” I would like to just buy these midcap IT stocks at slightly more reasonable price to earnings multiples so there is margin of safety,” says Dipan Mehta, Director, Elixir Equities.At what point in time IT becomes what banks were in 2021. 2021, nobody liked banks. Everybody was worried about the impact of impact of … Read more
Mumbai: Housing, vehicle and consumer finance-linked NBFCs are expected to report about a 20% rise in earnings for the March quarter though profit margins may be squeezed due to the rising cost of funds. Bajaj Finance, Cholamandalam Investment and Finance and Shriram Finance may lead the growth due to strong consumer demand and as they … Read more
NEW DELHI: Foreign institutional investors or FIIs are estimated to have splurged about Rs 44,700 crore in 9 stocks during the December quarter. The shopping list is dominated by bank stocks – , and YES Bank. During the quarter, FIIs nearly doubled their shareholding in retail favourite YES Bank from 12.15% to 23.24%. Calculations done … Read more
NEW DELHI: Following changes made in the Union Budget last week and RBI policy on Wednesday, global brokerage firm Jefferies has reshuffled its India model portfolio to add and Cholamandalam Finance by removing . “Our finance team is now incrementally positive on non-bank lenders as the rate hike cycle nears its end,” Jefferies’ Mahesh Nandurkar … Read more
Leading finance companies such as Cholamandalam, Mahindra Finance, HDFC, L&T and Manappuram are seeing a 40-60% higher collections and disbursements from their rural branches. Manappuram microfinance collections have grown from 15% in May to 55% in June. In July, it could touch 75%. Vehicle finance improved from 35% collections in May to 75% in June. … Read more