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Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today released the third edition of its Social Impact Report, demonstrating how targeted credit drives measurable economic, social and environmental outcomes for India’s most dynamic yet underserved businesses. Produced in partnership with Dun & Bradstreet India, the report reflects UGRO’s expanding reach, serving over 135,000 MSMEs through 200+ branches nationwide and underscores its commitment t...
Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability
Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability
Source: PR Agency
2025-07-01 05:34:09 pm
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India AU Small Finance Bank is currently trading at Rs. 824.45, up by 6.70 points or 0.82% from its previous closing of Rs. 817.75 on the BSE. The scrip opened at Rs. 817.25 and has touched a high and low of Rs. 829.00 and Rs. 817.25 respectively. So far 9708 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 829.65 on 1-July-2025 and a 52 week low of Rs. 479.00 on 18-Mar-2025. Last one week high and low of the scrip st...
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India
Source: Accord Fintech
2025-07-01 10:58:05 am
Indian economy remains a key driver of global growth: RBI Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, the Reserve Bank of India (RBI) said on Monday.  The Reserve Bank, in the June 2025 issue of its 'Financial Stability Report (FSR)', said that elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. &ldquo...
Indian economy remains a key driver of global growth: RBI
Indian economy remains a key driver of global growth: RBI
Source: IANS
2025-07-01 09:59:09 am
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd Over the past 4-5 weeks, we had around 75 investor meetings across Mumbai, Singapore, and Hong Kong. Discussions mainly focused on takeaways from our China trip and its implications for Indian metals & mining equities, and recent developments in the steel sector. We also engaged with several physical commodity traders in Asia to assess near-term on-the-ground movements in supply-demand balances and prices. Our key takeaway is that sentiment around metals & mining equities is improving...
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2025-06-29 09:56:15 am
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services LIC HF reported a beat in PAT of +6% JMFe at INR 13.7bn (+25%/-4% YoY/QoQ) led by margins inch up of +16bps QoQ. NIM expansion was driven by ~19bps decline in CoF and one-off interest recoveries of INR 160mn from NPA accounts. NII grew -3%/+8% YoY/QoQ while higher other income from recoveries from write-offs led to further beat in PPoP (- 1%/+7%YoY/QoQ, +7% JMFe). Disbursements growth was healthy at +5%/+24% YoY/QoQ; with loan book reaching INR 3.1trn (+7%/+3% YoY/QoQ). Asset quality improved...
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services
Source: JM Financial Services Ltd
2025-06-28 12:31:21 pm
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime sector.  Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India’s maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as a...
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector
Source: IANS
2025-06-27 10:02:02 am
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025 The government-owned insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 report for 2025.  The report notes that LIC's 2025 brand value stood at $13.6 billion, up 35.1 per cent from its 2024 brand value of $10.07 billion. LIC reigns supreme among the top brands ranked in the Indian insurance sector. The public sector giant claimed the position of the world’s third stronge...
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025
Source: IANS
2025-06-25 02:50:46 pm
Centrum Capital surges on the BSE Centrum Capital is currently trading at Rs 32.29, up by 0.82 points or 2.61% from its previous closing of Rs 31.47 on the BSE. The scrip opened at Rs 31.47 and has touched a high and low of Rs 32.92 and Rs 31.31 respectively. So far 10392 shares were traded on the counter. The BSE group 'T' stock of face value Rs 1 has touched a 52-week high of Rs 43.69 on 30-Jul-2024 and a 52-week low of Rs 22.41 on 07-Apr-2025. Last one week high and low of the scrip stood at Rs 32.92 and R...
Centrum Capital surges on the BSE
Centrum Capital surges on the BSE
Source: Accord Fintech
2025-06-25 02:01:07 pm
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank BLS E-Services is currently trading at Rs. 202.85, up by 6.70 points or 3.42% from its previous closing of Rs. 196.15 on the BSE. The scrip opened at Rs. 205.95 and has touched a high and low of Rs. 205.95 and Rs. 199.10 respectively. So far 2299 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.90 on 25-Jun-2024 and a 52 week low of Rs. 131.15 on 07-Apr-2025. Last one week high and low of the scrip stood at ...
