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EquityPandit

EquityPandit
BUSINESS

Godrej Properties Achieves Highest Sales at Launch of Noida Proj

On NSE, Godrej Consumer Products Ltd stock was quoting at Rs 903.5, up 2.08 per cent.

On Wednesday, Godrej Properties has said it achieved sales of Rs 575 crore in a single day at the launch of the second phase of its project Godrej Woods in Noida.

Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of launch, making it one of the most successful launches in the country in recent times.

Godrej received an overwhelming customer response to its unique forest-themed project named Evergreen, taking total sales in the project in the past 6 months to approximately Rs 1,140 crore, analysts said.

Stock Covered in the news

Godrej Properties Ltd-View Detailed Analysis

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State Bank of India (SBI)

State Bank of India Outlook for the Week (July 24, 2023 to July 28, 2023)

Ali Waghbakriwala

Check State Bank Of India Full Analysis At Unicorn Signals

State Bank Of India Weekly Outlook and Analysis:

For the Week: (July 24, 2023 – July 28, 2023)

State Bank of India Outlook for the Week (July 24, 2023 – July 28, 2023)

BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS

State Bank Of India Share Price : 615.10 (NSE)

SBI closed the Weekly on Positive Note Gaining  5.25%

Weekly High: 619.50

Weekly Low: 584.20

Weekly Range: 19.10 points

Weekly Support & Resistance For SBIN:

RESISTANCE 2642
RESISTANCE 1628
SUPPORT 1593
SUPPORT 2571

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 593 levels, Minor resistance on the upside is capped around 628 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 571 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 642

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 642 on upside and 571 on downside.

State Bank of India (SBI)

State Bank of India Outlook for the Week (July 17, 2023 to July 21, 2023)

Ali Waghbakriwala

Check State Bank Of India Full Analysis At Unicorn Signals

State Bank Of India Weekly Outlook and Analysis:

For the Week: (July 17, 2023 – July 21, 2023)

State Bank of India Outlook for the Week (July 17, 2023 – July 21, 2023)

 BSE: 500112| NSE: SBIN| ISIN: INE062A01020| SECTOR: BANKS

State Bank Of India Share Price : 584.40 (NSE)

SBI closed the Weekly on Negative Note losing  1.55%

Weekly High: 599.80

Weekly Low: 580.70

Weekly Range: 19.10 points

Weekly Support & Resistance For SBIN:

RESISTANCE 2607
RESISTANCE 1596
SUPPORT 1577
SUPPORT 2569

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 577 levels, Minor resistance on the upside is capped around 596 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 569 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 607

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 607 on upside and 569 on downside.

State Bank of India (SBI)

SBI Produces Tool For Top Executives’ Grooming

Amruta Kharde
sbi_eq

State Bank of India (SBI), the largest lender in India, announced its plans to modify its leadership programme to aid senior executives who have worked for the company for at least 15 years in their preparation for senior management positions.
In addition to providing senior executives with professional development opportunities, the action will promote effective succession planning and easy inter-vertical transition, according to the document requesting bids from consultancies ready to work with SBI in establishing the programme.
Before being considered for promotion, executives must undergo an evaluation of their skills to create individual development plans, it stated.
“It is crucial that executives being considered are examined for core abilities desirable for handling the job in mind and take informed judgement and also grasp development requirements of the pool assessed,” it stated. “This will ensure sustainable competitive advantage.”
The programme suggests completing cognitive and psychometric tests to find behavioural abilities.
The talent evaluation organisation is expected to plan and carry out online tests that are centrally administered and open to everyone. Following the mapping of proficiency levels, the programme will provide developmental feedback and establish personal development plans, according to SBI.
To allow persistent learning, the development intervention must include microlearning courses, activities, and video cascades to participants on a weekly basis. The document stated that the journey’s content would need to be tailored to the banking, financial services, and insurance (BFSI) industry in general and SBI in particular.

State Bank of India (SBI)

Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%

Nilesh

State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers.


The loan rate hike came days after the Reserve Bank of India raised its benchmark lending rate by 50 basis points to tame inflation.


The External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) were increased by 50 basis points, while 20 basis points across all maturities increased the Marginal Cost of Funds Lending Rate (MCLR).


The revised rates are effective from August 15, according to the information posted on the SBI website. SBI’s EBLR rose to 8.05%, and RLLR rose 50 basis points to 7.65%.


Banks add a credit risk premium (CRP) to EBLR and RLLR when making any loan, including home and auto loans.
After the revision, the one-year MCLR was increased to 7.7% from 7.5% previously, compared to 7.9% for the two years and 8% for the three years. Most loans are tied to a one-year MCLR rate.


As lending rates rise, EMIs will rise for those borrowers who take out loans on MCLR, EBLR or RLLR.


From October 1, 2019, all banks, including SBI, have switched to rates linked to external benchmarks such as RBI’s repo rate or Treasury bill yields. As a result, the bank’s monetary policy transmission has gained traction.

State Bank of India (SBI)

SBI Hikes Lending Rates By 0.1%

Nilesh

The country’s largest lender, State Bank of India, has raised its marginal lending rate based on the cost of funds by ten basis points or 0.1 per cent, a move that will result in higher EMIs for borrowers. It was the second-rate hike in a month, and costs were raised by 0.2 per cent twice in a row. The revision comes after the Reserve Bank raised off-cycle interest rates earlier this month. The central bank raised the repo rate – the rate at which short-term funds are lent to banks – from 0.40 per cent to 4.40 per cent.


Other banks are likely to follow SBI revisions to lending rates in the coming days. With this increase, EMIs will rise for those borrowers who get loans at MCLR (Marginal Cost of Funds Lending Rate) but not for those whose loans are tied to other benchmarks.


From April 1, SBI’s External Benchmark Lending Rate (EBLR) will be 6.65 per cent, while the Repo Linked Lending Rate (RLLR) will be 6.25 per cent. Banks add a credit risk premium (CRP) to EBLR and RLLR when taking out any loan, including home loans and auto loans.


The revised MCLR rates are effective from May 15, according to the information posted on the SBI website. With the revisions, the one-year MCLR has been increased to 7.20 per cent from the previous 7.10 per cent. The overnight, one-month and three-month MCLR rose ten basis points to 6.85 per cent, while the six-month MCLR rose to 7.15 per cent. Most loans are tied to a one-year MCLR rate.


Meanwhile, the two-year MCLR rose 0.1 per cent to 7.40 per cent, while the three-year MCLR rose to 7.50 per cent. Several banks have already raised interest rates following the RBI adjustment, and more are expected to follow in the coming days.

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