The Manappuram Finance group, in which Bain Capital is set to buy a 42% stake, has suffered a Rs 203 crore consolidated loss for the fourth quarter on account of its subsidiary Asirvad Micro Finance, which is reeling under severe asset quality stress. The Manappuram group earned a Rs 564 crore net profit in the … Read more
Mumbai: Retail investors were generally less gung-ho about equities in the March quarter in the wake of the market weakness in the period. But that did not stop them from lapping up some of the beaten-down names that were among the top performers for most of 2024, according to a study of retail shareholding of … Read more
“I think that way there is a slight set of headwinds. But I feel given the criteria that RBI seems to be talking about from MFIs and from NBFCs that are lending to retail whether cutting down on usurious loans being made through say digital channels or something like that, there is a potential that … Read more
Shares of Manappuram Finance rose 5.4% to a 52-week high of Rs 207.30 in Tuesday’s trade after subsidiary Asirvad Micro Finance got a nod from Sebi to raise funds through an IPO. Asirvad Micro Finance had filed IPO papers in October last year. The issue will be made through the book-building process, wherein more than … Read more
The stock market has historically performed well during the festive season. Typically, increased consumer spending during the Diwali season tends to boost company revenues and profits, which results in higher stock prices. The positive sentiment and overall favorable optimism around the festivities drive investor confidence in the market. This often leads to increased buying and … Read more
Stocks from capital-intensive sectors, cyclicals and value stocks are expected to do well as long as the investment, commodity and credit cycle continue to remain robust, an ICICI Securities report said. The brokerage has identified over a dozen stocks with ‘Buy’ ratings which it referred to as ‘value stocks’ while cautioning against value traps. The … Read more
Global brokerage Jefferies maintained an underperform rating on HPCL while CLSA retained its buy rating on Manappuram Finance. Credit Suisse has an underperform rating on Dr Lal Pathlabs, and Morgan Stanley upgraded Lupin to overweight post March quarter results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Global brokerage firm BofA Securities maintained a buy rating on Manappuram Finance, Morgan Stanley had an overweight rating on Bharti Airtel, and JPMorgan remained underweight on Pidilite Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Manappuram Finance: Buy | Target Rs 140BofA Securities … Read more
Synopsis From a hospital stock, which has been quietly adding number of beds, to a gold loan-focussed lender, five stocks have seen an improvement in analysts’ score on SR plus and their stock prices have also moved higher. This improvement in score along with rise in prices took place amid wild market swings. Does better … Read more
The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more