NBFC

NBFC Sector Update - SC directs Center/RBI to revi..

SC directs Center/RBI to review interest waiver matter Next hearing scheduled for first week of Aug’20 * The Supreme Court (SC), in a hearing on 17th Jun&rsq..

`Government, RBI need to ensure that banks flush w..

NBFCs have been going through a liquidity crisis over the past two years and the Covid-19 pandemic has only worsened the situation. Mahesh Thakkar, the Director Genera..

Buy Can Fin Homes Ltd For The Target Rs. 430 - Geo..

Stable growth amidst slowdown Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in south India with focus on Tier 1 and Tier 2 cit..

Hold Edelweiss Financial Services Ltd For Target R..

Uncertain times ahead * EDEL reported weak Q4 results, with AUM falling for the fourth straight quarter). AUM declined 47.1% YoY and 32.2% QoQ to Rs191bn amid tight li..

Hold Shriram City Union Finance Ltd For The Target..

Tight liquidity dictates balancing act Barring lockdown impactin the last week of March, Q4FY20 was an operationally stable quarter for ShriramCity Union Finance (SCUF..

Hold Bajaj Finance Ltd For Target Rs. 2150 - Emkay..

Slowing growth; improving collections * Bajaj Finance (BAF) has reported Rs1.38tn in AUM (down 6% qoq/up 7% yoy), slowest growth in the past 10 years. * Slowing gro..

Buy IIFL Wealth Management Ltd For The Target Rs. ..

Strategic business transition evident IIFL Wealth &Asset Management’s Q4FY20 earnings reflect focus on transition towards more sustainable recurring revenues..

Hold Magma Fincorp Ltd For The Target Rs. 22 - ICI..

Weakness will get amplified in a tough environment Magma Fincorp (Magma) reported a Q4FY20 loss of Rs355mn led by lower NII and higher effective tax rate. Magmaranks b..

Neutral PNB Housing Finance Ltd For The Target Rs...

Corporateasset quality deteriorating AUM declines sequentially; GNPL ratio spikes * PNBHOUSI reported INR2.4b net loss (v/s est. of INR2.4b PAT) in 4QFY20, dri..

Technical Stock Pick - Buy Shriram Transport Finan..

Technical Stock Pick - Buy Shriram Transport Finance Ltd For Target Rs. 862 - HDFC Securities Observations: After correcting sharply from a high of 1367 touche..

NBFC body urges FM to include individuals under EC..

Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purcha..

Indiabulls Housing F Q4 net profit down 20.77% at ..

The company reported standalone net profit of Rs 693.53 crore for the quarter ended March 31, 2020 as compared to Rs 875.39 crore in the same period last year, registerin..