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SRS Finance in the limelight

about 10 years ago

An NBFC with a market cap of over Rs.100 crore, SRF Finance is doing well on the bourses today. Up 5% at Rs11.55, with a 52-week high of Rs.39 and low of Rs.10.52, the stock is the limelight. The reason – the company had a Board meeting on 15th July to consider stock split – it w ...

Muthoot Finance at a new high

about 10 years ago

Muthoot Finance is today amongst the top gainers on the BSE, hitting a new 52-week high at Rs.340, up almost 7%. The stock price hit a high on the back of its very good performance for Q1FY17. It has registered an increase in net profit of 48% (YoY) at Rs.270 crore. Retail loans registered a ...

Bajaj Finance jumps over 7%

about 8 years ago

Bajaj Finance is among the top five gainers on the BSE, going up over 7% to Rs.2230 and thanks to its surge, the feel-good factor has spread to other NBFCs too.

Muthoot Finance jumps up over 9%

about 8 years ago

Muthoot Finance is the top gainer on the BSE currently, rising over 9% to Rs.435.85. Volumes have jumped up almost 14 times.

GRUH Finance rises poist Q4

about 9 years ago

GRUH Finance is amongst the top five gainers on the BSE currently, going up 6.5% to Rs.651.50 and from there, it dropped and is now at Rs.645, up almost 5.5%.

GRUH Finance slumps post Q3

about 9 years ago

GRUH Finance is the top loser on the BSE currently despite posting a healthy set of numbers for Q3FY18. But this is more account of profit booking because in a run-up to the numbers, it had risen quite a bit

Manappuram Finance

about 10 years ago

Manappuram Finance is the top gainer on the BSE, going up to an intra day high at Rs.105, inches close to its 52-week high of Rs.106.75. Volumes have spurted up almost

Tourism Finance gets the 'midas touch'

about 10 years ago

Tourism Finance Corporation breached the upper circuit at Rs.63 yesterday and today, clocking in volumes of over 5 times, it hit a new 52-week high at Rs.70.50. The reason for this euphoria is that Rakesh Jhunjhunwala owned company, Insync Capital Partners bought 4.25 lakh shares of the comp ...

Bajaj Finance - Extremely Conservative Guidance on Asset Quality

about 5 years ago

Bajaj Finance is not even aiming to reach the pre-covid level in the next 9 months, which highlights how severe is the stress is.

Gruh Finance in a "Bandhan"

about 8 years ago

Gruh Finance is the top most trending stock on the social media today. The stock rose over 3.2% to Rs.329 in the morning

Bajaj Finance hits life time high

about 10 years ago

Bajaj Finance announced today that its Board will be meeting on 26th July to consider issue of bonus shares and also go for a stock split. The company will also be considering its Q1FY17 results on the same day. This news took the market by complete surprise and it is celebrating this by cat ...

Manappuram Finance down 5% on strong volumes

about 11 years ago

Manappuram Finance is down 5% at Rs. 21, very close to the day’s low price of Rs. 20.95, being the top loser on BSE. Volumes on the counter are very strong, especially post 1 pm this Wednesday afternoon. So far, over 27 lakh shares have been traded on NSE, as against the 2 week average dail ...

L&T Finance builds up

about 11 years ago

Last month the news on L&T Finance was that consulting firm, Bain Capital was close to acquiring a minority stake in the company and the deal was valued at $350 million. This is yet to happen. And today, the news is that Warburg Pincus, the US based PE fund is looking at buying a 25% sta ...

L&T Finance slips into red

about 13 years ago

L&T Finance is amongst the top three losers on the BSE currently. The stock opened much weaker and tanked to an intra day low at Rs.77.55. It presently remains almost 3.5% down. The stock has slipped into the red since morning, reacting to the floor price it announced yesterday. The comp ...

L&T Finance down 5%

about 13 years ago

L&T Finance Holding is currently the top loser on the BSE, down 5% at Rs.75.25, while yesterday it had hit a new 52-week at Rs.88.25. This turnaround in moods from high to sell came in on the back of news that to comply with SEBI’s stipulation of 25% public holding, parent company, ...

L&T Finance zooms to top gainer

about 13 years ago

L&T Finance Holdings is currently the top gainer of the day, up almost 4.5% at Rs.84.65, with an intra day high at Rs.85.65 while volumes have jumped over one time. The stock is tantalizingly close to its 52-week high of Rs.86.15. The stock is up after the NSE announced that it has decid ...

L&T Finance up on the buzz

about 13 years ago

The market opened today morning with L&T Finance jumping up to become the top gainer on the BSE. With an over 2 times jump in volumes, the stock hit an intra day high at Rs.78.45 and is currently at Rs.77.65, up over 3.5%. The stock is up on news reports that the Jalan Committee, set up ...

L&T Finance hits new low

about 8 years ago

L&T Finance is among the top five losers on the BSE currently, down over 12% at Rs.112.20, hitting a new 52-week low.

Manappuram Finance slumps

about 7 years ago

Three days ago, Manappuram Finance had hit an all-time high of Rs.141 but today, it breached the 10% LC at Rs.123.90;

VLS Finance in the limelight

about 13 years ago

VLS Finance is in the limelight today morning. The stock is up 5.5% at Rs.13.29, with an intra day high at Rs.13.45. The stock is up on expectations of buy back price being announced tomorrow at the Board Meeting. Promoters currently hold 40.42%stake, while rest, 59.58% stake is held by the ...

GRUH Finance rises 8%

about 7 years ago

GRUH Finance is up among the top five gainers on the BSE since opening bell. The stock price opened over 4.5% higher at Rs.266.10, rising to an intraday high at Rs.268.95,

SAMVARDHANA MOTHERSON FINANCE

about 15 years ago

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L&T Finance

about 15 years ago

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NCD Issue - INDIA INFOLINE FINANCE

about 14 years ago

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NCD ISSUE - INDIA INFOLINE FINANCE

about 13 years ago

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NCD ISSUE - ECL FINANCE

about 13 years ago

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AU Small Finance Bank

about 9 years ago

Verdict :Asking for gold!
Subscription Start Date :28 Jun 2017 End Date :30 Jun 2017
Issue Size : 1,913 crore, Issue Type : OFS
Price Band : Rs.355 to Rs. 358
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Overall Subscription : 53.49x
QIB : 78.77x,HNI :143.51x,Retail :3.31x,Other :1.4x
Listing Date : 10 Jul 2017, , Listing Price : 522

Fusion Micro Finance

about 4 years ago

Can be Skipped
Subscription Start Date :2 Nov 2022 End Date :4 Nov 2022
Issue Size : 1104 cr, Issue Type : Fresh cum OFS
Price Band : Rs.350 to Rs. 368
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Overall Subscription : 2.95x
QIB : 8.59x,HNI :1.38x,Retail :0.51x
Listing Date : 15 Nov 2022, , Listing Price : 360

SBFC Finance

about 3 years ago

Asset Quality dims AUM Growth
Subscription Start Date :3 Aug 2023 End Date :7 Aug 2023
Issue Size : 1,025 cr, Issue Type : Fresh cum OFS
Price Band : Rs.54 to Rs. 57
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Overall Subscription : 70x
QIB : 193x,HNI :49x,Retail :11x
Listing Date : 16 Aug 2023, , Listing Price : 82

