NEWS ON FINANCIALS
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January 16, 2023, Monday
No change in NPV for Reliance Capital, 'number sacrosanct': Torrent
Company goes to NCLT after Hinduja group makes post-auction offer for bankrupt financial services firm
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January 16, 2023, Monday
BoM Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale
State-owned bank may come out with qualified institutional placement of equity shares in the last quarter of FY23
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January 16, 2023, Monday
HDFC Bank shares fall post Q3 as moderating loan, deposit growth weighs
Analysts expect HDFC Bank's stock to perform gradually until the margin profile revives, and the merger-related overhang eases
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January 16, 2023, Monday
PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%
Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further ...
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January 16, 2023, Monday
L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results
After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit ...
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January 16, 2023, Monday
Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard
Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an ...
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January 15, 2023, Sunday
No word from RBI yet on regulatory leeway for HDFC twins' merger
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
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January 14, 2023, Saturday
HDFC Bank's Q3 net profit jumps 18.5% YoY on healthy interest income growth
Strong growth in net interest income boosts bottomline, provisions fall
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January 13, 2023, Friday
Private equity major Apax Partners offloads 2.14% in Shriram Finance
Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece
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January 13, 2023, Friday
CoC approves 90-day extension for Reliance Capital resolution process
Reliance Capital was sent for debt resolution in November 2021 after it defaulted to loans worth Rs 24,000 crore
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January 13, 2023, Friday
Stock of this AMC has zoomed over 100% in one week
The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in ...
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January 13, 2023, Friday
HDFC Bank, ICICI Bank: Will Q3 results ease volatility in banking stocks?
HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500
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January 13, 2023, Friday
HDFC Bank Q3: PAT may grow up to 20% YoY; margin, asset quality seen steady
Outlook on margin trajectory, asset quality in Agri/Unsecured book, and commentary around credit cards, traction in fee income, and the merger ...
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January 13, 2023, Friday
Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial
Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro ...
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January 12, 2023, Thursday
Torrent group bid not compliant, Reliance Capital lenders tell NCLT
The lenders, who are planning a second round of auction for Reliance Capital on January 19th, are seeking a higher valuation for the bankrupt ...
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January 12, 2023, Thursday
Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel
Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.
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January 11, 2023, Wednesday
L&T Finance to increase retail loan portfolio to 75% of total loan book
In the September quarter, the company's retail book for the first time crossed Rs 50,000-crore milestone
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January 11, 2023, Wednesday
Reasonable growth, attractive valuations for life insurers' stocks
Analysts positive on most of the stocks, especially SBI Life, HDFC Life and LIC
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January 11, 2023, Wednesday
Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO
The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency
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January 11, 2023, Wednesday
Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain ...
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January 11, 2023, Wednesday
Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller
Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.
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January 10, 2023, Tuesday
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
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January 09, 2023, Monday
Lenders begin voting to hold second auction for Reliance Capital assets
The voting was held after the National Company Law Tribunal did not stay the second auction after a petition made by Torrent
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January 09, 2023, Monday
Life insurers' new biz premium growth eases to 10% as LIC loses pace
LIC witnessed a moderation in premia because of a decline in group single premia. LIC is the largest player in the group single premium market
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January 08, 2023, Sunday
Lenders may hold another round of auction for cash-strapped RCap
Lenders meet on Monday to vote on the proposal
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January 06, 2023, Friday
Bajaj twins need to sustain these key levels to prevent extended selloff
The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the ...
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January 06, 2023, Friday
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as ...
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January 06, 2023, Friday
Watch out for these key levels on HDFC Life, ICICI Pru, says Mehul Kothari
According to the technical analyst from Anand Rathi, HDFC Life can jump to Rs 660; while ICICI Prudential Life can rally to Rs 510.
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January 06, 2023, Friday
Stocks to Watch: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance
Stocks to watch today: Sebi has acceded to the central government's request to reclassify its shareholding in IDBI Bank after its disinvestment ...
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January 05, 2023, Thursday
BF Investment hits 10% lower circuit as board defers delisting proposal
The stock had hit a multi-year high of Rs 462.10 on Wednesday, ahead of the board meeting, after it surged 58 per cent in four days
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January 05, 2023, Thursday
Mahindra Finance gains 3% as RBI lifts ban on outsourcing loan recovery
On September 22, 2022, the RBI had directed company to immediately cease carrying out any recovery or repossession activity through outsourcing ...
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January 05, 2023, Thursday
Bosch, Uno Minda: Analysts bet on airbag makers on govt push for car safety
Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per ...
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January 05, 2023, Thursday
Day after lower AUM number, Bajaj Finance shares tumble 8%
Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in ...
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January 05, 2023, Thursday
TMS Ep340: RCap, ride-hailing, India Inc's fundraising, Belagavi dispute
Why are Hinduja and Torrent sparring over RCap? Is ride-hailing market ripe for disruption? What are India Inc's fundraising plans for 2023? ...
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January 05, 2023, Thursday
Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports
Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million
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January 04, 2023, Wednesday
RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents
On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents
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January 04, 2023, Wednesday
IndusInd Bank slips 5% in a weak market despite strong Q3 update
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per ...
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January 04, 2023, Wednesday
Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan
RBI gave approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the ...
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January 04, 2023, Wednesday
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr
In the final lap, there were just two bidders in the fray - NARCL, and Authum with an NPV of Rs 5,526 crore
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January 04, 2023, Wednesday
Stocks to Watch: HDFC, IndusInd Bank, PVR, Orient Cement, RIL, IT, FMCG
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food ...
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January 03, 2023, Tuesday
Sebi issues demand notice to Singh brothers in fund diversion case
Failure to pay the fines could lead to attachment and sale of properties
