Among the stocks in focus on Monday, Shree Renuka Sugars looks strong on charts, while Inox Green Energy seems weak.
The final decision for the fundraising is likely to be taken in the upcoming board meeting on October 5
Stocks to watch on Monday, September 25, 2023: Canara Bank, Delta Corp, Granules, Hindustan Copper, Indiabulls Housing and Manappuram Finance are the six stocks in F&O ban period today.
All deposit-taking NBFCs and non-deposit-taking NBFCs with an asset size over Rs 1,000 crore are in the middle layer
In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years
Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent
Bajaj Finance is already into used car financing and is in the process of tying up with dealers for new four-wheeler financing
In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023
The company continues to invest in technology, digitising operations. But operating leverage kicking in has helped to improve its cost ratios over FY24
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached
Guides for 29-31% growth in assets in FY24
CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.
Bajaj Finance's total revenue from operations grew 34.6% YoY to Rs 12,497.81 crore from Rs 9,284.26 crore
Though most analysts are bullish on the stock, their average target price indicates that near-term positives are well captured
Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank
Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter
Chinese electric vehicle maker BYD's subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive vehicle financing solutions to BYD dealers and customers across India, fostering the widespread adoption of electric vehicles (EVs) in the country, BYD India said. "The partnership with Bajaj Finance is aimed at offering our customers and dealers access to a diverse range of financing solutions. We understand the vital role they play in our business, and this new alliance allows us to provide support to our customer base, said Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India. Electric vehicles have seen a surge in popularity in recent years and BYD has been a major player in this space. Auto financing market has begun to shift with customers expecting hassle-free access to credit, said ..
S&P Global Ratings on Tuesday said a strong recovery is underway in the Indian financial sector and upgraded four financial institutions, including Union Bank of India and Bajaj Finance. The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in the operating conditions. "S&P Global Ratings today upgraded Bajaj Finance, Hero FinCorp, Shriram Finance, and Union Bank of India... A strong recovery is underway in the Indian financial sector," S&P said. S&P expects India's financial institutions, especially the public sector banks, to sustain their improvement in capital positions. Bank earnings will also likely be comparable to other emerging market peers, although margins could decline as the banks reprice deposits. "We expect earnings for our rated non-bank finance companies to remain healthy despite pressure from the rising cost of ...
The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions
Bajaj said that the customers will get an option on the website and app to stop receiving these calls