Buy Bajaj Finserv Ltd For Target Rs.5,500.00 - Sharekhan

Key points

* Impressive overall performance:

Bajaj Finserv (BFS) reported strong results for Q1FY2018. The company’s general insurance and financing businesses posted healthy growth, while life insurance business reported decent numbers, with good growth in gross written premiums (GWP) and renewal premi

22/07/2017 11:28:01 AM | Posted in Broking Firm Views - Long Term Report read full news
DHFL standalone Quarterly Result net profit up 29.33% at Rs 260.48 cr

Net sales of the company rose substantially by 22.89 per cent at Rs 2,406.58 crore for the quarter ended June 30, 2017 as against Rs 1,958.28 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 33.70 per cent to Rs 233.56 crore from Rs 174.69 in year ago period.

Other Income grew by 15.38 per cent at Rs 1.20 crore versus (Jun'16 Rs

Reliance Nippon Life logs 8% premium growth

 Private life insurer Reliance Nippon Life Insurance Company Ltd on Friday said it closed the first quarter with eight per cent growth in its premium income.

In a statement issued here the company said it has earned a total premium (net of reinsurance premium) of Rs 700 crore for the quarter ended June 30.

The company - a subsidiary of Reliance Capital Ltd - h

Reliance General Insurance posts Rs 44 cr net profit

 Reliance General Insurance on Thursday said it closed the first quarter with its gross written premium going up by 41 per cent year-on-year and 22 per cent growth in its profit after tax.

The company board also approved listing of the shares in the stock exchanges to unlock value for the shareholders.

In a statement issued here, the company said it has booked

Accumulate Bajaj Finance Ltd For Target Rs.1,750.00 - Emkay

On a winning streak

* Bajaj Finance (BAF) continued to deliver strong operating performance driven by robust asset growth, healthy margin expansion and stable asset quality despite regulatory migration to 90-dpd NPL recognition which led to the earnings beat

* Notably, continued expansion in its distribution reach and the pre-GST destocking e

20/07/2017 3:21:28 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy L&T Finance Holdings Ltd For Target Rs.180.00 - Motilal Oswal

Focused approach

Strong execution toward stated goals to boost profitability

* L&T Finance Holdings (LTFH) is a quintessential turnaround story, in our view. From a company with 20+ product lines and sub-standard return ratios, it is gradually transforming itself to a focused financier with eight product lines across thr

20/07/2017 3:09:40 PM | Posted in Broking Firm Views - Long Term Report read full news
Neutral Gruh Finance Ltd For Target Rs.450.00 - Motilal Oswal

Impressive all-round performance

* Gruh Finance (GRHF) reported PAT of INR722m (7% below our estimate) for 1QFY18, driven by higher-than-expected provisioning charge. Operating performance was robust and ahead of expectations.

* Loan growth was in line with trend at 19% YoY, driven by retail home loans. Disbursements continue to be strong in

20/07/2017 3:00:57 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Bajaj Finance Ltd For Target Rs.1,740.00 - Sharekhan

Key points

Enthusiastic operating performance:

Bajaj Finance Limited (BFL) reported robust operating performance for Q1FY2018. Net interest income (NII) surged by 48.9% YoY to Rs.2,087 crore. The impressive NII growth was driven by healthy growth in advances (up 35.9% YoY) and expansion of net interest

20/07/2017 12:12:05 PM | Posted in Broking Firm Views - Long Term Report read full news
Bajaj Finance`s Quarterly Result standalone net profit up 42%

Bajaj Finance on Wednesday reported a surge of 41.98 per cent in its standalone net profit after tax (PAT) to Rs 602 crore for the first quarter (Q1) of the 2017-18.

On a standalone basis, the company's net PAT for Q1 stood at Rs 602 crore as compared to Rs 424 crore reported during the corresponding quarter of last fiscal.

During the quarter under review, the

Bajaj Finance net rises 42% at Rs 602 cr

Bajaj Finance today reported a jump of 42 per cent in its net profit at Rs 602 crore for the first quarter ended June of 2017-18. Net profit in April-June of 2016-17 was at Rs 424 crore. Total income rose 39 per cent to Rs 3,165 crore for the June quarter as against Rs 2,282 crore a year ago, the company said in a regulatory filing. Shareholders also approved the proposal of Rs 4,500 crore fund

Shriram Transport Fin raises Rs 980 cr via private placement

Shriram Transport Finance Company said that it has raised Rs 980 crore on private placement basis. “The allotment committee-NCDs of the company has approved and allotted 9800 secured, redeemable, rated, listed non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 980 crore,” the company said in a filing to the Bombay Stock Exchange. Meanwhile, shares

Banking and NBFC Sector Update IDFC-Shriram merger: An uphill task - Emkay

IDFC-Shriram merger: An uphill task

Last week, the IDFC and Shriram groups’ management announced their intent to merge the two groups to create a large financial services conglomerate. While both the groups have complementarity in terms of the current nature of their businesses, we observe that the proposed merger scheme is highly complex and gai

18/07/2017 9:42:26 AM | Posted in Broking Firm Views - Sector Report read full news
Shriram Transport raises Rs 300 cr via NCDs

Shriram Transport Finance on Monday said that the company has raised Rs 300 crore through allotted of Secured Redeemable Rated Listed Non-Convertible Debenture on private placement basis.