ESAF Small Finance Bank

about 3 years ago

Will Third Attempt be Lucky?
Subscription Start Date :3 Nov 2023 End Date :7 Nov 2023
Issue Size : Rs. 463 cr, Issue Type : Fresh cum OFS
Price Band : Rs.57 to Rs. 60
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Overall Subscription : 73.15x
QIB : 173.52x,HNI :84.37x,Retail :16.97x,Other :4.36x
Listing Date : 16 Nov 2023, , Listing Price : 72

Aadhar Housing Finance

about 2 years ago

Can expect 15%-20% Listing Gain
Subscription Start Date :8 May 2024 End Date :10 May 2024
Issue Size : Rs. 3,000 cr, Issue Type : Fresh cum OFS
Price Band : Rs.300 to Rs. 315
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Overall Subscription : 26.76x
QIB : 76.42x,HNI :17.33x,Retail :2.58x,Other :6.88x
Listing Date : 15 May 2024, , Listing Price : 315

Bajaj Housing Finance

about 2 years ago

Growth and Asset Quality justify Pricing
Subscription Start Date :9 Sep 2024 End Date :11 Sep 2024
Issue Size : Rs.6,560, Issue Type : Fresh cum OFS
Price Band : Rs.66 to Rs. 70
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Overall Subscription : 63.56x
QIB : 209.36x,HNI :41.45x,Retail :6.97x,Other :17.46x
Listing Date : 16 Sep 2024, , Listing Price : 150

Manba Finance

about 2 years ago

Avoid at all Cost
Subscription Start Date :23 Sep 2024 End Date :25 Sep 2024
Issue Size : Rs. 151 cr, Issue Type : Fresh Issue
Price Band : Rs.114 to Rs. 120
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Overall Subscription : 215.84x
QIB : 148.55x,HNI :506.13x,Retail :129.89x
Listing Date : 30 Sep 2024, , Listing Price : 145

Laxmi India Finance

about 1 year ago

Very Pricey
Subscription Start Date :29 Jul 2025 End Date :31 Jul 2025
Issue Size : Rs. 254 cr, Issue Type : Fresh cum OFS
Price Band : Rs.150 to Rs. 158
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Overall Subscription : 1.85x
QIB : 1.3x,HNI :1.83x,Retail :2.19x,Other :1.54x
Listing Date : 5 Aug 2025, , Listing Price : 136

Aye Finance

about 8 months ago

Nothing Positive
Subscription Start Date :9 Feb 2026 End Date :11 Feb 2026
Issue Size : Rs. 1,010 cr, Issue Type : Fresh cum OFS
Price Band : Rs.122 to Rs. 129
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Overall Subscription : 0.97x
QIB : 1.5x,HNI :0.05x,Retail :0.77x
Listing Date : 16 Feb 2026, , Listing Price : 129

L&T Finance up in the green

about 14 years ago

L&T Finance, as expected is doing well today. The stock is up almost 2.5% at Rs.73.25, with an intra day high at Rs.73.75. The stock had hit a 52-week high on 19th Dec at Rs.97.35. The stock is up after Kishore Biyani led Future Group agreed to sell 50% in its life insurance business, Fu ...

L&T Finance 'licensed' to rise!

about 14 years ago

NBFC stocks are doing very well today morning. Leading the pack currently is L&T Finance, which is up almost 4% at Rs.81.05, very close to its intra-day high of Rs.81.70. The upper circuit is at Rs.93.75. This stock and other ‘aspirant’ NBFCs are doing well after the RBI ...

Bajaj Finance scaling high

about 7 years ago

After a new high yesterday, today too it opened at a new high at Rs.4464 and went on to Rs.4483.25

Muthoot Finance hits the roof

about 13 years ago

Muthoot Finance, the top gainer on the BSE currently has breached the 20% upper circuit the moment it opened for trade today morning and is frozen at Rs.129.10. The stock hit the roof after the Govt eased lending on gold norms. RBI raised the cap on Loan to Value of Gold (LTV) proportion fro ...

Indiabulls Finance volatile

about 5 years ago

The stock opened almost 7% higher at Rs.282.60, but from there, it slipped down 6.5% to hit an intraday low at Rs.248.55 and continues to trade in red

Muthoot Finance down 6%

about 5 months ago

The stock slipped 6% today, bucking a strong FY26 print, with the stock trading around Rs. 3,310 after opening higher at Rs. 3,571.7 and sliding to an intraday low of Rs. 3,300 (vs previous close Rs. 3,528.9). The move came on active trade (turnover Rs. 64.8 crore),

Bajaj Finance tumbles down

about 11 months ago

The stock tumbled nearly 7% to Rs.997 on Tuesday, November 11, 2025, after the company’s Q2FY26 results, which showed robust earnings but a downward revision in growth outlook, dampened investor sentiment.

L&T Finance hits new high

about 4 years ago

The stock, which had closed on Friday at Rs.92.45, opened slightly lower today at Rs.92.25 and soon went on to hit new 52-week high at Rs.98.25

Bajaj Finance down 8,5%

about 4 years ago

The stock is currently the top loser on the BSE and lost almost 8.5% to hit an intraday low at Rs.6032.25 on the back of 14x surge in volumes.

IIFL Finance up over 8.5%

about 4 years ago

The stock is among the top five gainers on the BSE, rising over 8.5% to an intraday high at Rs.356.70. Its 52-week high stands at Rs.395.15.

L&T Finance down in red

about 5 years ago

The stock opened over 1% higher at Rs.83.60 but from there, it slipped to Rs.76.85, down over 7%, remains in the red, among top five losers currently.

Starteck Finance hits the roof

about 5 years ago

The stock which had closed yesterday at Rs.119, opening higher today at Rs.122.90 and went on to hit its 5% UC of the day at Rs.124.95.

Bajaj Finance rises 4.5%

about 6 years ago

The stock price surged over 4.5% to hit an intraday high at Rs.5210 and it is currently trading at Rs.5190 levels. Its 52-week high is at Rs.5372.75.

L&T Finance trades low

about 6 years ago

The stock, which had closed yesterday at Rs.105.10, it opened lower at Rs.102.90 an went down to an intraday low at Rs.98.65

Muthoot Finance 'relieved'

about 6 years ago

The market seems pretty relieved with this news as the stock opened in the green at Rs.1146 and rose 1% to Rs.1149.20. Trading volume is muted as of now.

Muthoot Finance at new high

about 6 years ago

The stock which had closed yesterday at Rs.1000.20, rose 14% to hit a new 52-week high at Rs.1139.75.

Shriram Finance

about 14 years ago

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L&T Finance on the buzz

about 14 years ago

L&T Financel Holding is doing well today, up over 1.5% at Rs.80.50, with an intra day high at Rs.81. The stock’s 52-week high is at Rs.97.35. The stock is buzzing today as it is expected to declare its Q4FY13 and FY13 numbers today. Market capitalisation of the company currently st ...

PNB Housing Finance at 20% UC

about 5 years ago

The stock, which had closed on Friday at Rs.437.70, opened today at Rs.440 and soon hit the 20% UC of the day at Rs.525.50, a new high too, where it now remains frozen.

IIFL Finance at new high

about 6 years ago

The stock, which had closed yesterday at Rs.271.30, opened at Rs.281.95 and went on to Rs.292, hitting a new 52-week high.

Shriram Finance

about 13 years ago

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Mahindra Finance slips

about 6 years ago

Though the stock opened 1.5% higher at Rs.132.80, it soon slipped down to Rs.126 and hovering currently around the same levels.

