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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 ...

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 ...

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 ...

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;

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

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.

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

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 ...

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.

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 ...

Shipping Corporation in rough sea

about 10 years ago

Shipping Corporation of India or SCI as it is more popularly recognized, posted a very dismal set of numbers for Q2FY17. The poor show by its liner and bunker verticals plus higher costs is what did it in. The company posted a 30% (YoY) drop in total income at Rs.759 crore. Costs were at 101 ...

Dredging Corporation at new high

about 9 years ago

Dredging Corporation had hit a new high on Friday at Rs.723 and today too, in the morning trades, it hit a new high at Rs.752.40. In the last one month alone, it has risen over 20%.

Corporation Bank bounces back

about 8 years ago

Over the past few days, Corporation Bank had been hitting new lows almost every single day. Even yesterday, it hit a new low at Rs.21 but today it is in the deep green

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,

Corporation Bank in the red

about 9 years ago

Corporation Bank is down in the red, just Rs.1.40 away from hitting its 52-week low of Rs.38.05.

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.

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 ...

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
--------------------------------------------------
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

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

Manipal makes premium debut

about 2 months ago

The stock made its BSE debut today, listing at Rs. 655 against the discovered price of Rs. 590. At around 10:10 am, the stock was trading at Rs. 644.95, up Rs. 54.95 or 9.31% over the discovered price, though down 1.53% from its listing/opening level.

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 ...

Avon Corporation

about 19 years ago

Price Band : Rs. - to Rs. -
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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 ...

Corporation Bank tumbles

about 9 years ago

Little wonder then that the stock price is currently amongst the top losers on the BSE, down 3% at Rs.45 level; its 52-week high and low stands at Rs.64.70 and Rs.35.60 respectively.

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.

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

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.

NCD ISSUE - ECL FINANCE

about 13 years ago

Price Band : Rs. - to Rs. -
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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.

NCD ISSUE - INDIA INFOLINE FINANCE

about 13 years ago

Price Band : Rs. - to Rs. -
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Shriram Finance

about 14 years ago

Price Band : Rs. - to Rs. -
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RURAL ELECTRIFICATION CORPORATION

about 19 years ago

Price Band : Rs. - to Rs. -
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Shipping Corporation (SCI) - What Are Its Non-Core Assets

about 5 years ago

Aggregate NPV of Non-Core assets works out at Rs. 11,000 cr, being Rs. 236 per share. Taking 50% discount, the share of Non-core assets company, should rule at over Rs. 100 per share.

L&T Finance

about 15 years ago

Price Band : Rs. - to Rs. -
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SHIPPING CORPORATION OF INDIA

about 16 years ago

Price Band : Rs. - to Rs. -
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Manipal Payment

about 1 month ago

Unconvincing
Subscription Start Date :9 Sep 2026 End Date :11 Sep 2026
Issue Size : Rs. 805 cr, Issue Type : Fresh cum OFS
Price Band : Rs.322 to Rs. 339
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Overall Subscription : 1.42x
QIB : 1.26x,HNI :1.22x,Retail :2.19x
Listing Date : 17 Sep 2026, , Listing Price : 330

Shipping Corporation - Adani Seen in Forefront to Acquire

about 5 years ago

Expect process to start monetization from this December.

Manipal Health

about 3 months ago

Not Healthy for Portfolio
Subscription Start Date :29 Jul 2026 End Date :31 Jul 2026
Issue Size : Rs. 9,275 cr, Issue Type : Fresh cum OFS
Price Band : Rs.560 to Rs. 590
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Overall Subscription : 4.92x
QIB : 8.25x,HNI :1.02x,Retail :0.93x,Other :2.19x
Listing Date : 5 Aug 2026, , Listing Price : 652

SAMVARDHANA MOTHERSON FINANCE

about 15 years ago

Price Band : Rs. - to Rs. -
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RURAL ELECTRIFICATION CORPORATION

about 19 years ago

Price Band : Rs. - to Rs. -
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NCD Issue - INDIA INFOLINE FINANCE

about 14 years ago

Price Band : Rs. - to Rs. -
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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.

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.

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 ...

Shriram Finance

about 16 years ago

Price Band : Rs. - to Rs. -
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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 ...

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

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.

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.

