Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
Lender to raise up to Rs 9,000 cr in capital via AT1, tier-II bonds
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
IDFC Limited has crossed major resistance of Rs 65, which it had been struggling to conquer since late 2016
Canara Bank hit a 52-week high of Rs 252.80, after rallying 6% in intra-day trade and 21% in the past four trading days.
The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21.
Business Standard brings you the top headlines on Thursday
In Q3FY22, Canara Bank's asset quality improved with its gross non-performing assets (GNPA) ratio reducing to 7.80 per cent, down from 8.42 per cent as at September 2021.
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant