State Bank Of India (SBIN), Bank of Baroda (BOB) and Bandhan Bank Quarterly Results Overview
SBIN Q4 EARNINGS
NET PROFIT 9113CR VS EXPECTED 9927CR
NII 31198CR VS EXPECTED 31570CR
NET NPA 1.02% VS 1.34% (QOQ)
GROSS NPA 3.97% VS 4.5% (QOQ)
Impact – NEUTRAL
Technical View – Near-term Support is around 440 and upside resistance around 500. Break below 440 will see more downsides move till 420 levels. The fresh positive move will be expected on a break above 500 levels till 550 and then 575 in coming months.
BANKBARODA Q4 EARNINGS
NET PROFIT ⬆️17.79B VS LOSS ⬇️10.47B (YOY); EST PROFIT 24B
NII 181.74 VS 166.85B (YOY); 179.63B (QOQ)
NET NPA 1.72% VS 2.25% (QOQ)
Impact – NEGATIVE
Technical View – Near-term Support is around 91 and upside resistance around 100. Break below 91 will see more downsides move till 80 levels. The fresh positive move will be expected on a break above 100 levels till 105 and then 110 in coming months.
Bandhan Bank Q4 Results Update
Bandhan Bank Q4 First Cut – Lower provision lifted net profit…Operating profit ahead of expectation …Improved asset quality
Net profit Rs1902cr vs Rs100cr – expectation Rs950cr
GNPA 6.46% vs 10.81% – expectation 10.8% (QoQ)
Provision Rs4.7cr vs Rs810cr (QoQ)- expectation Rs740cr
NIM 8.70% vs 6.80% (QoQ)
Operating profit Rs2520cr (up 52% YoY) – expectation Rs2030cr
NII Rs2540cr (up 15.3% YoY) – expectation Rs2290cr
Technical View of Stock: Sustainable trading action above 326 may take it higher towards 334 and then to 338 levels in the days to come. Near term, support is around 317 below this we may see levels of 310 and then to 302 levels.
More will update on the above-mentioned stocks from time to time.