Today: 20 March 2026
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NSE:BANKBARODA 2 December 2025 - 5 January 2026

India bank stocks jump up to 8% as CSB Bank hits record high on Q3 update

India bank stocks jump up to 8% as CSB Bank hits record high on Q3 update

CSB Bank shares jumped 7.8% to a record high after reporting 21% deposit growth and a 29% rise in gross advances for the December quarter. Financial stocks rallied, with the BSE Financial Services index and major lenders like State Bank of India and Bank of Baroda hitting new highs. Ujjivan Small Finance Bank also posted strong deposit and loan growth, while its gross NPA ratio improved. Indian benchmark indexes were little changed overall.
India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

Nifty 50 hit a record 26,358.25 before slipping to 26,321 in mid-session, while Sensex hovered near 85,665. Nifty IT dropped 2.5% after a CLSA downgrade, with HCLTech down 3.3% and Tech Mahindra off 2%. The rupee traded near 90.2425 per dollar amid strong dollar demand at the RBI fix. U.S. tariff threats and weak IT weighed on risk appetite.

Stock Market Today

  • Genuine Parts (GPC) Shares Decline Deepens, DCF Model Suggests Undervaluation
    March 20, 2026, 4:45 AM EDT. Genuine Parts (GPC) stock has fallen 7.4% last week and 21.2% over the past month, extending a year-to-date decline of 20.1%. The three-year loss nears 29.8%, with five-year returns down 2.7%. Despite these price drops, a Discounted Cash Flow (DCF) analysis estimates intrinsic value at $165.24 per share, about 40% above the current $99.09 market price, signaling potential undervaluation. The DCF model projects substantial free cash flow growth by 2035, supporting this view. Investors face a critical decision: whether recent price moves reflect Genuine Parts' fundamentals or market sentiment is overly pessimistic. Additional valuation metrics, including price-to-sales multiples, are considered for a holistic assessment.
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