QUARTERLY RESULTS AHEAD KEEP EYE ON HDFCBANK,JUSTDIAL & KOTAKBANK

FOR LIVE MARKET TIPS FILL UP THIS CALL OR WHATSAPP ME ON 7772909587 OR FILL UP THIS FORM-https://beststockfuturecalls.blogspot.com/p/free-tips-here.html

"HDFC BANK, JUSTDIAL ,KOTAK BANK  RESULT EYED "

Monday  we will see quarterly results of  HDFC Bank Kotak Bank & Federal Bank  Besides, Chennai Petroleum, Compucom, Cupid, Goa Carbon,and Bank of Maharashtra, Can Fin Homes,  HFCL, Hindustan Zinc, Just Dial will announce their October-December results.Hdfc bank is the second largest private sector lender of country now we expected to report more than 20 % year-on-year growth in profit for the quarter ended December 2019, partly driven by lower tax cost & in  Kotak Bank We expect gross NPL ratio @ 1.5 % of loans, which is a marginal increase qoq. The bank is likely to utilize the contingent provisions for any slippage from the corporate portfolio in stock Brokerages remained bullish & it is one of their top picks among banks. The stock rallied 3.6 % during the quarter and gained more than 20 percent in last one year.The market's expectation for Budget 2020 is solid given the government's vision to push the slowing economy, support industries, increase cash in hand of common-man and increase rural income to boost consumption.The market also expects sector-specific goodies for segments such as auto, infra, realty, aquaculture and housing. Scrappage policy is expected for auto, which may be announced outside the Budget while the future focus will be on electric vehicles (EVs). The market may be a bit inspective given the fudging of the past two years of budgeting while real performance was sluggish. But at the same time, it is commendable that the market feels that a large part of the sudden hike in inflation is due to a sudden one-time increase in prices of specific food items and oil which will subside in the next two to three months . To take further direction the market may want to see more of the ongoing Q3 results, given the marginally higher non-performing assets in recent bank results and actual Budget outcome.