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JMFINANCIL

7012345678930123456789.9012345678900123456789
+0.70 (+0.96%)
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Previous Close: 73.2
1D
5D
1M
3M
1Y
5Y
MAX
Today's low
73.25
Today's high
74.6
52 week low
57.85
52 week high
74.6
Volume
941820
About
Tech Summary
DMA(12)
₹74.26
DMA(50)
₹71.66
DMA(100)
₹67.93
DMA(200)
₹66.79
Fund Summary
Market Cap
₹7055.97 Cr.
Enterprise Value
₹17956.04 Cr.
No. of Shares
95.48
P/E
11.81
RoE
13.56
Debt/Equity
1.76
Valuations
PE Chart
18202224262830
PB Chart
0.700.750.800.850.900.95
Promoter Holdings
Public : 14.81%
FII : 21.24%
DII : 7.46%
Promoter : 56.49%
Others : 0%
Charts
Debt/Equity
1.82.02.22.42.6
Mar, 2019Mar, 2020Mar, 2021Mar, 2022
ROE vs ROCE
12141618
Mar, 2019Mar, 2020Mar, 2021Mar, 2022
ROE
ROCE
Revenue vs Profitability (1000Cr.)
1.01.52.02.53.03.54.0
Mar, 2019Mar, 2020Mar, 2021Mar, 2022
Revenue
Profit
Margins(%)
304050607080
Mar, 2019Mar, 2020Mar, 2021Mar, 2022
Net Margin
Gross Margin
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Stock Sentiments
100% Bullish
0% Bearish
35 live trades of Rs. 2,126,942.1
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Yesterday 4:26 PM
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2500 Qty (S) Exited-₹1,000
Posts by FrontPage Users
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Reputation: 44,719  •  May 31 3:21 AM
Aureus Investment to sell 3.2% stake in Sona BLW via block deal on Wednesday: Report
Aureus Investment to sell 3.2% stake in Sona BLW via block deal on Wednesday: Report
Aureus Investment Pvt Ltd plans to sell a 3.25% stake in Sona BLW Precision Forgings for INR950 crore ($115m) through a block deal, with the floor price for the sale being INR500 a share. The sale will involve up to 19 million shares, with the base size of 12 million shares, and the block will take place on 23 June. In March, private equity company Blackstone sold its remaining 20.5% stake in Sona BLW, which resulted in strong demand from foreign investors.
The Economic Times
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Reputation: 44,719  •  May 30 5:01 PM
Buy Rolex Rings, target price Rs 2500:  JM Financial
Buy Rolex Rings, target price Rs 2500: JM Financial
The brokerage expects the company to clock sales/EPS CAGR of 18%/17% over FY23-25E as it expects a) increase in wallet share with customers, b) transition to EVs to provide next leg of growth and c) new customer additions.
The Economic Times
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Reputation: 44,719  •  May 30 4:56 PM
Buy Archean Chemical Industries, target price Rs 665:  JM Financial
Buy Archean Chemical Industries, target price Rs 665: JM Financial
Archean Chemical Industries, incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 6670.09 Crore) operating in Chemicals sector.
The Economic Times
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Reputation: 44,719  •  May 30 12:11 PM
Sun facing some clouds is still a buy for analysts
Sun facing some clouds is still a buy for analysts
Shares declined nearly 2.5% in Monday's trading before recouping most of its losses. The stock eventually closed at ₹968.50, down 0.14% from the previous close. More than 5.6 million shares exchanged hands on the BSE and NSE on Monday, over twice its combined average daily volume for the last month.
The Economic Times
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Reputation: 44,719  •  May 29 5:46 PM
ONGC shares fall over 4% after Q4 profit declines 53%. What should investors do now?
ONGC shares fall over 4% after Q4 profit declines 53%. What should investors do now?
ONGC's consolidated net profit fell 53% YoY to INR 5,701cr ($768m) for the March quarter, while revenue from operations increased 5% YoY to INR 1.64 lakh crore. On a standalone basis, ONGC reported a net loss of INR 248cr, compared to a profit of INR 8,860 crore in the same quarter last year. Brokerage firms have mixed views on the company: JM Financial has maintained its buy rating, while YES Securities suggests adding the shares, and ICICI Securities recommends buying with a target price of INR 164 ($2.21).