Shriram Finance

about 13 years ago

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Shriram Finance

about 16 years ago

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Muthoot Fin in limelight

about 12 years ago

Muthoot Finance is in the limelight today, up almost 2% currently at Rs.193, with an intra day high at Rs.196.75. The stock is buzzing as it announced acquisition of a 30% stake in Asia Asset Finance PlC from Asia Capital PLC, a major shareholder, through Colombo Stock Exchange at a total va ...

Shriram Transport jumps over 4%

about 8 years ago

Shriram Transport Finance is doing pretty well today; the most trending company in news and social media currently. The stock price rose over 4.2% to Rs.1124.85

Indiabulls Housing jumps up 9%

about 8 years ago

Indiabulls Housing Finance had hit a new low on Friday at Rs.640.15 and today, it is currently the top gainer on the BSE at Rs.712, up 9%.

Realty stocks build up

about 8 years ago

Realty and housing finance companies are ruling the roost today morning. The top five gainers on the BSE is led by Prestige, followed by Oberoi Realty

Realty stocks in limelight

about 8 years ago

Realty stocks are having a good run on the bourses today morning and the top gainer, figuring in the top five gainers on the BSE is housing finance company, HUDCO.

PNB Housing crumbles

about 8 years ago

PNB Housing Finance is down in the red today, going down 5.5% to Rs.717.15. It has recovered a bit from this intra day low but stays firmly in the red.

Indiabulls Housing falls 10%

about 7 years ago

Indiabulls Housing Finance opened with a loss of 3.5% at Rs.700 and went down 10% to Rs.672. Currently there are only offers, no bidders on the counter.

Gruh Fin hurts as 'bandhan' snaps

about 7 years ago

Gruh Finance is among the top five losers on the BSE since opening bell. It opened at Rs.293, a loss of 5% and went on to hit an intra day low at Rs.285.30

Shriram Trans drops 6.5%

about 7 years ago

Shriram Transport Finance opened today morning with a fall of over 5.5% at Rs.1020 and went on to hit an intraday low at Rs.1011, down over 6.5%.

Shriram Transport on good roads

about 13 years ago

Shriram Transport Finance opened for trade today morning with a gap on the upper side of over Rs.20, hitting an intra day high of Rs.754. Though it has come of f these levels, it remains strongly in the green, over 1.5%. This stock and the other Shriram group stocks, all in the green followi ...

SREI Infra bounces back

about 7 years ago

SREI Infrastructure Finance had been hitting new lows for the past two consecutive days. Today, it opened in the green and rose to Rs.18.25, rising 3%

Reliance Home falls 7.5%

about 7 years ago

Reliance Home Finance has been losing for the last 2 days and has fallen 13% during this period. The stock is down almost 7.5% at Rs.10.98

Ujjivan Small has bumper listing

about 7 years ago

Ujjivan Small Finance Bank has made a fantastic debut today morning. As against the IPO price of Rs.37, it got listed on the BSE at Rs.58, going up to Rs.62.80.

DHFL at 5% UC

about 7 years ago

Dewan Housing Finance Ltd (DHFL), which is among the top five gainers on the BSE is locked at its 5% UC of Rs.15.80.

Housing fin stocks cheer

about 6 years ago

Post the RBI policy, it is the housing finance companies which are dominating the gainers list on the BSE. LIC Housing, GIC Housing, Repco Home, Can Fin Homes, HDFC

PNB Housing among losers

about 7 years ago

PNB Housing Finance is among the top three losers on the BSE since morning. The stock lost over 12% to hit an intraday low at Rs.476.80;

Equitas SFB lists at discount

about 6 years ago

There is a new listing on the bourses today – Equitas Small Finance Bank or Equitas SFB, getting listed at a discount.

Manappuram and Muthoot in red

about 2 years ago

Following this, the market leaders in this field, Muthoot Finance and Manappuram Finance are down in the red. Muthoot was down 9% at Rs.1510 and Manappuram by 8% at Rs.165.15.

Two new debutants

about 2 years ago

TBO Tek made a great debut on the markets today, listing at a premium of 50% while listing of Aadhar Housing Finance was not very good – listing at Rs.314.50 v/s IPO price of Rs.315.

NBFCs in limelight

about 2 years ago

Following this news, NBFCs are in the green today lead by the likes of Bandhan Bank, CreditAccess Grameen, AU Small Finance Bank and Cholamandalam Investment.

PNB declines over 3%

about 10 months ago

The stock declined up to 3% in early trade today after the lender disclosed a legacy fraud exposure linked to erstwhile promoters of SREI Equipment Finance

Stcoks to benefit

about 9 months ago

China’s Ministry of Finance has announced it will remove VAT export rebates on 249 products (including solar cells) from April 1, 2026, and cut VAT export rebates on certain battery-related goods to 6% from 9%

REC and PFC jump 4%

about 9 months ago

The FM proposed a restructuring of the organisations, with the stated objective of improving efficiency and strengthening power-sector financing. The move triggered buying interest across power finance names as investors positioned

NDL Ventures UC at new high

about 8 months ago

The stock was locked in thle 20% upper circuit and a new 52-week new high at Rs 117.60 on the BSE in morning trade, as investors reacted to a key regulatory approval tied to its proposed merger with Hinduja Leyland Finance Ltd.

SFBs under pressure

about 8 months ago

Utkarsh Small Finance Bank fell 4% to Rs. 14.25, while Equitas SFB (Rs. 64.34) and Jana SFB (Rs. 360.10) were down about 2.5% each. Ujjivan SFB slipped 1.3% to Rs. 60.76, and AU SFB declined 1.2% to Rs. 961, as the selling spread across lenders

L&T slumps after yesterday's new high

about 13 years ago

The price movements in L&T have been wild to say the least. The stock had hit a new high on 31st March at Rs.1301, and then yesterday too it hit a new high at Rs.1310 but today, it has slumped into the red, currently down 2% at Rs.1276. Apart from profit booking and its L&T Finance be ...

Shriram Transport up over 4%

about 13 years ago

Shriram Transport Finance seems to be on the super highway. The stock is up over 4% at Rs.596, close to its 52-week at Rs.599. Volumes are up over 2 times. The stock is up despite the company posting a not-so-good numbers for Q2FY14. This is one of the largest asset financing NBFC in the cou ...

SBI gains over 2.5%

about 13 years ago

SBI is a smart gainer in the PSU bank sector. The stock opened at Rs.1692 and is currently at Rs.1719.90, up over 2.5%. Its intra day high is at Rs.1727.85. The stock is up on two counts. Firstly, the spurt can be directly linked to the Finance Ministry yesterday stating that it has finalise ...

Manappuram may get a new shareholder

about 13 years ago

Manappuram Finance is up about 2% at Rs. 15.7 on BSE, after giving up most of the early morning gains, when it opening at a high of Rs. 16.15. It is reported that US based ace PE investor TPG is looking to purchase minority stake in India’s largest gold financing NBFC in addition to acquiri ...

NBFCs nervousness continues

about 8 years ago

NBFCs continue to remain in the deep red. Muthoot Finance slipped almost 7% to Rs.428; LIC Housing Finance is down 3.5% at Rs.422.30

GIC Housing jumps over 7%

about 9 years ago

GIC Housing Finance is amongst the top five gainers on the BSE since opening bell. The stock price surged over 7% to Rs.435.25 and is now hovering around Rs.427 levels.

