Business

Big banks are raising salaries for junior staff to counter burnout

Published

3 years ago

May 21, 2023

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush. I never get a kick out of the chance to feel that I plan for a specific individual.

When we say we are just thrilled we mean the ‘just’ in the sense of very, and we also mean the just in the sense of only. In other words there is no other experience of being with you than the thrill of it, the delight of it, the excitement of it. We do not experience exasperation, or impatience, or disappointment, or inadequacy, or sympathy in being your partners. And yet many times we see that you presume or half-expect that we do. And so we begin here by saying to you that the only experience we have as your partners is that of thrill or excitement or joy.

The first aspect of this that is important for you is around your deeply-held stories of what it is like to be with you. And the second important aspect of this opening sentence is around adventure, thrill and excitement. We will come back to that one later.

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents.

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But nothing the copy said could convince her and so it didn’t take long until a few insidious Copy Writers ambushed her, made her drunk with Longe and Parole and dragged her into their agency, where they abused her for their projects again and again. And if she hasn’t been rewritten, then they are still using her.

Charting Goals and Progress | Photo by Unsplash

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.

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Core stories, the kind that frame much of a persona for much of a life, don’t just come running to the surface and present themselves the first time you look. No. Your heart needs to be sure over and over and over again that you really mean it when you say that you want to know who you are. And your heart needs to be sure over and over and over again that you will be compassionate when you do see it.

The will to win, the desire to succeed, the urge to reach your full potential these are the keys that will unlock the door to personal excellence.

This is not a pursuit that can be done in a night, even though the awareness of it can be gained, in terms of the abstract understanding and the value, in a minute. Seeing the core stories upon which you have built your own persona is the summit, the epitome of personal healing. It can take decades and decades of extremely dedicated observation, and that is okay, because this is your work as much as anything else is worth your investment, if not more.

And so when we offer to you today a core story, a foundational aspect of the scaffolding of your personality, understand the enormity of it. You have earned this not from hard work or being a good girl, but because you have given permission for it in countless ways over and over again. Even when you have believed that a previous permission didn’t work very well. You are wrong about that, blatantly wrong. Every single time you have brought yourself to words or sharing or learning of any kind in the true intention for healing and freedom and joy you have been doing it every time without exception.

But in the same way that projects and wealth and children and writing books for that matter are long-term processes with phases that appear to be difficult or totally unproductive or even regressing they are all necessary steps in an evolution. And to keep on giving permission for wherever that evolution goes is your job. And to make sure that it occurs is ours.

A collection of textile samples lay spread out on the table – Samsa was a travelling salesman – and above it there hung a picture that he had recently cut out of an illustrated magazine and housed in a nice, gilded frame. It showed a lady fitted out with a fur hat and fur boa who sat upright, raising a heavy fur muff that covered the whole of her lower arm towards the viewer.

Business

SBI Shares Fall 10% In Three Sessions — Should You Buy, Sell Or Hold?

Published

4 minutes ago

May 11, 2026

Desk Report

Shares of State Bank of India (SBI) Ltd. are under pressure once again on Monday, with the stock currently trading with cuts of more than 3% compared to Friday’s closing price of Rs 1,019.

SBI had emerged as the biggest Nifty loser on Friday, closing the day with a drawdown of almost 6%. In fact, since Wednesday’s close, the stock has fallen more than 10%.

Much of the pressure in SBI shares comes on the back of the lender’s sub-par performance in the fourth quarter, where NII failed to meet expectations while margins compressed.

There were some positives, including the stable asset quality, which remains in two-decadal low levels. And despite the relatively modest growth numbers, brokerages and analysts have largely appeared bullish on SBI.

Should you buy SBI?

Speaking to NDTV Profit, Vice President, Equity Technical Research and Wealth Management, Motilal Oswal, believes investors should avoid bottom-fishing.

“The near term trend for the stocks seems sideways and the stock has not participated in the recent upmove in markets. The stock has resistance around Rs. 1120 while immediate support is placed around Rs. 975. Considering the recent relative underperformance traders should avoid bottom fishing and wait for any trend reversal signs,” he said.

Ambareesh Baliga, an independent market analyst, who looks at the fundamental side of things, has advised investors to wait it out before buying not just SBI but PSU stocks as a whole.

Most brokerages, meanwhile, have given SBI a positive rating even after the Q4 earnings.

Macquarie on SBI

Maintains Outperform with target price of Rs 1150
PAT missed estimates
Weak margins spooks confidence
Earnings miss driven by weak margins and trading losses
NIM impacted by higher proportion of floating book
FY27 NIM guidance ~3% with expectation of yield stabilisation and better CASA mix
FY27 loan growth guidance maintained at 13–15%
Asset quality remains a bright spot

HSBC on SBI

Maintain Buy; Hike TP to Rs 1170 from Rs 1120
Margins a must for re-rating
Q4 results saw a sharp QoQ decline in NIM/NII
Performance on core fees / opex / asset quality was robust
Cut EPS by 0.4-1.7% for FY27/28 to reflect the NIM pressure, offset by stronger fee and controlled expenses

CLSA on SBI

Maintain Outperform with TP of Rs 1275
NIM spoils the party
Good performance on everything except NIM
Strong and balanced loan growth performance
Big miss on NIM; asset quality steady
Temporary setback, but medium-term story unchanged

J.P. Morgan on State Bank of India
Maintains OVERWEIGHT | TP Rs. 1,225 (cut from Rs. 1,260)

4QFY26 results reflects strong advances growth and stable asset quality
Domestic NIM fell due to lower yields from repo‑linked loans
PAT aided by domestic NII and controlled opex but cost/income ratio declined.
Asset quality remained stable, Credit costs helped offset margin pressure.
Management guided for FY27 domestic NIM of ~3%
Margins to be supported by loan repricing, RAM yield and low deposit costs.