The Economic Times
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Reputation: 44,719  •  May 29 5:21 PM
Buy Oil And Natural Gas Corporation, target price Rs 200:  JM Financial
Buy Oil And Natural Gas Corporation, target price Rs 200: JM Financial
The brokerage has cut its FY24 PAT estimate by 5% and FY25 PAT estimate by 15% to factor in higher continued provision for SC/GST on royalty, higher dry well write-off, and weak FY23 results. Hence, it has further slashed its TP to INR 200/share (from INR 220/share).
The Economic Times
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Reputation: 44,719  •  May 29 2:31 PM
ETMarkets Smart Talk: Vinay Jaising decodes 3 reasons why India could outperform global peers in 2H2023
ETMarkets Smart Talk: Vinay Jaising decodes 3 reasons why India could outperform global peers in 2H2023
We are now trading at 20 x F2024 earnings, which is in line with our 5-year average multiples. However, if we were to look at YTD numbers, MSCI India is down 2%, underperforming NASDAQ by 23% and MSCI World by 10% and MSCI EM by 4%.
The Economic Times
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Reputation: 44,719  •  May 29 12:13 PM
Hot Stocks | Here's why you should bet on Cummins India, JM Financial for short term
Hot Stocks | Here's why you should bet on Cummins India, JM Financial for short term
Cummins India has been a steady outperformer in the capital goods space for the last many months now. The stock has seen a series of ‘Higher Highs Higher Lows’ in all time frame charts without any major correction.
Moneycontrol
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Reputation: 44,719  •  May 26 5:31 PM
Does LIC's multifold jump in Q4 profit make it a buy? What brokerages say
Does LIC's multifold jump in Q4 profit make it a buy? What brokerages say
Life Insurance Corporation of India (LIC) has reported a standalone net profit of Rs 13,428 crore for Q4 FY23, a 466% increase YoY, prompting brokerages including Motilal Oswal, Axis Securities and JM Financial to recommend "Buy" on the stock, while Emkay has maintained its "Hold" rating. LIC's net premium income fell 8% to Rs 1.31 lakh crore during the March quarter, compared to last year. The company's first-year premium for the period totalled Rs 12,811 crore, down 12% YoY. Its net commission rose 5% to Rs 8,428 crore, while the full-year profit fell 10% to Rs 36,397 crore.
The Economic Times
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Reputation: 44,719  •  May 26 11:46 AM
Happy Forgings plans up to Rs 1,200 crore IPO
Happy Forgings plans up to Rs 1,200 crore IPO
Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.
The Economic Times
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Reputation: 44,719  •  May 25 3:41 PM
Buy Hindalco Industries, target price Rs 535:  JM Financial
Buy Hindalco Industries, target price Rs 535: JM Financial
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 91438.35 Crore) operating in Metals - Non Ferrous sector.
The Economic Times
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Reputation: 44,719  •  May 25 12:26 PM
Poonawalla Fincorp trumps Federal Bank in market valuation
Poonawalla Fincorp trumps Federal Bank in market valuation
Adar Poonawalla-led Poonawalla Fincorp closed at ₹348.15 apiece on the BSE on Wednesday, up 0.61% from the previous close. Shares of Kochi-based Federal Bank closed at ₹123.85, down 1.43% from the previous close.
The Economic Times
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Reputation: 44,719  •  May 25 2:41 AM
Vodafone Idea Q4 Preview: Co likely to remain in red on subscriber losses, muted revenue
Vodafone Idea Q4 Preview: Co likely to remain in red on subscriber losses, muted revenue
The telecom operator is expected to post a consolidated net loss of Rs 7,524 crore, according to the average of estimates given by 4 brokerages. This would be higher than the loss of Rs 6,563 crore posted a year ago. On a sequential basis, however, the losses are seen narrowing. The company will release its quarterly numbers on Thursday. Consolidated revenue for the quarter is seen rising 3% on year to Rs 10,543 crore, but falling by around 1% sequentially.
The Economic Times
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Reputation: 44,719  •  May 24 12:31 PM
Brokerages bullish on PB Fintech, raise price targets
Brokerages bullish on PB Fintech, raise price targets
Shares of PB Fintech opened over 5% higher in Tuesday's trading but could not hold on to any gains, ending at ₹617 on the NSE, down 0.35% from the last close.