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

Shriram Finance

about 13 years ago

Price Band : Rs. - to Rs. -
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Corporation Bank is euphoric

about 10 years ago

Corporation Bank is the top gainer on the BSE currently and at an intra day high at Rs.47.50, it was just a tad away from its 52-week high of Rs.47.80. Volumes have spurted up by almost 5 times. The reason for this euphoria is the very good numbers for Q2FY17. The PSU bank posted a 9% (YoY) ...

Shriram Finance

about 13 years ago

Price Band : Rs. - to Rs. -
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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 ...

Corporation Bank slips on poor Q2 numbers

about 13 years ago

Corporation Bank is currently the top loser on the BSE, down 6% at Rs.281.70, with an intra day low at Rs.279. Its 52-week low is at Rs.239.55. The bank stock has tumbled down after it posted a set of disappointing numbers for Q2FY14. The PSU bank’s net profit for the quarter dropped b ...

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 ...

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. ...

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 ...

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

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

SAHARA GROUP - ALL DOES NOT SEEM WELL

about 14 years ago

Interestingly, its group company, Sahara India Commercial Corporation in 2009, issued shares to its 2.6 million shareholders. This meant, after RIL and Reliance Power, it had the third largest base of shareholders. Why did it then not get listed? Because that would mean transparency and would involve corporate governance issues?

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.

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.

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,

Shipping stocks in good waters

about 1 year ago

This has naturally led to shipping stocks like Cochin Shipyard, Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers (GRSE) and Shipping Corporation of India (SCI) seeing strong buying interest.

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%.

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;

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 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

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

Shipping stocks in good waters

about 11 months ago

A rare year-end spike in global freight rates is reshaping the risk–reward for Indian shipping and shipbuilding names such as Great Eastern Shipping, Shipping Corporation of India (SCI), Chowgule Steamships and Cochin Shipyard.

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.

NBCC in the limelight

about 12 years ago

National Buildings Construction Corporation (NBCC) is very much in the limelight currently. The stock opened Rs.22 higher at Rs.827, going on to hit an intra day high at Rs.847.75. Its 52-week high is at Rs.922.80. The stock has surged up after it announced yesterday evening, after market cl ...

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

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,

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

OMCs sulk for more

about 1 year ago

Indian Oil Corporation spurted up 2%, BPCL rose 2.5% and HPCL rose over 2% but is currently trading in the negative; IOC and BPCL too are just about holding onto the green.

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

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

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.

Minda Corp among losers

about 4 years ago

Minda Corporation is right there among the top five losers on the BSE since the morning bell today; the stock price fell 3.5% to hit an intraday low at Rs.195.75.

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.

SCI sailing in good waters

about 11 years ago

Shipping Corporation of India (SCI) is in the limelight today after having hit a new high four days ago at Rs.79.40. Today, in the morning trades when it hit an intra day high of Rs.77.25, it seemed precariously close to clinching a new high. But it has since then come off that level and is now t ...

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.

Birla Corp goes southwards

about 8 years ago

Birla Corporation is showing a lot of action today, with volumes rising over four time but unfortunately, this journey is southwards.

DESPACITO – SLOWLY GETTING DESPONDENT

about 7 years ago

If the Govt had thought that it could have got the market to celebrate and soar with their merger announcements on Friday; well, it gauged the moods completely wrong. The overhang of the slowdown, the further falling sales numbers of the auto sector and another merger news of BPCL into Indian Oil Corporation kept the markets down, really really down.

LIC - PERSONAL PIGGY BANK OF GOVT?

about 11 years ago

Life Insurance Corporation (LIC) is one of the best managed organisations of India. Consistently profit making, it has proven time and again that it has probably got the investment acumen than all the FIIs and all investment analysts put together. Yet, there is now a worry creeping up slowly. Looking at the way in which LIC is now being made to pick up the tab everywhere, be it the railway or roads, and not to mention its stake in PSU banks, one cannot help wonder if LIC will soon be forced to go the Air India or HMT way. It is probably

WILL OTHER PSUs ALSO BECOME 'RECs'?

about 12 years ago

Naturally, no one expected the Offer for Sale (OFS) of Rural Electrification Corporation (REC) to turn out into such an overwhelming success. For the past couple of years, it has been seen that PSU offers go abegging; even when stocks are issued to retail investors at a discount, there are no takers and it is LIC which always comes to the rescue. The same story was expected this time too but REC too everyone by surprise. The Rs.1500-crore issue was oversubscribed some 5.5 times. Apart from the overwhelming response from institutional investors, retail investors

BSE LISTING - A "TO DO" LIST THAT NEVER GETS DONE!

about 13 years ago

But looks like it might indeed take a while for this historic IPO to hit the capital market. There is a bizarre clause issued by the SEBI's Stock Exchange and Clearing Corporation Regulations (SECC), which mandates that every shareholder of BSE is fit & proper. How much more bizarre can this get?

