close at Rs 351.
There is a strong build-up of bearish bets in various stocks. Leading analysts share what they are most pessimistic about in the near term on D- Street.
SKF India reported a standalone net profit of Rs 35.1 crore against Rs 27.2 crore in the same period a year ago.
With the government's increased projections on solar power production, specifically a capacity target of 48 GW generation by early 2019.
Analysts said the Tata Motors shares would not be impacted in the near to long term as the Jaguar Land Rover business would not be impacted by the change in management.
Analysts said smaller companies such as Repco, Dewan Housing, CanFin Homes and Gruh Finance would fetch better returns than their larger peers like HDFC and LIC Housing.
Fund managers and analysts said the deal is a positive for the shares of Indian banks, whose profits and lending capabilities have been affected by the NPAs of various industrial groups.
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