The Economic Times
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Reputation: 44,719  •  May 24 12:21 PM
Analysts hopeful of BPCL's recovery post strong Q4
Analysts hopeful of BPCL's recovery post strong Q4
Shares of BPCL surged as much as 2.6% before closing the day at ₹366.20 apiece on the NSE, up 1.27% from the previous close.
The Economic Times
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Reputation: 44,719  •  May 23 5:11 PM
PB Fintech shares rise 6% after Q4 losses narrow. How to trade now?
PB Fintech shares rise 6% after Q4 losses narrow. How to trade now?
Shares of PB Fintech, the parent company of Policybazaar, rose 5.6% following a significant reduction in its Q4FY23 losses to Rs 8.9 crore, compared to last year's Rs 220 crore. Revenue from operations rose 61% YoY to Rs 869 crore. Brokerage firm Morgan Stanley gave an 'overweight' call on the counter, Kotak maintained an 'add,' and JM Financial recommended a 'buy.' Nuvama suggested a 'hold' for the stock. Morgan Stanley estimates that further premiums mobilized in the quarter were worth ~Rs40-50mn. However, contributions of such business to premiums and revenues were low.
The Economic Times
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Reputation: 44,719  •  May 23 12:01 PM
Analysts expect volumes & value-adds to drive growth at JSW Steel, offset debt
Analysts expect volumes & value-adds to drive growth at JSW Steel, offset debt
Currently the largest steelmaker in India with a production capacity of 27 million tonnes, JSW Steel is in the process of adding another 10 MT of production capacity by the end of FY25, which includes brownfield expansion at the Vijayanagar facility and Bhushan Power.
The Economic Times
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Reputation: 44,719  •  May 22 5:11 PM
How to trade Bandhan Bank shares after Q4 earnings? Here's what brokerages say
How to trade Bandhan Bank shares after Q4 earnings? Here's what brokerages say
Bandhan Bank's Q4FY23 showed improved asset quality leading several top brokerages to maintain their buy rating and forecasting short-term upside. Jefferies has kept its buy rating on the stock with a target price of Rs 340, while Kotak Institutional Equities has raised its target to Rs 280. Bank of America has a neutral stance with a target price of Rs 280, and Motilal Oswal reiterated their neutral rating with a target price of Rs 265. HDFC Securities has suggested adding the stock, with a revised target price of Rs 270.
The Economic Times
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Reputation: 44,719  •  May 22 4:01 PM
Buy Zomato, target price Rs 105:  JM Financial
Buy Zomato, target price Rs 105: JM Financial
Zomato, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 55586.34 Crore) operating in Services sector.
The Economic Times
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Reputation: 44,719  •  May 22 3:51 PM
HUL vs ITC: Where did FIIs, MFs & retail investors put their money over last 4 quarters?
HUL vs ITC: Where did FIIs, MFs & retail investors put their money over last 4 quarters?
Foreign portfolio investors have consistently increased their stakes in India's ITC, making the cigarette-to-hotels firm the best-performing stock in the consumer staples sector with gains of 62% over the past year. Meanwhile, retail investors have been reducing their holdings of the company for three consecutive quarters. Mutual fund activity in ITC has been volatile, with an overall trimming of stakes in Q1. The cumulative holding of retail investors in FMCG bellwether Hindustan Unilever was 10.61% at the end of Q1 compared with 11.20% at the end of Q2 2021.
The Economic Times
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Reputation: 44,719  •  May 22 3:51 PM
Buy JSW Steel, target price Rs 720:  JM Financial
Buy JSW Steel, target price Rs 720: JM Financial
Strong growth pipeline and increased focus on cost efficiency augurs well for the company.
The Economic Times
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Reputation: 44,719  •  May 22 3:41 PM
Buy NTPC, target price Rs 205 :  JM Financial
Buy NTPC, target price Rs 205 : JM Financial
NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 168043.22 Crore) operating in Power sector.