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank
Source: Accord Fintech
2025-06-25 12:57:11 pm
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services Strong quarter Aptus reported a strong PAT of INR 2.1bn (+26%/+9% YoY/QoQ) which was 6% above our estimates leading to RoA/RoE of 7.6%/20%. This was led by a) steady NII growth (+19%/+3% YoY/QoQ, -3% JMFe) as NIMs (calc.) declined -29bps QoQ, b) higher other income (+80%/+93% YoY/QoQ), and c) lower than expected opex (+21%/+11% YoY/QoQ). AUM growth remained strong at (+25%/+6% YoY/QoQ) driven by disbursements growth of (+10%/+14% YoY/QoQ). GS3/NS3 improved by ~8/6bps QoQ and PCR was sequen...
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services
Source: JM Financial Services
2025-06-25 10:00:57 am
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd Volatility in earnings behind; gradual improvement ahead We interacted with the senior management team of Piramal Enterprises (PIEL), represented by Mr. Jairam Sridharan, CEO of Retail Lending and MD of Piramal Finance, to gain insights into the company's future growth plans and other strategic developments. The key takeaways from our discussion are outlined below. * PIEL is now more confident about its Retail business strategy and has emphasized that legacy challenges are largely b...
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-25 08:56:10 am
Add CreditAccess Grameen Ltd For Target Rs. 1,225 By Emkay Global Financial Services Ltd To be key beneficiary of the MFI recovery storyAfter slipping into loss in 3Q, CREDAG was able to post profit (of Rs472mn) in Q4, mainly on improvement in margin and contained provisions. MFI asset quality continues to take a hit from MFIN guardrails as well as the adverse impact of the ordinance in Karnataka (which led to Rs1.5bn additional credit cost in Q4FY25). We believe full implementation of MFIN guardrails alongside adverse impact of the recent TN ordinance could keep MFI stress eleva...
Add CreditAccess Grameen Ltd For Target Rs. 1,225 By Emkay Global Financial Services Ltd
Add CreditAccess Grameen Ltd For Target Rs. 1,225 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2025-06-24 05:41:09 pm
Banking & Finance Sector update : MOFSL BFSI picks 2.0: Earnings to gain traction from 2H by Motilal Oswal Financial Services Ltd MOFSL BFSI picks 2.0: Earnings to gain traction from 2H Prefer private banks over PSBs; NBFCs and non-lending financials well positioned FY25 was a challenging year for the BFSI sector. Over the past 12 months (Jun’24-25), Bank Nifty and the Nifty Financial Index posted returns of 8.1% and 14.6%, respectively, compared with 5.4% for the Nifty-50. Several BFSI stocks delivered healthy double-digit returns over the past 12 months, such as HDFCB (17%), ICICI (23%), KMB (23%), FB (17%...
Banking & Finance Sector update : MOFSL BFSI picks 2.0: Earnings to gain traction from 2H by Motilal Oswal Financial Services Ltd
Banking & Finance Sector update : MOFSL BFSI picks 2.0: Earnings to gain traction from 2H by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-24 05:01:38 pm
Salem Erode Investments jumps on raising Rs 40.60 lakh through NCDs Salem Erode Investments is currently trading at Rs. 43.30, up by 0.85 points or 2.00% from its previous closing of Rs. 42.45 on the BSE. The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 43.30 and Rs. 43.30 respectively. So far 5 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.00 on 10-Dec-2024 and a 52 week low of Rs. 36.56 on 07-Apr-2025. Last one week high and low of the scrip stood at Rs...