SHOULD YOU HOLD 'HOLDING' COMPANIES?

about 10 years ago

Bombay Burmah Trading Corporation recently hit a new 52-week high at Rs.636. The stock price defies all logic when one looks at the financials - for Q1FY17, its net sales dropped 3% (YoY) at Rs.63 crore and the company ultimately ended Q1 with a net loss of Rs.4 crore. So why this kind of valuation?

PSU banks in the limelight

about 7 years ago

PSU Banks are up among the top gainers on the BSE today morning, led by Corporation Bank, Central Bank, SBI, IOB, Allahabad Bank, Syndicate Bank, J&K Bank

Megasoft jumps on new order

about 10 years ago

The company, was awarded the cloud-enabled solution & services contract by the Bihar State Electronics Development Corporation Ltd. (BELTRON). The state Government of Bihar

Aviation stocks in turbulence

about 10 years ago

Fuel prices are on the uptick, as was forewarned by the Economic Survey yesterday. As though waiting for this cue from the Govt, Indian Oil Corporation announced a 3% increase or a Rs.1539/kL in jet fuel prices, effective from today.

REC hits a new high

about 10 years ago

Rural Electrification Corporation (REC) is the top gainer on the BSE currently and it hit a new 52-week high at Rs.198.60, with a 2.5 times jump up in volumes.

Dredging Corp gets "staffed"

about 9 years ago

Dredging Corporation of India (DCI) jumped up over 2.5% to Rs.702.40 and continues to remain in the green. Its 52-week high is at Rs.920.

PSU Banks steal the limelight

about 10 years ago

It’s a great day for PSU banks on the bourses today. Indian Overseas Bank, BoB, Bank of Maharashtra, PNB, Indian Bank, Corporation Bank, Canara Bank, Andhra Bank, Oriental Bank, Syndicate Bank – all have hit a new 52-week high today. SBI is currently less than Rs.2 away from hitting a new high.

SCI sails smooth in high sea

about 9 years ago

Shipping Corporation of India (SCI) is the top gainer since opening bell today, hitting a new 52-week high the moment it opened at Rs.92. Volumes have spiked up over 6 times.

ACGL in the green

about 9 years ago

Automobile Corporation of Goa is a JV between Tata Motors and Goa Govt. Tata Motors holds 46.44% and EDC, a financial institution established by the Government of Goa

SCI sinks into bigger loss

about 9 years ago

PSU Shipping Corporation of India (SCI) is a big loser on the markets today, currently the top loser on the BSE; slipping down 7.5% to Rs.100.80.

IOC jumps on bonus news

about 9 years ago

Indian Oil Corporation (IOC) is in the limelight today morning. In the opening bell session, the stock price rose over 4% to Rs.398.50. Its 52-week high is at Rs.462.60 and low at Rs.351.

Dredging Corp hits news high

about 10 years ago

Dredging Corporation of India had closed at Rs.445.50 on Friday and what a run it has had today! It zoomed up to hit a new 52-week high at Rs.518.80 and

Anjani Portland in the limelight

about 10 years ago

Anjani Portland Cement, a subsidiary of Chettinad Cement Corporation which holds 75% equity, is in the limelight after it announced today morning that its 16 MW coal based Captive Power Plant has been commissioned successfully at the Factory's cement plant in Telangana. The company probab ...

Concor hits a new high

about 12 years ago

Container Corporation of India or Concor soared to a new high today at Rs.1650 and continues to remain over 9% up. Volumes are at 30,000 shares traded today compared to two week average of 28,000 shares. The action on the counter of Concor is all thanks to RBI. On Thursday, the RBI issued a ...

TCI hits a new high

about 11 years ago

Transport Corporation of India (TCI) hit a new 52-week high today at Rs.330. Its life time high stands at Rs.475.55, hit on 4th Dec’06. Along with TCI, other logistic companies – Gati, Allcargo, Gateway Distriparks, Snowman, Patel Integrated, Sical; all these companies are strong ...

