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    Rakesh Jhunjhunwala: Brokerages continue being bullish on Jhunjhunwala’s major banking bet, see up to 44% upside

    Domestic brokerages keep on being bullish on the , Rakesh Jhunjhunwala’s major banking guess, soon after a strong efficiency in the June quarter. The private financial institution, which had announced its earnings on Friday, noted a 63.53 for each cent 12 months-on-year (YoY) rise in web gain at Rs 600.66 crore in comparison with Rs 367.29 crore in the similar quarter previous calendar year. Interest gained for the quarter rose 8.14 per cent YoY to Rs 3,628.86 crore towards Rs 3,355.71 crore in the corresponding quarter last 12 months. Internet interest profits (NII) came in at Rs 1,605 crore as opposed with Rs 1,418 crore YoY. Brokerages are expecting a…