The IT ministry and the Unique Identification Authority of India (UIDAI) has instructed all banks to move to Aadhaar Pay platform by March end.
According to Prakash Diwan of Altamount Capital Management, Escorts needs to reinvent itself in newer areas like defence or railways. He said the stock justified its rich valuations and said that is a clear vindication of the faith that people had on the stock.
The tie-up with SBI will help farmers to have maximum reach with the bank to avail short-term finance against the warehouse receipts, National Collateral Management Services Ltd (NCML) MD & CEO Sanjay Kaul said.
Mithil Pradhan of Violet Arc Global recommends going long in Jet Airways.
Hemindra Hazari recommends avoiding the entire financial intermediary space because there is still lot of pain to come but if institutional investors have to be in the space then one should look at HDFC Bank and Kotak Mahindra Bank.
Nooresh Merani Of Asian Market Securities is of the view that one can hold Hindustan Petroleum Corporation and State Bank of India.
Amit Harchekar, Chief Technical Strategist at A PLUS Analytics recommends shorting SBI as the stock should slide below Rs 200.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - HDFC Bank, IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Jain Irrigation, Lux Industries, Elgi Equipment & Hotel Leela.
Siddarth Bhamre of Angel Broking expects short covering rally in Bank of India with a target of Rs 126.
The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions