Gold price near record high: Time to bet on Manappuram, Muthoot Finance?
"We believe that the strength in gold prices will sustain in CY23 because of the expected deterioration in the broader macroeconomic indicators both in India as well as globally," it said in a report.
Near term outlook for IT sector not looking great: Sandip Sabharwal
So as long as these companies realise that, as long as they do not think that they will again get investments at very high valuations I think they should do better. Secondly, stating that we will make profits and actually making profits are two different things.
PSU bank stock among 8 smallcaps that would be upgraded to midcaps
AMFI stock categorization is mainly referred to by active equity mutual fund managers. As the stocks move up from lower categorization to higher (say small-cap to mid-cap and midcap to large-cap), it increases their visibility. Fund managers typically further analyse such stocks and add them as per their rationale while complying with the scheme mandate.
Debenture trustees incur risks, fees they charge isn't 'cartelisation', argues Sebi
Sebi made these inferences in a special examination report that it had to submit to the Bombay High Court. The matter would be heard by a division bench of Justice GS Patel and Justice SG Dige on January 4.
Buy V-Guard Industries, target price Rs 310: ICICI Direct
V-Guard Industries key Products/Revenue Segments include Electricals, Consumer Durables, Electronics & Mechanical Components, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.
Indian cos likely to raise funds via public issues in 2023 as cash tightens-bankers
"As rates are settling at higher levels, retail investors would be keen to put funds in public issues," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.
Nifty could move towards 17,500; crucial resistance at 18,000: Swati Ananda Hotkar
“The view on both the indices will remain cautious and stock specific. The market breadth is not doing very well. The 1:4 ratio is there. So the overall view is a little bit cautious. We are not initiating a major long position in this kind of a market because we believe that the downfall is likely to be continued in the coming week as well. ”
Buy V-Guard Industries, target price Rs 310: ICICI Direct
V-Guard Industries, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11705.01 Crore) operating in Consumer Durables sector.
Buy V-Guard Industries, target price Rs 310: Centrum Broking
V-Guard Industries key Products/Revenue Segments include Electricals, Consumer Durables, Electronics & Mechanical Components, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.
Muthoot Finance Ltd has announced its 29th series of public issue of secured redeemable non-convertible debentures (NCDs). The face value of each NCD is ₹1,000.
The issue will open on 28 November and will close on 19 December. However, there will be an option to close the issue......read more
Trade Spotlight | What should you do with Gujarat Gas, Muthoot Finance, Sobha on Wednesday?
Sobha rallied 3 percent to Rs 652 and formed healthy bullish candle on the daily charts for yet another session with above average volumes. The stock has been making higher high higher lows formation for third straight session.
Muthoot Finance aims to grow consolidated AUM by 10% in FY23, MD says
The Non-Banking Financial Company (NBFC) expects to disburse gold loans worth Rs 8,000-9,000 crore every quarter and raise funds worth Rs 300-500 crore through a sale of bonds next month, George Alexander Muthoot said
Muthoot Pappachan Group plans Rs 1,800-cr IPO for MFI arm
The company is planning to raise Rs 1,200 crore of primary capital, and there can be a small offer for sale by the external investors, but none of them has indicated that they want to exit the company, Sadaf Sayeed, the chief executive of Muthoot Microfin, told PTI from New Delhi.
IPO-bound Fusion Microfinance plans secured loan arm for SMEs
The IPO-bound Fusion Microfinance, which has been piloting a small business-focused secured lending book, is commercially launching it from next month as it seeks to fortify its secured portfolio and also drive faster growth.
Varun Beverages, ABB, Page Inds and Tata Elxsi tipped to be large-caps
AMFI will officially announce the new list in the first week of January 2023, which will be valid from February to July 2023. Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, and Bandhan Bank are expected to move from large-cap to mid-cap, according to Nuvama.
Muthoot Finance Ltd. key Products/Revenue Segments include Interest, Service Charges, Income From Sale Of Share & Securities, Sale of services and Dividend for the year ending 31-Mar-2022.
Stocks to buy or sell today: 6 short-term trading ideas by experts for Thursday 29 September
Nifty weekly contract has the highest open interest at 17,000 for Calls and 16,000 for Puts while monthly contracts have the highest open interest at 17,000 for Calls and 16,800 for Puts.
Stocks to buy or sell: 9 short-term trading ideas by experts for Wednesday 28 September 2022
“There were several upside attempts after achieving the 17,160 target, but all of them were rejected summarily, confirming further downsides aiming for 16,860,” Anand James - Chief Market Strategist at Geojit Financial Services, said.
Global PE investors warm up to India's microfinance sector
In one of the biggest investments in the microfinance space in recent times, British International Investment along with existing investors Incofin Investment Management, Nordic Microfinance Initiative (NMI) and Dutch impact investor Triple Jump will be putting in about $25 million or ₹196 crore in Ahmedabad-based Light Microfinance, which has made strides over the past few years.
Greater Pacific Capital to raise its stake in Muthoot Microfin to 16%
The India-focused investor is raising its stake in the financial inclusion space at a time when the country is expected to emerge as the fastest-growing major economy. India has recently earned the distinction of being the fifth largest economy, overtaking the UK.
Did you use the market uptick to correct your regrets? This is what Kunj Bansal did
“In the auto and auto ancillary space, one of the stocks in my portfolio is Sona BLW. It has not done anything in the last one-and-a-half months of its bull run. It has underperformed and probably has gone down also. I do not exactly remember the number. At the same time, I added IDFC First Bank which came out with very good numbers after the June quarter.”
Pressure on ROEs of gold loan cos an area of concern: ICICI Securities
In July, Investec Securities had downgraded its ratings on Muthoot and Manappuram to hold from buy, viewing them as value traps in the context of weak volume growth and increased competition, despite valuations being at near five-year lows. Muthoot shares rose 1% to close at ₹1,039 and Manappuram shares gained 2.3% to end at ₹101.45 on Tuesday.
Should you buy, sell or hold Muthoot Finance after muted Q1 numbers?
During the quarter, loan assets stood at Rs 56,689 crore as compared to Rs 52,614 crore in the same quarter last year, a growth of 8 per cent year-on-year. For April to June period, loan assets declined by Rs 1,364 crore, down 2 per cent.
Hot Stocks: Global brokerages on Zee Entertainment, Muthoot Finance, and Info Edge
CLSA maintained the underperform rating on Muthoot Finance with a target price of Rs 1200 which translates into a marginal upside of over 1 per cent from Rs 1187 recorded on 12 August. Gold loan book contracted while discontinued teaser loans to benefit yields from the next quarter, the brokerage said. The expense ratio remains elevated.
Stocks in the news: LIC, Apollo Hospitals, Bata, Trent, Auro Pharma and Grasim
LIC, Grasim, ONGC, Info Edge, Divi's Labs, Hindustan Aeronautics, Hero Motocorp, Muthoot Finance, Astral, Power Finance Corp, Timken India, ZEE and Sun TV are among the companies that will announce their earnings for the quarter ended June 2022.