Citi on SBI

Maintained Buy Target price retained at Rs1,230
NIM contracted due to EBLR/MCLR repricing and higher floating rate loan mix
cost of deposits eased only slightly to 5.04% vs 5.07%
GNPA improved to 1.49% vs 1.82% FY25 driven by aggressive write-offs
Management sees no asset quality concerns and maintains 50bps credit cost guidance
Earnings estimates cut by 3–4% for FY27E/FY28E due to NIM pressure

Jefferies on SBI

Buy rating maintained; Target price at Rs1,300 unchanged
Weak Q4 is a temporary blip and outlook remains intact
NIM missed estimates due to lower yields on corporate lending
expects NIMs have bottomed and can stabilize in FY27
Loan growth expected to sustain at 13–14% aiding topline
Stock remains among top picks

ALSO READ: Stock Picks Today: Titan, SBI, Swiggy, Hyundai, Lupin And More On Brokerages’ Radar

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Business

Lupin Target Price Cut By Systematix After Q4 Results — Should You Buy, Sell Or Hold?

Published

11 minutes ago

May 11, 2026

Desk Report

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Report

Systematix has revised its target price on Lupin Ltd. to Rs 2,408 (Rs 2454 earlier) on FY28E EPS with a multiple pf 25x and retain ‘Hold’ and lowers its EPS forecast for FY28 by 2%.

The near-term earnings growth may be a challenge for Lupin as they should see impact of competition in their largest portfolio product (gTolvaptan) in FY27.

Potentially gMirabegron may also see competition in FY27 (brokerage’s current expectation is H2-FY28) However Systematix sees recovery in growth post FY28 as they monetize their biosimilar pipeline (Pegfilgrastim, ranibizumab, etanercept) and get additional approvals in the respiratory inhaler space (gDulera).

Company is also looking to file other respiratory inhalers like Spiriva Respimat, Symbicort, Advair HFA which could be monetized over the next two-four years.

Nirmal Bang expects Lupin to deliver revenue/Ebitda/PAT growth of 4%/-8%/-13% respectively over FY26-28E.

Lupin Q4 Earnings Highlights

Lupin reported Q4 FY26 revenue of Rs 74,747 million, up 32% YoY and 4% QoQ. Ebitda at Rs 21,711 mn, surged by 68% YoY and down 1% QoQ.

Ebitda margin at 29%, expanded by 625 bps YoY and down by 178 bps QoQ. Lupin reported profit after tax of Rs 14,603 mn, showing a growth of 89% YoY and reduced 24% QoQ. PAT margin stood at 19.5%, up 591 bps YoY and down by 314 bps QoQ.

Click on the attachment to read the full report:

ALSO READ: Hyundai Motor India Shares: Nirmal Bang Maintains ‘Hold’ After Q4, Sees Limited Upside Despite Growth Visibility

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

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Business

Urban Company Shares Plunge Over 8% After Q4 Loss Widens

Published

18 minutes ago

May 11, 2026

Desk Report

Shares of home-based services provider Urban Company Ltd., fell over 8% on Monday with the stock trading Rs 130.32 intraday. The drop comes after Urban Company posted widening of consolidated loss to Rs 161 crore for March quarter FY26 mainly on account of investment in new service InstaHelp. The company had posted a loss of Rs 2.84 crore in the same period a year ago, as per a regulatory filing.

Urban Company, Founder and CEO, Abhiraj Singh Bhal said InstaHelp exited the fourth quarter with around 27 lakh orders with March alone crossing 11 lakh orders and net transaction value (NTV) of Rs 40 crore from near-zero at the start of FY26.

The company has announced winding up of its Saudi Arabia arm but the process has been delayed due to ongoing Middle East conflict. “We wish to inform that the process has been delayed beyond the originally anticipated timeline owing to prevailing geopolitical factors and related administrative complexities. The winding up/ dissolution process is expected to be completed within the next 5-6 months,” the filing said.

Revenue from operations of Urban Company grew by about 43% to Rs 425.56 crore during the quarter from Rs 298.45 crore in March 2025 quarter.

ALSO READ: Urban Company Q4 Results: Net Loss Rockets Even As Revenue Jumps 43%

Urban Company Ltd. Share Price Today

Urban Company Share Price Today
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The scrip fell as low as 8.14% to Rs 128.30 apiece intraday on Monday at 9:32 a.m. This compares to a 0.92% fall in the NSE Nifty 50 Index.

It has fallen 23.63% in the last 12 months and 3.01% year-to-date. Total traded volume so far in the day stood at 8.02 times its 30-day average. The relative strength index was at 49.21.

Out of seven analysts tracking the company, one maintain a ‘buy’ rating, three maintain a “hold”, and three maintain a “sell” rating, according to Bloomberg data. The average 12-month consensus price target of Rs 133.14 implies an upside of 5.9%

ALSO READ: Urban Company Q4 Review: Morgan Stanley Eyes 7% Downside Despite Target Price Hike — Here’s Why

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