Page 2 - Nbfc Stocks
Aditya Birla Capital rallies 6% on plans to merge Aditya Birla Finance
Analysts believe that the amalgamation scheme would offer key positives to Aditya Birla Capital, which includes simplified operations and elimination of Holdco discount.
 "Aditya Birla Capital rallies 6% on plans to merge Aditya Birla Finance")
Investors dump NBFC stocks, shift money to banking ones amidst RBI fears
Analysts said investors fear that the surveillance will likely spread throughout the industry, and more might be the targets of the regulator's ire
 "Investors dump NBFC stocks, shift money to banking ones amidst RBI fears")
NBFC major Shriram Finance to replace agro chemicals firm UPL in Nifty50
Meanwhile, Adani Power, IRFC, Jio Financial Services, PFC and REC have got included in the Nifty Next 50 index
 "NBFC major Shriram Finance to replace agro chemicals firm UPL in Nifty50")
Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week
Shares of Jio Financial hit a record high of Rs 325 in intra-day deals on Friday backed by near two-fold jump in trading volumes on the BSE.
 "Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week")
Jio Financial Services slips 7% post December quarter results
The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.
 "Jio Financial Services slips 7% post December quarter results")
Cholamandalam Investment joins Rs 1-trillion market cap club; hits new high
The stock hit a record high of Rs 1,239.80, surging 7 per cent in the past two trading days
 "Cholamandalam Investment joins Rs 1-trillion market cap club; hits new high")
Solid listing: SBFC Finance debuts at 44% premium over its issue price
Post listing, the stock hit a high of Rs 89.50, a gain of 57 per cent when compared with the issue price of Rs 57 per share.
 "Solid listing: SBFC Finance debuts at 44% premium over its issue price")
Jio Financial listing: NBFC stocks must cross key hurdles to resume rally
Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts
 "Jio Financial listing: NBFC stocks must cross key hurdles to resume rally")
M&M Financial hits highest level since Mar 2020, soars 10% post Q3 results
Mahindra Finance is benefitting from the healthy sectoral tailwinds and its parent Mahindra & Mahindra's strong recovery in auto volumes.
 "M&M Financial hits highest level since Mar 2020, soars 10% post Q3 results")
Five Star Business Finance IPO kicks off: Should you subscribe?
The 1,960 crore initial public offering (IPO) of Five-Star Business Finance opened for subscription on Wednesday, November 9 and will close on Friday, November 11
 "Five Star Business Finance IPO kicks off: Should you subscribe?")
New kid in D-town: Nifty Financial Services sees steady growth, shows data
Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year
 "New kid in D-town: Nifty Financial Services sees steady growth, shows data")
Manappuram Finance plunges 12%, hits 2-year low on weak Q4 results
Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.
 "Manappuram Finance plunges 12%, hits 2-year low on weak Q4 results")
NBFC shares rise as RBI extends NPA norms compliance date
Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules.
 "NBFC shares rise as RBI extends NPA norms compliance date")
PTC India Financial slumps 19% on resignation of 3 independent directors
Three independent directors of the NBFC have resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.
 "PTC India Financial slumps 19% on resignation of 3 independent directors")
Bajaj Finance slips 3%, down 8% in 3 days on growth and valuation concerns
With the ongoing 3-day correction, the stock of NBFC has now corrected 14 per cent from its record high level of Rs 8,020 touched on October 10, 2021
NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report
Capex loan sanctions still in negative territory
 "NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report")
HDFC & HDFC Bank, PNB & PNB Housing Fin: Strategies for 'twin' stocks
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
 "HDFC & HDFC Bank, PNB & PNB Housing Fin: Strategies for 'twin' stocks")
Bajaj Fin, LIC Hsg: Good time to buy NBFC stocks? Here's what charts say
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
 "Bajaj Fin, LIC Hsg: Good time to buy NBFC stocks? Here's what charts say")
LIC Housing wins in valuation, but its asset quality a drag: Analysts
Lender's capitalisation may restrict growth and it's asset quality could be worse if a Supreme Court order is disregarded.
 "LIC Housing wins in valuation, but its asset quality a drag: Analysts")
Shriram Transport Finance soars 15% on improvement in asset quality in Q3
The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning
 "Shriram Transport Finance soars 15% on improvement in asset quality in Q3")