Reliance Home builds up then drops

about 8 years ago

Stock price of Reliance Home Finance added 4% in the morning trades to go up to Rs.76.90 and after that profit booking wiped off all the gains

IDBI Bank hits a new high

about 11 years ago

IDBI Bank has hit a new 52-week high today at Rs.93.85 and the third straight session of consistent gains. The stock is up on unconfirmed news report that the Govt is talking to International Finance Corp (IFC), the World Bank arm, to sell 15% stake in the bank. The Exchanges have sough ...

MTNL rings loud

about 13 years ago

MTNL is ringing loud today morning. The stock, which had closed at Rs.15.35, opened at Rs.15.75 and is currently up almost 4.5% at Rs.16 levels. Volumes are high at 15 lakh shares. The PSU telecom company has zoomed up after the Group of Ministers (GoM), headed by Finance Minister P. Chidamb ...

UCO Bank causes worry

about 12 years ago

UCO Bank is the top loser of the day currently, down almost 8% at Rs.90.70, near its intra day low of Rs.89.75. The stock has tanked today on reports on irregularities in loan sanctions, with the Finance Ministry ordering a forensic audit into its NPAs and loan sanction irregularities. ...

Amtek Auto in top gear

about 12 years ago

Amtek Auto is the top gainer on the BSE currently, up over 11.5% at Rs.183.90, its current intra day high. The company is in news following reports that its subsidiary, Amtek Global has managed to raise Rs.1800 crore or Euro 235 million as long term finance from global investment firm, Kohlb ...

Shriram Trans Fin reacts to RBI, positively

about 12 years ago

Shriram Transport Finance is doing very well today morning, up almost 5% higher at Rs.1014, which is in its current intra day high. The stock is reacting positively as it expects to benefit from the new NBFC norm announced by RBI yesterday. As per the new norm, RBI has raised the minimu ...

Dewan Housing stacks up well

about 11 years ago

Dewan Housing Finance Corporation (DHFCL) was amongst the top gainers yesterday and today too, the stock is up currently over 4% at Rs.410. Intra day high is at Rs.415.50. Its 52-week high is at Rs.569.70, hit on 4th March’15. The stock is up after foreign fund, Nomura has initiated co ...

Muthoot Fin big gainer on 'small bank' news

about 12 years ago

Muthoot Finance is currently the top gainer on the BSE, up almost 6% at Rs.189.55, with a 24 times surge in volumes. Its intra day high stands at Rs.195.40. The stock is buzzing loud and clear today on the back of RBI guidelines for setting up small banks, which will disburse loans to farmer ...

Gati being 'stored' by investors

about 13 years ago

Gati is seeing some activity today. The stock is up over 2.5% at Rs.128.30, with an intra day high at Rs.130.65. 52-week high stands at Rs.136.40. The stock is up in anticipation as the company lines up plans to sell a minority stake, to help raise funds to finance its expansion plans. The n ...

Indiabulls Housing slips despite 2nd dividend

about 11 years ago

Shares of Indiabulls Housing Finance are trading down by over a percent at Rs. 672 on the NSE, retreading from its 52 week high price of 682.20, made in opening trade, ahead of result announcement. While company’s operating income grew 1% QoQ to Rs. 1,766 crore, due to rise in finance cost, ...

Delayed cheer for Dewan Housing's 1:1 bonus

about 11 years ago

Wadhwan Group’s home loan arm Dewan Housing Finance is trading up the green, higher by almost 3%, now at Rs. 487, when the broader markets are marginally in the red. Company has announced a 1:1 bonus for its equity shareholders along with good set of Q1FY16 results. However, as soon as the ...

Amtek Auto continues to bleed

about 11 years ago

Amtek Auto continues to remain in the deep red. In one month, the stock has wiped off a shocking 80% of its stock price. Currently down 4.5%, institutional investors continue to dump the stock. Last week, Goldman Sachs, Barclays and Swiss Finance Corp sold shares and two mutual funds have sold of ...

SKS Micro slumps on disappointment

about 11 years ago

There was a lot of illogical build up on the counter of SKS Microfinance over the past few days on hopes that it may get a banking license. We say illogical because the memory of its troubled past as a micro finance company is yet to be completely erased. Our Editor, Mr.SP Tulsian has been very c ...

Deep Inds hits a new high

about 11 years ago

Deep Industries hit a new 52-week high today at Rs.207.70 and currently remains at Rs.204 levels, 5% up. Volumes are pretty robust at around 4 lakh shares. The reason for this sudden spike up in the stock price today is on account of some foreign fund buying. Swiss Finance Corp yesterday bou ...

Indiabulls Housing crashes

about 11 years ago

Indiabulls Housing Finance is the top loser of the day on the BSE. The stock which has closed on Tuesday at Rs.715.55, opened at Rs.713, going down as low as Rs.590.60. It is current down 12% at Rs.630 levels. Volumes are huge – fro 49,000 shares over two week average to 11 lakh share ...

Mannapuram on a new high

about 11 years ago

Mannapuram Finance is the top gainer on the bourses currently, breaching the 20% UC at Rs.50.25, a new 52-week high. Volumes have spiked up over 16.5 times. The market is enthused with the company’s Q4FY16 performance. It posted a very good 87% (YoY) jump in consolidated net profit at ...

Repco Home remains top gainer

about 9 years ago

Since the opening bell, Repco Home Finance is the top gainer on the BSE. From yesterday’s close of Rs.590.70, the stock opened high at Rs.609, going up over 13.5% to Rs.670.85. Its 52-week high is at Rs.923.

PSU stocks steal limelight

about 13 years ago

PSU stocks are currently the movers and shakers on the bourses. The top gainers on the BSE are all PSUs, led by REC, Power Finance and other gainers like – Hind Copper, Indian Bank, Shipping Corp, Coal India, RCF, BEML, Engineers India, even HMT. Apart from the fact PSU stocks have bee ...

Manappuram hits a new high

about 10 years ago

Manappuram Finance is the top gainer on the BSE; hitting a multi-year new high today at Rs.78.40 and it continues to remain firm at Rs.78 levels, up over 9%. The market is extremely happy with the rating agency, Crisil upgrading the rating for the company. On Friday, Crisil announ ...

Kwality packs a delicious "KKR" flavour

about 10 years ago

Today morning, before the opening bell, Kwality Ltd, India’s largest private dairy company, announced that it has received capital commitment of upto Rs 520 crore via structured finance from PE Fund, KKR India. The proceeds are to be utilized to fund Capex to further strengthen milk pr ...

SRF jumps up over 7%

about 10 years ago

SRF is the top gainer on the BSE, going up to Rs.1436.90 intra day, up over 7%. It currently remains firmly in the green, with its 52-week high at Rs.1495.55. Yesterday, the Finance Ministry imposed definitive anti-dumping duty on R-134a, an inert gas, imports from China. R- ...

Jaypee Infra tanks on Q1 loss

about 10 years ago

From a profit in Q1FY16, Jaypee Infratech posted a net loss of Rs.36 crore for Q1FY17 – a huge jump up in costs, up from Rs.258 crore to Rs.957 crore and then the finance cost of Rs.193 crore pushed the company into the red. The market is as such disenchanted with the Jaypee group as o ...

Repco Home in the red

about 10 years ago

South India based Home loan provider Repco Home Finance is down 6%, at Rs. 775, this Monday morning on news of CBI conducting search in the premises of the company at Chennai and Coimbatore. CBI has filed a case of corruption, cheating and conspiracy against the company’s MD ...

Logically, all logistic stocks up!

about 10 years ago

Today, the GST Council, headed by the Finance Minister will be meeting the Commerce ministry and various industry representatives and the objective is to debate and look ahead at the probable hurdles it could face, in terms of implementation. The two-day GST Council among other things will delibe ...