The Economic Times
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Reputation: 44,719  •  May 20 12:11 AM
Zomato continues to watch ONDC progress closely; claims it gained market share in Jan-Mar
Zomato continues to watch ONDC progress closely; claims it gained market share in Jan-Mar
Zomato on Friday reported a 70% year-on-year jump in its operational revenue for the March-quarter to Rs 2,056 crore, and its net loss narrowed to Rs 187.6 crore in the quarter, compared to Rs 359.7 crore in the year-ago period.
The Economic Times
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Reputation: 44,719  •  May 19 11:36 PM
Control is back in your hands: NRAI advises restaurants on ONDC
Control is back in your hands: NRAI advises restaurants on ONDC
The ONDC platform has started by offering prices 30-80% lower to consumers and charging significantly lower commissions from restaurants, compared to established food delivery platforms Swiggy and Zomato. In addition, it provides restaurants access to consumer data which can help them to customise offers and promotions.
The Economic Times
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Reputation: 44,719  •  May 19 5:41 PM
Sebi’s new proposal may lead to Rs 1,400 crore blow to mutual fund houses
Sebi’s new proposal may lead to Rs 1,400 crore blow to mutual fund houses
The asset management companies are facing a Rs 1,400 crore shock from the markets regulator, Sebi, which has proposed a cap on fees. This would lead to under-recovery of Rs 1,402 crore. The new proposed changes, which may get implemented after 6 months, are part of Sebi's plan to improve transparency and pass on the benefits of economies of scale to investors. Under the current regulations, mutual fund schemes can charge four additional expenses beyond the expense limits - brokerage
The Economic Times
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Reputation: 44,719  •  May 19 4:06 AM
ONDC plans to levy charges on participants to sustain the network's costs
ONDC plans to levy charges on participants to sustain the network's costs
The comments have come at a time when brokerages and research firms have questioned the sustainability of ONDCs model, which is currently driven by discounts and subsidies.
The Economic Times
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Reputation: 44,719  •  May 18 4:41 PM
Buy Devyani International, target price Rs 200:  JM Financial
Buy Devyani International, target price Rs 200: JM Financial
Devyani International, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 21998.49 Crore) operating in Tourism & Hospitality sector.
The Economic Times
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Reputation: 44,719  •  May 18 4:31 PM
Buy SKF India, target price Rs 5200:  JM Financial
Buy SKF India, target price Rs 5200: JM Financial
SKF India key Products/Revenue Segments include Bearings & Components, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
The Economic Times
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Reputation: 44,719  •  May 18 4:21 PM
Buy Bharti Airtel, target price Rs 940:  JM Financial
Buy Bharti Airtel, target price Rs 940: JM Financial
Bharti Airtel, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 475335.02 Crore) operating in Telecommunications sector.
The Economic Times
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Reputation: 44,719  •  May 18 3:46 AM
Jindal Steel shares slip post earnings, but analysts maintain positive view
Jindal Steel shares slip post earnings, but analysts maintain positive view
Jindal Steel and Power's stock price falls sharply after weak earnings for the March quarter. However, analysts maintain their positive view for the company, given its strong balance sheet and prospects of improvement in profitability over the medium term. The company plans to raise its production capacity to nearly 16 million tonne by 2024-25 (Apr-Mar) from 9 million tonne currently to strengthen its foothold in flat steel products. Multiple growth and margin accretion projects, which are scheduled to commission in the next
The Economic Times
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Reputation: 44,719  •  May 17 11:01 PM
Jindal Steel shares plunge over 5% on weak Q4 earnings. What should investors do?
Jindal Steel shares plunge over 5% on weak Q4 earnings. What should investors do?
Jindal Steel & Power shares plunged over 4% after the company reported a 70% year-on-year drop in net profit for the quarter ended March 31, 2023. The stock closed at Rs 532 on the NSE and was down by Rs 29 or 5% from Tuesday's closing price.
The Economic Times
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Reputation: 44,719  •  May 17 9:51 PM
ONDC nowhere close to shaking up online food tech industry: JM Financial
ONDC nowhere close to shaking up online food tech industry: JM Financial
Investment banking firm JM Financial in a report said the current commissions charged by network participants are not sustainable.
The Economic Times
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Reputation: 44,719  •  May 16 5:26 PM
Buy Kirloskar Ferrous Industries, target price Rs 500:  JM Financial
Buy Kirloskar Ferrous Industries, target price Rs 500: JM Financial
Kirloskar Ferrous Industries, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 6190.94 Crore) operating in Metals - Ferrous sector.
