Among private banks, ICICI Bank, Axis Bank, and HDFC Bank are identified as top picks, with Kotak Mahindra Bank upgraded from Hold to Buy due to improved valuations.
Jefferies Financial Group Inc.’s profit soared on a rebound in mergers and acquisitions and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to an end.
NEW YORK — NEW YORK — Jefferies Financial Group Inc. (JEF) on Wednesday reported net income of $232.2 million in its fiscal fourth quarter. The New York-based company said it had net income of 93 ...