Indian market is likely to consolidate on Tuesday tracking mixed global cues. Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday. FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 … Read more
Fifteen stocks are under F&O trade ban on Tuesday viz. Aditya Birla Capital, Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL) and Sun TV Network. Gujarat Narmada Valley Fertilizers … Read more
VP Nandakumar, MD, Manappuram Finance, says that the company has not been impacted by RBI’s new regulations. He feels it is positive because the company is fully prepared for that through their online gold loan schemes, etc. The profitability remained pretty robust. Next year also on a consolidated level, they expect a CAGR of 20% … Read more
Mumbai: Shares of IIFL Finance plunged 20% Tuesday, the lowest tradeable limit of the day, after the Reserve Bank of India asked the company to stop disbursing and sanctioning gold loans with immediate effect on Monday. Manappuram Finance and Muthoot Finance, two of the country’s top gold financing companies, rose as the central bank’s move … Read more
Equity indices bounced back from intraday lows to settle higher on Wednesday. The 30-share Sensex settled 271 points higher at 71,657 and the Nifty advanced 73 points to 21,618. Stocks that were in focus included names like HCL Tech, which rose 2.03%, Delta Corp, which jumped 2.9%, and Manappuram, whose shares declined 4.8% on Wednesday. … Read more
Neeraj Chadawar, Head of Quant Strategy, Axis Securities, says “we firmly believe that the Indian economy is rightly placed and continues with the growth momentum and we continue to believe in double-digit returns. Given the valuations are stretched at current juncture, we believe that bottom-up theme is the best place to identify the stock based … Read more
Brokerage firm CLSA has a buy rating on Ashok Leyland, Goldman Sachs recommended a buy on Container Corp, Investec maintained a buy on Jindal Stainless and Motilal Oswal recommended a buy on Manappuram Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on Container Corp: … Read more
Eleven stocks are under F&O trade ban on Wednesday, November 22, 2023 viz. Bharat Heavy Electricals (BHEL), Chambal Fertilizers, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), NMDC, RBL Bank and Zee Entertainment Enterprises (ZEEL). The Future & Options contracts of any stock enter … Read more
GIFT Nifty on the NSE IX traded 18 points, or 0.09 per cent, higher at 19,808, signaling that Dalal Street was headed for positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons. Here are the companies that will be on investors’ radar on Friday: DelhiveryJapanese tech … Read more
BENGALURU: Manappuram Finance Ltd on Monday reported a bigger-than-expected rise in second-quarter profit, aided by strong demand for loans. The gold financing company’s consolidated net profit rose nearly 37% to 5.58 billion rupees ($67.01 million)for the quarter ended Sept. 30, beating analyst expectations of 4.98 billion rupees, according to LSEG data. Gold prices hit a … Read more