Manapuram and Muthoot slip

about 10 years ago

Muthoot Financial and Manappuram Finance are the top losers on the BSE, with both the stocks down almost 4%. Intra day, Muthoot fell over 7% while Manappuram declined over 5%.

RBL Bank hits a record high

about 10 years ago

The stock price shot through the roof after it announced opening of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) here.

AU Bank has spectacular listing

about 9 years ago

The new listing today is of AU Small Finance Bank and after the fantastic response to its IPO, which was subscribed by an overwhelming 53.60 times was expected to get listed over Rs.400 v/s its IPO price of Rs.358, given the activity in the grey markets

Repco Home comes down

about 9 years ago

Repco Home Finance, which provides home finance mainly in South India, is currently the top loser on the BSE, down 9% at Rs.696.70.

Thomas Cook shines bright

about 9 years ago

IFCI surged over 5% to Rs.25 levels, with Thomas Cook going on to hit a new 52-week high at Rs.255.95. Tourism Finance Corporation of India (TFCI) too hit a new high at Rs.129.

Reliance Home Finnace hits 5% UC

about 9 years ago

Reliance Home Finance was the new listing on the exchanges today. The stock price opened at Rs.104 and within minutes, surged 5%, hitting the UC at Rs.109.20.

Kajaria Ceramics up in green

about 13 years ago

Kajaria Ceramics is up over 2% today morning at Rs.236, with an intra day high and low at Rs.237.90 and Rs.232 respectively. Volumes remain muted at around 2600 shares. The stock is up on news that foreign fund Swiss Finance Corporation (Mauritius) bought 8.08 lakh shares or 1.1% stake at Rs ...

BPCL and HPCL in the red

about 13 years ago

BPCL and HPCL figure out amongst the top five losers on the BSE. BPCL is currently down almost 3% at Rs.436 while HPCL is down over 2% at Rs.285. Both Govt owned Oil Marketing companies (OMCs) are down on news that the Finance Ministry wants these companies to absorb a much higher share of u ...

TFCI up almost 11%

about 14 years ago

Tourism Finance Corporation of India (TFCI) is doing very well in this otherwise bad market. The stock is up currently almost 11% at Rs.24.65, with an intra day high at Rs.25.85. Its 52-week high stands at Rs.30.35. Volumes are HUGE at over 2.3 lakh shares being traded compared to around 7400 sha ...

THE PRESIDENTS SPEECH - NO OSCAR RESPLENDENCE

about 12 years ago

It would surely have been a sense of dÃ©jÃ vu for the President of India, Pranab Mukherjee. He was earlier the Finance Minister and would have most certainly experienced the fervor which surrounds a Budget session and might have listened to the President's address then with a sense of responsibility.

THE FALL OF NBFCs – FEAR FACTOR AT PLAY

about 8 years ago

So if Dewan Housing and IL&FS were responsible for precipitating a sense of panic in the NBFC and housing finance company (HFC) counters, how come despite these two gaining, the NBFCs and HFCs remain in the deep red?

Rs.70 THE NEW NORM FOR INDIAN RUPEE?

about 8 years ago

There is a sense of unease on Dalal Street. And also on Mint Street. Stocks as well the rupee are down in the red and the mood is that of great uncertainty. The rupee crossed the Rs.72-mark yesterday and the plunge was arrested only on account of RBI intervention. Though Finance Minister Arun Jaitley

“PAGING” FOR THE MSCI INDEX

about 8 years ago

On the MSCI India Domestic Index, which was effective 31st May’18, 4 stocks were added – Avenue Supermarkets, Biocon, HDFC Standard Life and Indigo. The deletions are three – IDFC Bank, Power Finance Corp and Vakrangee. This was a semi-annual exercise, done every year in May and November.

ROWE PICKING UP A RIGHTFUL ROW IN UTI MF

about 9 years ago

It was great pleasure that we read the news that US-based asset manager T.Rowe Price Group was asking some very pertinent questions regarding the much delayed IPO of UTI Mutual Fund (UTI MF). In an exclusive to Business Standard, what we learnt is that T Rowe has shot off a very terse letter to Finance Ministry and SEBI, stating that the Board of UTI MF was deliberately putting off the IPO and it has sought immediate Govt intervention/action.

RS.3 PEN TIED IN BANKS WHILE SCAMSTERS EMPTY THE COFFERS!

about 9 years ago

The horses have run out of the stable and the door is now being closed. That’s how one feels on reading that 36 scamsters have already fled the country and we are left sifting through the muck, working relentlessly on extradition while the tax payers money gets wasted, time and again. While RBI and finance ministry continue with their blame game, we can only watch helplessly as banks get heisted.

AS THE MARKET ZOOMS, KEEP FEET FIRMLY ON THE GROUND!

about 10 years ago

Take a look at the stocks which have hit their life time highs today – APL Apollo, Andhra Sugar, Bengal Assam, Dukes Offshore, Dwarkesh Sugar, Everest Kanto, Florence Investec ( part of Singhania group), Indus Ind Bank, India Bulls Housing, Kotak Nifty, KRBL, L&T Finance and many more.

MMTC hits new low

about 14 years ago

MMTC continues to lose its shine, it hit a new 52-week low today at Rs.191 and though it has recovered from this low, it remains in the red – currently down almost 4%. The stock is down on news that the Empowered Group of Ministers (EGoM), headed by Finance Minister is scheduled to mee ...

FISCAL TO CHANGE FROM APRIL-MARCH TO JAN-DEC?

about 10 years ago

News of another new change is doing the rounds - change in the fiscal year. Whoa!! That's big news and big change. We currently have the 1st April to 31st March as the fiscal year ending. The Finance Ministry has set up a committee under Shankar Acharya, a former Chief Economic Adviser to the Finance Ministry, to examine the desirability and the feasibility of a new financial year.

WHY DO TRADE UNIONS OPPOSE PRIVATIZATION?

about 11 years ago

IDBI Bank, beginning today, is on a 4-day strike. Coal India was to go a strike from tomorrow; thankfully that has been deferred as of now. In both the cases, the reason is the same - oppose the privatization move by the Govt. In the Union Budget speech, the Finance Minister had stated that he will look at ceding control in IDBI Bank and bring down stake from 80.2% currently to less than 50%.

EXPECT A "SLOW TRAIN" FROM THE RAILWAY BUDGET

about 11 years ago

It will indeed be a precarious run on stilts for the Railway Minister, Suresh Prabhu. Big ticket reforms are what he has always promised, all along. Yet, his ideas might not the financial muscle that is required as the Finance Ministry will itself need to think a bit out-of-the-box to increase its revenues.

