Pre-Budget picks: Kunal Bothra bullish on Ujjivan Finance, Hero MotoCorp next week
Multi-month, multi-year breakouts likely in DLF, Godrej Properties, Sobha Realty. Next week could also be good for largecap FMCG names like HUL and Britannia. Even Marico could do well, says Kunal Bothra, kunalbothra.co.in. Excerpts from an interview with ETNOW.
PNB shelves plan to sell housing finance unit
PNB's holding in PNB Housing is set to fall to around 27.5% from the current 32.43% when the la...
Sensex gains 227 points, Nifty near 12,250; AU Small Finance Bank rallies 12%
Bank and finance stocks give Sensex a 227 point lift; Nifty nea...
Stock market update: PNB Housing Finance, Zensar Tech among top losers on BSE
In the Nifty pack, 40 stocks were in the green, while 10 stocks were in the red.
Shriram Transport Finance NCD manages to just scrape through
Shriram Transport’s latest NCD issue was rated AA+, an investment grade level one notch below the highest AAA. While retail investors put in Rs 179 crore, HNIs put in Rs 30 crore. These NCDs offered interest rates between 8.5 per cent and 9.1 per cent depending on their tenures. Earlier in January, the Rs 2,000-crore NCD issue of Tata Capital Housing Finance was lapped up by investors.
PNB Housing dives 12% on poor Q3 results
The lender's net interest margin, a key profitability ratio, shrunk to 2.98 per cent for the December quarter, the lowest in last five quarters.
LogiNext scores $39 million in fresh financing round from Tiger Global and Steadview Capital
The company will use the proceeds from the latest round of fund raising to expand its presence to New York, London, and Sydney, while also doubling its workforce, with a focus on ramping up its customer success and research and development teams.
Credit Saison and Capital Float join hands to offer digital financing to SMEs
As part of the agreement, Capital Float and Credit Saison will provide working capital financing to MSMEs, particularly to those from the country’s tier-2 towns and cities and beyond.
HSBC Securities maintains ‘Buy’ on L&T Finance Holdings, target price Rs 150
The brokerage said in the third quarter, L&T Finance delivered stable results despite an uncertain environment.
Brookfield may buy majority stake in IndoStar
Deal likely at about 10% premium to the current market price of the finance company
ICICI Bank could report better advances growth: Kunj Bansal, Sarthi Group
Kunj Bansal, Partner, MD & CIO, Sarthi Group says credit cost and asset quality would have to be watched out for. Margin expansion should be there because the interest rates have been coming down. Excerpts from an interview with ETNOW.
Assam govt to file case against Shaheen Bagh protest
Thousands of people, including women and children, have been protesting since December 15 at Shaheen Bagh and nearby Jamia Millia Islamia against the Citizenship (Amendment) Act (CAA). Assam government is set to file a case against the alleged mastermind of the Shaheen Bagh protests for his 'seditious' comment.
AU, Ujjivan Small Finance Bank rally up to 10% post Q3 results
Net profit of AU Small Finance Bank jumped 99.51 per cent to Rs 190.19 crore in Q3FY20.
Finance Ministry to showcase achievements of financial inclusion at Republic Day parade
Besides DFS, Department for Promotion of Industry and Internal Trade, Department of Drinking Water and Sanitation, NDRF Ministry of Home Affairs, CPWD Ministry of Housing and Urban Affairs, and Ministry of Shipping will also participate in the Republic Day parade, according to a Defence Ministry release.
Stocks in news: RBL, Ujjivan Small Finance Bank, CreditAccess Grameen, Ceat and Shriram Trans
Here are the top stocks that are likely to be in focus in today's trading.Stocks in news: RBL, Ujjivan Small Finance Bank, CreditAccess Gram...
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