NBCC spurts up over 4%

about 12 years ago

National Buildings Construction Corporation (NBCC) is on pretty good run today morning. The stock opened Rs.8 higher at Rs.796, going to an intra day high of Rs.830 and is currently at Rs.819, up 4%. Its 52-week high stands at Rs.1087. The stock is in the limelight after the company stated t ...

NBCC in the limelight

about 11 years ago

National Buildings Construction Corporation (NBCC) is currently in the limelight. The stock is up over 4% at Rs.919 with an intra day high and low of Rs.933.90 and Rs.888 respectively. Its 52-week high is at Rs.1087. The stock is buzzing today after the company announced today that DDA has e ...

Dredging Corp jumps up 4%

about 9 years ago

Dredging Corporation of India (DCI) rose almost 4% today morning to Rs.856.65. It has come off these levels but remains in the green at Rs.838 levels. The stock had hit a 52-week high on 8th Jan at Rs.920.

Cipla on a wonderful run

about 12 years ago

Cipla has been on a wonderful run on the bourses for the past few days. It has been hitting a new high consistently for the past three consecutive days. Today’s new high stands at Rs.746.50. The company yesterday announced that Stempeutics Research, a group company of Manipal Educ ...

IOC down as OFS gets underway

about 11 years ago

Indian Oil Corporation has lost a lot of ground today. The stock is down almost 4% at Rs.379 with an intra day low of Rs.378.50. In terms of volume, some 3.5 lakh shares have changed hands. The market is not too enthused with the floor price fixed for its Offer-for-sale. It has been fixed at ...

Navkar Corp lists below issue price

about 11 years ago

Shares of Container Freight Station (CFS) operator Navkar Corporation saw a below-than-issue-price listing at Rs. 152 per share on BSE and NSE this morning, vis-a-vis IPO price of Rs. 155 per share. Despite a 2.85 times subscription to the Rs. 600 crore IPO, which closed on 26th A ...

STC posts a turnaround

about 11 years ago

State Trading Corporation of India (STC) is in the limelight today. The stock is up almost 3% at Rs.158 levels with volumes of 39,000 shares. Govt of India holds 90% stake and only 7.94% is the floating stock. The market is enthused with this PSU’s Q2FY16 performance. It posted a turna ...

Sharp India locked in 20% UC

about 11 years ago

Sharp India was locked on the 20% upper circuit at Rs.48.35, clocking volumes of over 6.5 times. Its 52-week high and low stands at Rs.89.50 and Rs.34.70 respectively. The stock is up unconfirmed reports that Foxconn is eyeing buying out Sharp Corporation and has offered around $5.3 billion. ...

Sunil Hitech on 5% UC

about 10 years ago

Sunil Hitech announced today that it has received an order worth Rs.434 crore from the National Highways & Infrastructure Development Corporation Limited on Engineering, Procurement & Construction (EPC) of Road Project in Arunachal Pradesh. This project is in JV with PCL- Eagle Infra Indi ...

Reliance Infra in the limelight

about 11 years ago

Reliance Infrastructure is up in the green today. The stock is currently up over 5% at Rs.431, its present intra day high point. Its 52-week high is at Rs.622.05. The stock is reacting positively to the news that its has signed a purchase agreement with Birla Corporation to sell 100% of its ...

Concor gets the "OFS blues"

about 11 years ago

Container Corporation of India or Concor, a PSU enterprise is down in the red today morning. The stock which has closed at Rs.1226.65, opened lower at Rs.1200.05, going down further to Rs.1185.80. The stock is down, with the markets not happy with the Offer For Sale (OFS) price. Usually, whe ...

OMCs jump up as fuel prices rise

about 11 years ago

It is after a long gap that oil marketing companies, HPCL and BPCL are today figuring out in the top gainers list. HPCL is up Rs.20 at Rs.810.80 and BPCL is up Rs.21 at Rs.907.65. Indian Oil Corporation is also in the green, up by around Rs.8 at Rs.409. It is reacting to petrol price being h ...

SCI in rough waters

about 10 years ago

Shipping Corporation of India (SCI) is the top loser on the bourses, down over 9% intra day at Rs.67.45. Its 52-week low stands at Rs.54.50. The big disappointment is the company’s Q1FY17 performance as there was an overall drop across all earnings. Total income was down 22% (YoY) at R ...