7TH PAY COMMISSION - TO BOOST CONSUMPTION

about 11 years ago

There are various other recommendations; after all it is a very detailed 900-page document. This is good news for the Govt employees but for the Govt itself, it could mean that it puts a question mark of the Finance Minister's ability to meet the fiscal deficit target of 3.5% of GDP. This pay hike will put more money in the hands of people with no real increase in supply - today's statement by Rajan, expressing his worry over no increase in public and private investments in the country,

TRACKING THE MSCI INDEX - WHIFF OF FII PREFERENCES?

about 11 years ago

Today, Glenmark hit a new life time high at Rs.1164.20 while Indiabulls Housing Finance is up over 4%. On the other hand, Jindal Steel and Power hit a lifetime low of Rs.62.40. The reason for this massive up and down in these scrips? Glenmark and Indiabulls are to be included to MSCI Global Standard Indexes while Jindal Steel and Power will be deleted from the index. This will be effective closing of 31st August. Market grapevine had it that Britannia might also get

WINTER SESSION - TIME TO WALK THE TALK

about 12 years ago

In the previous Budget Session, which was between 7th July to 14th August, a few important Bills were passed - The Finance Bill, Creation of National Judicial Appointments Commission for appointment of judges to the Supreme Court and High Courts, altered the boundaries of the states of Telangana

BUDGET FY20 – VERY BIG ON RHETORIC

about 7 years ago

For the first Budget ever by a full time woman Finance Minister, Nirmala Sitharaman was pretty passionate with her speech. She also displayed her linguistic abilities, quoting in Sanskrit, Tamil, Urdu and Hindi and maybe a few words of Gujarati. She was so emphatic and “into it,” the speech, punctuated with constant repeats, was an interesting watch.

ECONOMIC SURVEY FY15 - SETS THE ROADMAP FOR BUDGET FY16

about 12 years ago

The Economic Survey has been tabled today, following the tradition of presenting this important financial document a day before the Union Budget. This document is basically an annual statement which is put together by the Finance Ministry of India, showcasing the economic development during the course of the year.

TRIGGERS ON WHICH MARKETS WILL SWAY AND DANCE

about 13 years ago

First and foremost will be 26th May - we do not know the exact time but that's the day when Modi will be sworn in as the new PM and we will the key Cabinet ministers also being sworn in. There is major speculation about who will get what. Currently the finance minister is a tough choice between Arun Jaitley and Arun Shourie. In fact Shourie is being tipped for Commerce and Industry too. Sushama Swaraj is said to be keen for

TAX FREE BONDS - THE 'BEST' FLAVOR OF THE SEASON!

about 13 years ago

And exactly like last year, this time too, PSUs continue to take the lead in issuing tax free bonds. The 'season' was flagged off by two offers - National Highways Authority of India (NHAI) and Indian Railways Finance Corporation (IRFC). As per data put out by SEBI, public issue of NCDs and tax-free bonds, till end of Feb'14 mobilised Rs.33,842 crore - this is almost double the money collected in FY13. Tax-free bonds offered by IRFC, Power Finance Corporation (PFC) and NHAI

ARE TAX-FREE BONDS A GOOD BET?

about 13 years ago

The tax free bond issue of Power Finance Corporation (PFC) closes on 11th November and its 15 year (Series 2) bonds were comparable to 12.72% pre-tax return earned on other fixed income instruments, assuming the highest tax bracket of 30.9% for retail individuals

JULY FOMC MEET - A NON EVENT, UNCERTAINTY CONTINUES!

about 13 years ago

It was a non-event, no firework announcements on QE easing as expected. In fact there had been more action on the Indian bourses - it was an action packed day with the Commerce Minister doing his bit, the finance minister giving us his one year 'report card' and tried to keep hopes intact. RBI also stepped in with some reassuring statements. But it was ultimately Ben Bernanke

THE FM's SPEECH - COULD NOT HAVE BEEN MORE REASSURING

about 14 years ago

For the market to react this way to a very pragmatic speech of the Finance Minister, P Chidambaram today was pretty immature. Yes, we have become a nation of One Day matches and have not got the vision and appetite for Test Matches which actually builds real talent.

OIL SUBSIDY - TOO MANY SLIPS AND FALLS

about 14 years ago

Yesterday, the Finance Minister approved the subsidy compensation for oil marketing companies (OMCs) for Q4FY13 at Rs.45,000 crore. Earlier during the fiscal, cash subsidy of Rs.55,000 crore was given; this means that for FY13, the total subsidy doled out is to the tune of a jaw dropping Rs.100,000 crore or Rs.1 trillion. Upstream OMCs will share a subsidy burden to the tune of Rs.60,000 crore.

GOLD BUYING TO BE CURBED BY IIBs? NAAH!!

about 14 years ago

Apart from hikes in duties, our honorable Finance Minister has proposed the introduction of Inflation-Indexed Bonds or IIBs. The idea is indeed in the right direction - when investors are given an alternate investment option, which helps you hedge against rising inflation, the FM hopes that IIB will do the trick. Real estate and gold, move with costs and these

BUDGET FY14 - THE GAINERS AND LOSERS

about 14 years ago

On the whole the Budget was a lot of talk but there does not seem to be the right stride in the walk to meet this talk. The Finance Minister on one hand said that the FY14 plan expenditure is to be raised by 30% but at the same time, he says that fiscal deficit for FY14 will come down to 4.8% from the current year estimate of 5.2%. How does this math add up? There is a massive jump in social schemes, so one wonders how the fiscal deficit

HOW IS THE UNION BUDGET PREPARED?

about 14 years ago

This article is more about the machinations which happen behind the scenes and the nuts and bolts which move to make the Budget a reality. A free wheeling, light hearted read so that you can be ready for all the heavy duty grey cell work tomorrow! So do you know how the Budget actually gets made? It is a process in itself and a veil of secrecy shrouds the finance ministry and other Govt offices at North Block right from the beginning of February

BUDGET WILL DO A KAIPO CHE - ON OUR POCKETS!

about 14 years ago

trepidation and no anticipation for anything positive. An able Finance Minister, P.Chidambaram is in place and if left alone, he will do a good job. That is a big "if". With Elections scheduled for 2014, this is probably the only Budget where the Govt will be able to do some good for the economy and the Budget for next year will be all about politics and giving away as much largesse as possible. So there are two view points here;

FM's FISCAL PLAN - MAIN PLAN TO GET RBI TO CUT RATES?

about 14 years ago

Today's Press Conference of the Finance Minister, P Chidambaram, was a damp squib. Purportedly, the meet was to chalk out the fiscal consolidation plan but it was actually more about sending out a message to the Reserve Bank of India (RBI) - something like,

PRANABDA FOR PRESIDENT. SO WHO WILL BE THE NEW FM?

about 15 years ago

The market was nonchalant about the entire thing, a non-event. And the only thing which could cause some worries to the market, actually, two things, - firstly, if this topples the UPA and a bugle is sounded for midterm polls. And secondly, with Pranab Mukherjee expected to step down as Finance Minister

WILFUL DEFAULTERS – MAKE IT A CRIMINAL OFFENCE

about 7 years ago

Yesterday in the Lok Sabha, responding to a set of questions, Finance Minister Sitharaman, she said that the number of wilful defaulters has risen 60% the five years up to FY19. The total number of wilful defaulters stood at 8,582 at the end of FY19 v/s 5,349 at the end of FY15.

ECONOMIC SURVEY FY17 – SETS THE ROADMAP FOR BUDGET FY18

about 10 years ago

The Economic Survey has been tabled today, following the tradition of presenting this important financial document a day before the Union Budget. This document is basically an annual statement which is put together by the Finance Ministry of India, showcasing the economic development during the course of the year. The draft of the survey is prepared by Department of Economic Affairs and cleared by Chief economic Advisor and the secretary Economic Affairs.

GST COUNCIL MEET – ALL ABOUT STATES’ COMPENSATION

about 6 years ago

According to the Finance Secretary at the GST meet today, the compensation to the paid to the states would be to the tune of Rs.3 lakh crore vis-à-vis the compensation cess collection of Rs.65,000 crore. Thus there is a gap of Rs.2.35 lakh crore, which can be borrowed from the market.