The Economic Times
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Reputation: 44,719  •  May 14 3:36 PM
Karnataka election results impact: What to expect when markets reopen on Monday?
Karnataka election results impact: What to expect when markets reopen on Monday?
The recent election in Karnataka, India, which saw Indian National Congress emerge as a clear winner, is expected to have little impact on domestic stock markets as much of the outcome had already been factored in by investors, according to analysts. The Nifty index was up 0.79% for the week and fared well despite the upcoming general elections in 2024. While experts point to a possibility of some profit taking, a break above the key resistance level of 18,440 could lead to further gains, potentially reaching the 18,630 – 18,690 range.
The Economic Times
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Reputation: 44,719  •  May 12 8:41 PM
Jio added around 4X active users vs Airtel in Feb, Vi cedes more ground: Analysts
Jio added around 4X active users vs Airtel in Feb, Vi cedes more ground: Analysts
The muted growth in Airtels active subscriber base can be attributed to a limited impact of the entry level tariff hikes it implemented in pre-paid, analysts said. Vodafone Idea continued to lose active subs (0.8 million), even as the total active subscriber base rose to 1,028 million, according to data collated by the Telecom Regulatory Authority of India (Trai).
The Economic Times
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Reputation: 44,719  •  May 12 7:21 PM
Ujjivan SFB shares rise 5% post Q4 results. Should you buy it?
Ujjivan SFB shares rise 5% post Q4 results. Should you buy it?
Ujjivan Small Finance Bank recorded a Q4 FY23 net profit of INR 310 crore ($41m) – nearly two and a half times the previous year's figure – due to improved business growth and a reduction in credit costs. The Indian bank's gross loan portfolio grew 33% to INR 24,085 crore and its net interest income rose 36% to INR 738 crore YoY. Some analysts suggest a buy rating based on the bank's sustained profitability and improved performance trajectory following its 100-day action plan, which included new business strategies for asset quality, retention, and growth.
The Economic Times
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Reputation: 44,719  •  May 12 6:21 PM
Jupiter Hospital files DRHP with Sebi for Rs 900-1,100 crore IPO
Jupiter Hospital files DRHP with Sebi for Rs 900-1,100 crore IPO
Sources told ET that the total IPO size would be Rs 900 - 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.
The Economic Times
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Reputation: 44,719  •  May 11 6:51 PM
Gujarat Gas shares climb over 6% even after Q4 profit falls 16%. Should you buy it?
Gujarat Gas shares climb over 6% even after Q4 profit falls 16%. Should you buy it?
Shares of Gujarat Gas rose by 6.5% to hit Rs. 593 despite reporting a 16% YoY fall in net profit. The company's Q4 revenue was at Rs. 4,073.82 crores, a YoY decline of 14%. Gujarat Gas declared a dividend of Rs. 6.5 per equity share. Several analysts reiterated a buy rating with target prices ranging from Rs. 565 to Rs. 610. JM Financial believes that the company's volume growth will be led by the rise in gas demand in the industrial segment, while ICICI Securities projects good returns from Gujarat Gas' stock due to the probability of a buyback.
The Economic Times
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Reputation: 44,719  •  May 11 5:01 PM
Dr Reddy's tumbles 7% post Q4 results! Here's what brokerages recommend
Dr Reddy's tumbles 7% post Q4 results! Here's what brokerages recommend
Dr Reddy's Laboratories reported an 890% YoY surge in March quarter profit at Rs 960.1 crore but shares tumbled nearly 7% to Rs 4,545 in Thursday's trade. While its revenue from operations increased by 15.28% YoY to Rs 5,843 crore, total expenses were down 4% at Rs 5,132.2 crore. US revenues fell 17% QoQ. Jefferies maintained its Buy rating on Dr Reddys Laboratories with a target price of Rs 5,650, while Prabhudas Lilladher downgraded the stock to Reduce with a revised target price of Rs 4,500 from Rs 4,900.
The Economic Times
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Reputation: 44,719  •  May 11 11:36 AM
JSW Infrastructure files papers for Rs 2,800-cr IPO
JSW Infrastructure files papers for Rs 2,800-cr IPO
The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.