Polyplex Corp in the limelight

about 10 years ago

Polyplex Corporation is in the limelight today morning. The stock price rose to Rs.300 and continues to remain around the same levels, up some 4%. Its 52-week high is at Rs.315. The stock is up on the company’s announcement that it has completed the acquisition of its entire equity sta ...

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.

PSU Banks in the red

about 10 years ago

PSU Banks are the big losers on the BSE since morning. Bank of Baroda leads the pack with a loss of 2.44%, Federal Bank is next, down 2.33%, Bank of India, Oriental Bank, SBI, PNB, Corporation Bank, Canara Bank; all are in the red. Even Private sector banks like ICICI Bank, Yes Bank, Axis, all ar ...

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).

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.

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

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%.

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;

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.

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.

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

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.

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.

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

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%

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

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

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.

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.

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.

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

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%.

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

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

Career Point in deep green zone

about 12 years ago

Showing a spurt in volumes by over 3 times, the stock is a big gainer currently, up over 9% at Rs.147.40, with a intra day high at Rs.151.90. The stock has spurted up after it announced that it has signed a MoU with Rajasthan Skills and Livelihood Development Corporation (an undertaking of G ...

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.

“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.

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.

Accel Frontline hits upper circuit

about 13 years ago

Accel Frontline has breached the upper circuit at Rs.35.50, the moment it opened for trading today morning. Its 52-week high is at Rs.38. The stock is frozen on the upper circuit after it announced today morning that CAC Corporation of Japan and the promoters of Accel Have come together to fo ...

CCI stacks up on bonus

about 13 years ago

Container Corporation of India is up and about today. The stock which closed yesterday at Rs.1091.15, opened today at Rs.1145 and is now at Rs.1147.95, up 5.2%. Volumes are huge at over 2300 shares changing hands today compared to just 278 shares over past two weeks average. The stock zoomed ...

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.

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.

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?

GMDC zooms to top gainer

about 10 years ago

Call it the effect of our Editor , Mr.SP Tulsian, recommending GMDC on CNBC TV18 or the current fancy for natural resource companies, Gujarat Mineral Development Corporation (GMDC) is today the top gainer on the BSE. From yesterday’s close of Rs.107.80, the stock today surged to Rs.113.50, ...

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

KS Oils to be delisted from NSE

about 14 years ago

KS Oils is down 5% on the BSE at Rs.1.57, a new low and frozen on the lower circuit. Over 3 lakh more pending sell orders remain. The stock is down after the NSE issued a circular stating that it will suspend trading in K S Oils and Abhishek Corporation for their failure to comply with provi ...

IOC slips and recovers

about 13 years ago

Indian Oil Corporation yesterday had hit a new 52-week low at Rs.186.20 and today though it is not at this low, it remains in the red. It has recovered from an earlier over 3% fall to now a less than a25 drop. The stock is down on this untimely decision of the Govt to divest 10% stake in the ...

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.

IOC leads OMC gainers

about 13 years ago

Oil Marketing Company (OMC) stocks like HPCL, BPCL and Indian Oil Corporation (IOC) are all in the green at the moment. IOC is up over 1% at Rs.208.85, its current intra day low though intra day high was robust at Rs.214. Volumes remain muted. These OMC stocks are in the green after the RBI ...

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

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.

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%

PTC India switches 'on'

about 13 years ago

Share of PTC India Ltd. is trading higher by 5.74% i.e. up Rs. 2.90 at Rs. 53.50 per share, in an otherwise lack-lustre broader market. The company has announced receipt of Rs.778 crore from UP Power Corporation on account of past outstanding dues against sale of power to the latter. ...

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

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.

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.

Banking stocks lead gainers

about 13 years ago

Banking stocks lead the gainers on the BSE today, just like yesterday. The top gainers on the BSE currently are Indian Bank, Corporation Bank, Dena Bank, IDFC and the only non-bank stocks – HDIL. This panache for banks, especially PSU banks has gone up post the good performance reporte ...

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.

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.

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.

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 ...

New Navaratna's shine brighter

about 12 years ago

Engineers India is doing well today morning, with the stock opening higher at Rs.311 from the closing of Rs.302.95, hitting an intra day high at Rs.318. Also National Buildings Construction Corporation (NBCC), hit a new high at Rs.322. Both the stocks are up, reacting to the news which came ...

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.

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 ...