NEW DELHI: Strong global cues and Nifty futures on the Singapore Stock Exchange (SGX) signalled a positive start for domestic stocks on Monday. The firm expects an EBITDA CAGR of 60per cent over FY18-FY20, with return on capital employed expanding 684 bps over the same period. Shares of Lemon Tree Hotels ended down 0.3 per cent at Rs 72.55 on Friday.HSBC has retained reduce rating on PNB and reduced target price to Rs 71 from Rs 92. The firm expects the bank to report a loss for FY19 on the back of higher provisioning and slower loan growth. Shares of Punjab National Bank ended down 0.8 per cent at Rs 82.90 on Friday.FII limit for HDFC Bank opened for 4.3 crore shares.

Source: Economic Times June 04, 2018 02:41 UTC