PNB Housing Fund Raise - Positive for promoter PNB too

about 5 years ago

PNB Housing is India’s 4th largest housing finance company (HFC) behind HDFC Ltd., LIC Housing and Indiabulls Housing

Dewan Housing up over 4.5%

about 14 years ago

Dewan Housing Finance Corporation (DHFC) is doing well today, up almost 4.5% at Rs.181, with an intra day high at Rs.190. Its 52-week high stands at Rs.224.90. Volumes are huge at over 93,000 shares changing hands in the morning compared to around 9000 shares over the past two week average. ...

Manappuram Fin hits lower circuit

about 14 years ago

Manappuram Finance is deep in the red today. The stock is down 10% at Rs.15.70, a new 52-week low and it has been frozen on the 10% lower circuit, with over 3.35 lakh sellers on the counter. The stock hit the lower circuit on news that the private equity investors have barred the compa ...

Muthoot Fin loses all sheen

about 14 years ago

Muthoot Finance is currently the biggest loser on the BSE, down over 16% at Rs.126.65, with an intra day low at Rs.121.85. Volumes are huge at almost 3.5 lakh shares compared to 31,000 shares over two week average. The stock has tanked with the gold prices. After the fall on Saturday, today ...

SURGING CAR SALES – SUSTAINABLE?

about 6 years ago

Call it pent up demand or the effect of the pandemic or even the lure of easy availability of finance and low interest rates; whatever be the reason, automobile companies are not complaining. Market leader, Maruti reported a 18% (YoY) jump in sales at 1,63,656 units for Oct.

Return of Capital vs Return on Capital

about 8 years ago

The term return of capital gained significance in finance and especially the lending world (banks, NBFCs) of late, as NPAs started mounting and lenders were forced to concentrated on return of capital (principal loan amount) instead of the return on capital (interest on loans).

Liabilities

about 8 years ago

Liabilities are the debts or financial borrowings either directly or indirectly taken by the company in order to expand business and finance operations.

Manappuram Fin loses shine

about 14 years ago

Manappuram Finance is a big loser on the BSE today. The stock is currently down 10% at Rs.24.95 and its 52-week low stands at Rs.18.60. The stock has taken a big beating after the company put up an update on its operations and it has guided a net loss of Rs.50 crore for Q4FY13. This is a sha ...

PARLIAMENT – ONLY AND ONLY POLITICS

about 6 years ago

Obviously, with so much happening on the political front, no constructive debate is expected to happen and like always, the Finance Bill will get passed without even a whimper or a voice of protest. There are some 25 other Bills too but all are likely to get passed on to the next session.

KAUN BANEGA BANKER?

about 6 years ago

Who will get the new banking license? That’s probably the only non-Covid related question doing the rounds in India Inc currently. RBI, on 15th April, released names of eight candidates who had applied for this round of ‘on tap’ Licensing of Universal Banks and Small Finance Banks. And it was pretty astonishing to see that not a single big corporate house

STIMULUS – ALL SMOKE AND MIRROR?

about 5 years ago

Yesterday at 3 PM, the Finance Minister announced the first stimulus package post the second wave. Everyone, till some days ago was talking about it and expecting the sky and the moon. And when it was finally announced, it went down like air from a balloon. A small hiss – that’s the only sound one heard and it lay down there like, well, a squashed balloon.

WORRIED ABOUT RISING MARKETS?

about 5 years ago

The Govt, which does always have an eye on the markets also seems to be worried. On Monday, the Parliamentary Standing Committee on Finance asked SEBI about the growing role of retail investors in the equity markets and seemed to be worried about its impact on the market functioning.

SLOWDOWN IN GROWTH - NO BIG SURPRISE THERE

about 15 years ago

Finance Minister Pranab Mukherjee said the estimate was disappointing but not surprising, given the weak global and local conditions. He was hopeful that the forecast would be raised, helped by cooling inflation and a record winter crop output

FM armed with Conviction, needs Ganesha's blessings!

about 14 years ago

Finance Minister P Chidambaram, looked fully determined, charged up and full of action, while addressing the media yesterday (Tuesday). FM has categorically stated that, to boost the economy, more measures will be unleashed by the Govt. He has stated that, till 30th October, the department of Revenue, Disinvestment and SEBI would decide on steps to revitalize the economy, hinting that these steps will be in the areas, which he had talked on 6th August, after he took over as FM.

IFCI jumps on stake sale

about 12 years ago

IFCI opened the day for trading on almost the same Rs.34 levels but soon rose to almost Rs.35.35 and currently trades around the same level, up over 2% and figures amongst the top five gainers in an otherwise lackluster market. The news is that IFCI is finally partially, divesting ...

BHEL zooms on new order

about 12 years ago

BHEL is in the limelight today, currently up over 3.5% at Rs.209.05. Its 52-week high is at Rs.291.50. The company secured contract for setting up a 1,320 Mw supercriticat thermat power project on EPC basis from Tamil Nadu Generation and Distribution Corporation Limited, valued at arou ...

OMCs and ONGC lead the surge

about 12 years ago

The market, as expected, as zoomed up today morning, reacting positively to the diesel deregulation and much awaited gas price hike. The gainers are led by Oil Marketing Companies (OMCs) – HPCL up 7% at Rs.524 which is after hitting a new high at Rs.534, BPCL up 6% at Rs.706, IOC up 6% at R ...

Linc Pen writes new highs

about 12 years ago

Linc Pen Plastics has been writing a new high consistently since the time it announced its Q2FY15 numbers on 17th, where it breached the upper circuit at Rs.149.25. On 18th, it hit a new high at Rs.178.35 and today, it opened at a new high of Rs.196.30. The stock has been on a roll ever sinc ...

Power stocks badly hit

about 12 years ago

Power stocks have been hit badly today, with PFC leading the losers, down almost 5% at Rs.244.50, with an intra day low at Rs.243. Jindal Steel & Power is also down 4.5% and Reliance Power is down over 4%. Power stocks fell, reacting to the Supreme Court ruling yesterday, that the alloca ...

Wilful defaulter Bilcare feels SEBI's wrath

about 12 years ago

Shares of pharma packaging company Bilcare Limited, which were locked in 20% upper circuit yesterday, are down over 6% today at Rs. 53.80 a share, when broader markets are also down 600 points. Market regulator SEBI has proposed restrictions on willful defaulters’ fund raising ability, so a ...

Tata Tele hits 20% upper circuit

about 12 years ago

Tata Teleservices (Maharashtra) has hit the 20% upper circuit at Rs.10.02 within a few minutes of its opening. Its 52-week high is at Rs.14.05. The stock hit the roof after the RBI gave its in-principle approval to Tata Sons’ proposal to acquire NTT DoCoMO’s stake in Tata Teleser ...

Max India up on restructure plan

about 12 years ago

Max India has hit a new high today at Rs.505 and volumes have jumped by over 6 times. The stock continues to remain in the green, up over 7%. Market cap stands at Rs.12,878 crore. The stock is up after the company stated today morning that its Board is looking at the option of corporate rest ...

Balkrishna Ind: Profit booking after Q3 results

about 12 years ago

Balkrishna Industries’ shares are down close to 4% or Rs. 28, and currently trading at Rs. 680 per share. Profit booking on good third quarter results, declared on Saturday, seems to be the reason for the share price to rule soft, as shares were trading higher since Wednesday on expectation ...

L&T tanks on disappointing Q1

about 12 years ago

L&T is currently the top loser on the BSE, down by a big 7% at Rs.1532 with an intra day low at Rs.1513.Volumes are up almost 3 times. The stock price has tumbled, reacting to its Q1FY15 numbers. On the face of it, it looks like the company has ended the quarter with a YoY bumper rise in ...