The Economic Times
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Reputation: 44,719  •  May 11 1:26 AM
Nexus Select Trust REIT IPO receives 57% subscription on Day 2 of offer
Nexus Select Trust REIT IPO receives 57% subscription on Day 2 of offer
Nexus Select Trust, the first Real Estate Investment Trust (REIT) backed by rent-yielding retail real estate assets, has been subscribed 57% on the second day of the Rs3,200 crore ($434m) Initial Public Offering (IPO), according to an update. The non-institutional investors' category has been fully subscribed while the qualified institutional buyers share was subscribed 17%. Blackstone sponsors the REIT, which has a portfolio of 17 operational shopping malls, two hotels and office spaces across 14 cities in India including New Delhi's Select City Walk. The issue runs until 11 May.
The Economic Times
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Reputation: 44,719  •  May 10 6:26 PM
Buy Blue Star, target price Rs 1600:  JM Financial
Buy Blue Star, target price Rs 1600: JM Financial
Blue Star, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 13619.75 Crore) operating in Consumer Durables sector.
The Economic Times
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Reputation: 44,719  •  May 10 5:46 PM
Buy ABB India, target price Rs 4100:  JM Financial
Buy ABB India, target price Rs 4100: JM Financial
ABB India, incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 80844.10 Crore) operating in Engineering sector.
The Economic Times
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Reputation: 44,719  •  May 10 4:46 PM
IT stocks: Q4 worst since Covid days but dividend, buybacks can keep doomsday away
IT stocks: Q4 worst since Covid days but dividend, buybacks can keep doomsday away
Indian IT companies have posted their worst results in 11 quarters, and stocks in tier-one tech firms have dropped up to 21% in the past three months. Weak demand for IT services is squeezing earnings, while there is little expectation of recovery in the first two quarters of the 2023 financial year, resulting in signs of a slowdown. As a result, BofA Securities, despite analysts being slightly overweight on the sector, has issued an underweight on Indian IT stocks with neutral ratings for Infosys and TCS, and predicting that Wipro and Tech Mahindra will underperform.
The Economic Times
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Reputation: 44,719  •  May 10 4:16 PM
JSW Infrastructure files DRHP to raise Rs 2,800 crore via IPO
JSW Infrastructure files DRHP to raise Rs 2,800 crore via IPO
"JSW Infrastructure has filed DRHP to raise up to Rs 2,800 crore through IPO route. The ports business of the JSW Group has filed the DRHP for its initial public offering with SEBI on May 9, 2023," sources said.
The Economic Times
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Reputation: 44,719  •  May 10 3:16 PM
Q4 Results today: What to expect from L&T, Dr Reddy’s, Godrej Consumer
Q4 Results today: What to expect from L&T, Dr Reddy’s, Godrej Consumer
Several Indian companies, including Larsen & Toubro, Godrej Consumer Products, and Dr Reddys Laboratories, are expected to record double-digit growth in their topline and bottomline figures for the March quarter due to healthy execution and strong order books. L&Ts core engineering business is expected to drive the topline with a healthy opening order book. Meanwhile, Revlimid, the cancer drug, is expected to have contributed significantly to growth in Dr Reddys US sales. Godrej Consumer Products is expected to perform well due to an anticipated rebound in Indonesia.
The Economic Times
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Reputation: 44,719  •  May 10 3:36 AM
Look at privately placed NBFC paper while building a bond kitty
Look at privately placed NBFC paper while building a bond kitty
High-yield bonds are growing in demand among retail savers in India after the removal of indexation benefits on debt held beyond three years. Non-bank lenders are raising funds via the private placement market, with NBFC bonds initially privately placed and sold to large brokers who then sell them to retail savers. A relatively underpopulated corporate fixed deposit space, and the lack of non-convertible debenture issuance in the primary market, are prompting retail investors to turn to these private placement products. Private placement bonds have a face value of INR1 lakh ($1,344), compared to INR10 lakh a year ago.
The Economic Times
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Reputation: 44,719  •  May 9 5:26 PM
Hold Tata Consultancy Services, target price Rs 3420:  JM Financial
Hold Tata Consultancy Services, target price Rs 3420: JM Financial
Promoters held 72.3 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.72 per cent, DIIs 9.53 per cent.
The Economic Times
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