“The Allotment Committee - NCDs of the company in its meeting held today, approved and allotted 3000 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs 10 lakh each,

Derivative Ideas Muthoot Finance Ltd For Target Rs.502.00 - Religare Sec

Derivative Ideas

Muthoot Finance has witnessed good short covering in last trading session. The scrip has also breached a stiff resistance of 464,we expect follow up buying and the stock to rally towards 504 in the short term.

 

Strategy:

BUY Muthoot Finance July@472-

17/07/2017 11:24:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Capital First Ltd For Target Rs.775.00 - Religare Sec

Capital First Limited

In line with other NBFC counters, CAPF has surged strongly of late and also witnessed an upside breakout from a consolidation range. It now looks upbeat for fresh up move thus traders shouldn’t miss this opportunity and accumulate in the given range.

17/07/2017 11:18:47 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Dewan Housing Finance Corporation Ltd For Target Rs.465.00 - Religare Sec

Derivative Ideas

DHFL added around 3% of open interest as fresh long positions. On charts, it has breached past 10 sessions’ congestion zone on the higher side with noticeable rise in volumes. It is also trading in higher highs-higher lows formation on charts. Hence, we suggest buying DHFL July futures as per levels given below.<

14/07/2017 2:49:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Ltd For Target Rs.1,786.00 - Reliance Se

STOCK IN FOCUS

* HDFC closed 1% higher, outperforming benchmark NIFTY Index by 0.3%

* Over the last few years, HDFC Ltd has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded at

14/07/2017 2:20:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Housing Finance Ltd For Target Rs.1,187.00 - Reliance Se

* Indiabulls Housing Finance is in the strong up-trend, as stock reversed after taking support of its 23.6% Fibonacci Retracement level of prior multi-month leap (from Rs605 to 1187) and managed to recover partial losses.

* Due to recent recovery in the prices, key technical indicator-RSI also reversed from sub-60 mark and about to give positive cross-over, which is signaling strength

14/07/2017 1:33:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Reliance Capital receives 378 crore from Nippon Life

Reliance Capital Ltd on Thursday said it has received Rs 378 crore from Nippon Life Insurance on the completion of increasing its stake to 49 per cent in Reliance Nippon Life Asset Management Ltd (RNAM).

In a statement here, Reliance Capital said it will book capital gains on this final transaction during the third quarter ending September 30, 2017.

RNAM is the largest asset

Buy Indiabulls Housing Finance Ltd For Target Rs.1,190.00 - Religare Sec

Indiabulls Housing Finance Limited

IBULHSGFIN witnessed a marginal profit taking from its 52 week high and retraced closer to the support zone of short term moving averages on daily chart. After hovering around that zone for few weeks, it looks all set to resume the uptrend again. We advise to accumulate in the given range.

13/07/2017 9:45:51 AM | Posted in Broking Firm Views - Short Term Report read full news

AU Small Finance Bank shares end with over 51% premium

Shares of AU Small Finance Bank closed at a premium of over 51 per cent against the issue price of Rs 358 in debut trade, reported PTI. The stock listed at Rs 525, reflecting a sharp gain of 46.64 per cent over the issue price on BSE. During the day, it zoomed 52.23 per cent to Rs 545. It finally closed at Rs 541.20, up 51.17 per cent. The stock later opened at Rs 530, up 48 per cent on NSE.

AU Small Finance Bank IPO - ICICI Securities

Appended is the quote being shared by Ajay Saraf, Executive Director, ICICI Securities Ltd post today’s listing of AU Small Finance Bank IPO:  

“We are delighted to be a part of this journey of bringing AU Small Finance Bank to the Indian Capital Markets. With an issue size of over 1900 crore, it was one of the largest issue to hit the capital markets in calendar year

Buy Power Finance Corporation Ltd For Target Rs.134.00 - Reliance Se

* The stock has corrected sharply in the last one quarter from the high of 168 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of major decline multi week support of 115 will continue to work as key

10/07/2017 12:06:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Indias AU Small Finance Bank surges on trading debut after $296 million IPO

MUMBAI - Shares in India's AU Small Finance Bank Ltd jumped as much as 52 percent on their market debut after the lender's 19.13 billion-rupee ($296.4 million) initial public offering of shares.

The stock was trading at 526.05 rupees by 0430 GMT on the BSE stock exchange, compared with its IPO issue price of 358 rupees. It hit a high of 544 rupees in early dea

Shriram-IDFC likely merger to create financial conglomerate: Ajay Piramal

 Financial majors Shriram Group and IDFC have announced a possible merger to create a "financial conglomerate", a top company official said here on Saturday.

"Today the boards of Shriram Group and IDFC entered into an exclusivity arrangement for 90 days to jointly explore the possibility of merger," Ajay Piramal, Chairman of Shriram and Piramal group, sai