PNB gets a Rs. 870 cr shot in the arm

about 12 years ago

Shares of Punjab National Bank (PNB) are up 1.5% at Rs. 169, as the PSU bank has announced an equity infusion to the tune of Rs. 870 crore by the Central Government, at a premium to current market price. While the fund infusion was known earlier, the exact details, as to the pricing and ...

Bajaj Hindusthan looking sweet

about 12 years ago

Bajaj Hindusthan is looking very ‘sweet’ today. The stock breached the upper circuit at Rs.32.45, just a tad lower than its 52-week high of Rs.32.60, with volumes rising 1.5 times. The stock is currently up over 7% at Rs.31.60. The stock is up after the company issued a statement ...

L&T hits a new high

about 13 years ago

L&T is amongst the top gainers on the BSE currently, with the stock opening higher at Rs.1612.25, going on to hit a new 52-week high at Rs.1649. The stock is buzzing today, enthused by the robust numbers it posted for Q4FY14. Its net profit for the quarter rose, on the back of higher top ...

ITD Cementation jumps on big order

about 12 years ago

This small cap civil engineering company is on a quick gallop today. Hitting a new 52-week high of Rs.627, with volumes jumping up over 4 times, the stock seems to be in big demand with the punters. This new found love for the stock is a late reaction to the company’s announcement on F ...

SKS Micro gets FII attention

about 12 years ago

SKS Microfinance is currently amongst the top three gainers in an otherwise lackluster market. The stock opened higher at Rs,354.15 and is currently at Rs.364, up almost 5%. It has hit a 52-week high on 5th Dec at Rs.377.80. The stock is up after FII, UBS initiated a “buy” on the ...

TVS Motors skids into the red

about 11 years ago

TVS Motor is down in the red today morning. Intra day, the stock lost over 4% at Rs.279.60. Though it has recovered from this level, it is still in the red, down some 2%. The market is disappointed with the company’s Q3FY16 performance though it is not bad given the circumstances. The n ...

Ujjivan Financial is a bright star

about 10 years ago

Newly listed stock, Ujjivan Financial is easily the brightest shining star on the bourses today, rather for the few days. It has been consistently in the green, hitting new highs on 29 and 30th June and then again yesterday at Rs.420.90 and now today too at Rs.427.40. The stock had got liste ...

DLF builds up as Q1 sales improve

about 11 years ago

DLF is currently the top gainer on the BSE. Enthused by its increase in sales for Q1FY16 despite the fall in net profit, the stock hit a new 52-week high today at Rs.124.80 and it remains at the same levels, up 9%. Some 17 lakh shares have changed hands since the morning. The realty develope ...

Tide Water hits a life time high

about 11 years ago

Tide Water Oil has been hitting a new life time almost every day for the past few days. Today also it hit a new high at Rs.33269. It has come off this high level is now at Rs.32480 levels. The company closed its open offer on 30th Dec. As we all know, the company is facing a hostile takeover ...

SREI Infra in the eye of attention

about 11 years ago

SREI Infra is the top loser on the BSE currently, down 6% at Rs.55 levels. The market is unhappy with the news that BNP Paribas Lease group is picking up a 5% stake in the company in a non-cash deal. In lieu of this 5% stake, BNP will divest its 50% stake in another SREI company - Srei Equipment ...

Indigo makes a smooth landing

about 11 years ago

Interglobe Aviation or Indigo has made a strong debut on the bourses today. As against the offer price of Rs.765, the stock opened at Rs.856, went on to an intra day high of Rs.898. It is currently quoted at Rs.883, up 15.5%. The company’s IPO ended on 29th of Oct. The IPO was subscrib ...

Punj Lloyd deep in red

about 11 years ago

Punj Lloyd seem to be a in a bad shape – financially and on the bourses. The company posted a net loss for Q2FY16 and the stock tumbled down intra day almost 14% to Rs.21.45. Its 52-week high and low stands at Rs.42.45 and Rs.20.75 respectively. The capital goods company, net loss for ...

Trident jumps on Q2 numbers

about 11 years ago

Trident had hit a new high in July this year at Rs.49.50 and today, it came so close to making a new high when it hit an intra day high of Rs.47.50. It is currently up 6% at Rs.46 levels and volumes are up over 1.5 times. Trident is the flagship Company of US$1 billion Trident Group and lead ...

Tide Water jumps on "suprise" offer

about 11 years ago

Tide Water Oil (India) is showing a lot of activity today with the stock currently up over 3% at Rs.17,572.Its intra day high crossed Rs.18,000 to hit Rs.18,300. Its 52-week high is at Rs.19,700. This PSU lubricant maker came out with a surprise open offer as it received a takeover call from ...

TTML hits 20% UC

about 11 years ago

Tata Teleservices (Maharashtra) or TTML has hit 20% upper circuit on the bourses today, and remains frozen at a price of Rs. 8.45 per share on NSE. Its current market cap stands at Rs. 1,650 crore. While 1.46 crore shares have already changed hands since morning, there are outstanding buyers for ...

Neyvelli Lignite slumps on poor Q3

about 11 years ago

Neyveli Lignite Corp, the PSU mining lignite and generating power posted very disappointing numbers for Q3FY16. Its net profit for the quarter slumped by a huge 85% (YoY) to Rs.48 crore on a 16% drop in income at Rs.1255 crore. The PSU kept the operating costs stable at Rs.1205 crore; of thi ...

Railway stocks chug along

about 11 years ago

Tomorrow is the Railway Budget and the rail stocks were all down in the red when they opened but now, some are slowly trailing into the green, up less than 1% in most. Kalindee Rail, Titagarh Wagons, BEML. Siemens is down over 2% while Allcargo Logistics is up over 2%. Stone India is up over 1%. ...

Ujjivan gets listed at premium

about 11 years ago

Yesterday, we had Thyrocare Tech making a smart debut on the bourses and today it is microfinance firm, Ujjivan Financial Services. The stock got listed on the BSE at Rs.227, going up to Rs.230 and is now at Rs.228 levels. The company has priced its IPO at the upper band at R ...

Aditya Birla Nuvo at new high

about 10 years ago

Aditya Birla Nuvo hit a new 52-week high today at Rs.1197.65 and continues to remains strongly in the green. Amongst the top five gainers on the BSE, the stock is up currently 6% at Rs.1192 levels. The company announced yesterday after market closure that it has set up a new subsidiary &ndas ...

I G Petro up on credit upgrade

about 11 years ago

Organic chemicals maker IG Petrochemicals is up 3% at Rs. 122.70, in an absolutely flat market. Volumes on the counter are also strong; nearly 1.2 lakh shares exchanging hands on both the exchanges, since morning. After reporting healthy number for Q1FY16 last Friday, this m ...

Indraprastha Gas burns bright

about 13 years ago

Indraprastha Gas is amongst the top gainers of the day currently, up over 4% at Rs.288, with an intra day high at Rs.289.90. Volumes are up over two times. The stock is in the limelight as there is now just a week to go for the gas price hike to get effective as the deadline of 1st April loo ...

Ashok Leyland skids on Q4 numbers

about 12 years ago

The market is hugely disappointed with the performance of Ashok Leyland. Currently the second top loser on the BSE, the stock is down almost 4.5% at Rs.68.40, its intra day low point. It opened a bit stronger but soon profit booking pushed down the stock price. The company, for Q4FY15, poste ...