Mahindra Finance is benefitting from the healthy sectoral tailwinds and its parent Mahindra & Mahindra's strong recovery in auto volumes.
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
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
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.
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.
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.
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
Capex loan sanctions still in negative territory
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
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
Lender's capitalisation may restrict growth and it's asset quality could be worse if a Supreme Court order is disregarded.
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
While questions remain, RBI panel's recommendations, if implemented, could result in structural changes for the sector
Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks
Over the past few sessions, most NBFC stocks have gained ground. Here are the key levels to watch in select counters basis their technical chart pattern
NBFCs may be forced to dig into their cash reserves if systemic liquidity support dries up
The policy boost by the government and the RBI will help the economy and the financial system immensely, says Manish Gunwani
Backing of a liquid collateral and pricing power augur well
Amid FII sell-off, contribution of financials to the index dips to 37.8%
Stock up 37% from issue price, higher valuation could cap further upside