Salem Erode Investments jumps on raising Rs 40.60 lakh through NCDs
Salem Erode Investments jumps on raising Rs 40.60 lakh through NCDs
Source: Accord Fintech
2025-06-24 12:21:57 pm
India`s Credit Divide: Formal Access Grows, But Informal Borrowing Persists India’s financial inclusion journey has made significant progress over the past decade. From just 53% of adults holding a bank account in 2014, the number surged to 77.5% by 2021—driven by initiatives like the Pradhan Mantri Jan Dhan Yojana (PMJDY), Aadhaar-linked digital identity, and the growth of mobile-first financial services. Building on these gains, a new analysis by Piramal Enterprises Ltd. suggests that the next step in India’s inclusion journey lies in broadenin...
India`s Credit Divide: Formal Access Grows, But Informal Borrowing Persists
India`s Credit Divide: Formal Access Grows, But Informal Borrowing Persists
Source: PR Agency
2025-06-24 11:57:11 am
Buy Shriram Finance Ltd For Target Rs.750 By Emkay Global Financial Services Ltd SHFL’s Q4FY25 results were mixed – credit cost was elevated causing a PBT miss, which was offset by lower tax rate that led to in-line PAT. This was due to temporary factors: i) Reported NIM dropped by 23bps QoQ to 8.25%, largely on excess liquidity of ~Rs120bn owing to large ECB loans raised in Dec-24 and Q4. ii) SHFL technically wrote-off Rs23.45bn of loan fully provided for; this led to GS3/NS3 of 4.55%/2.64% in Q4 vs 5.38%/2.68% in Q3, and PCR drop to 43.3% from 51.6% QoQ. iii...
Buy Shriram Finance Ltd For Target Rs.750 By Emkay Global Financial Services Ltd
Buy Shriram Finance Ltd For Target Rs.750 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-06-22 12:06:40 pm
Buy PNB Housing Finance Ltd For Target Rs. 1,150 By JM Financial Services Steady Quarter; Recoveries to continue over FY26 PNB Housing Finance (PNBHF) delivered a PAT beat of +8% over our estimates at INR 5.5bn (+25% YoY, +14% QoQ) leading to RoA/RoE of 2.8%/13% during the quarter driven mainly by recoveries from its retail written-off pool. NII came in at INR 7.3bn (+17% YoY, +5% QoQ) as NIMs remained largely stable QoQ at 3.75% (+5bps QoQ). PPoP stood at INR 6.5bn (+14% YoY, +12% QoQ) with opex growth +19% YoY, +3% QoQ. There was a provision write-back of INR ...
Buy PNB Housing Finance Ltd For Target Rs. 1,150 By JM Financial Services
Buy PNB Housing Finance Ltd For Target Rs. 1,150 By JM Financial Services
Source: JM Financial Services
2025-06-22 12:05:22 pm
Reduce Poonawalla Fincorp Ltd For Target Rs. 280 By Emkay Global Financial Services Ltd Poonawalla reported another patchy quarter (Q4) with elevated credit cost (3.03% of AUM) and opex (4.6% of AUM) pushing profitability materially lower (RoA of 0.76%). With sharp focus, and investment in technology and AI capabilities, the mgmt is confident of achieving strong growth with better-thanindustry credit cost, across existing offerings and the 6-7 newer products. To reflect the Q4 developments and mgmt commentary, we adjust our FY26-27 estimates, building in Rs40bn capital raise in ...
Reduce Poonawalla Fincorp Ltd For Target Rs. 280 By Emkay Global Financial Services Ltd
Reduce Poonawalla Fincorp Ltd For Target Rs. 280 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-06-22 11:48:15 am
Buy L&T Finance Ltd For Target Rs. 185 By JM Financial Services In-line quarter L&T Finance (LTF) reported an in-line quarter, with PAT increasing modestly (+2% QoQ, +15% YoY, in-line JMFe), while RoA moderated slightly to 2.17% (-5bps QoQ). Credit costs, though lower sequentially, remained elevated at 2.5% (-4bps QoQ), largely due to stress in the MFI, PL, and 2W portfolios. Additionally, LTF utilized INR 3bn from its macro-prudential provisions (current outstanding provisions of INR 5.75bn), which, when adjusted, results in an effective credit co...
Buy L&T Finance Ltd For Target Rs. 185 By JM Financial Services
Buy L&T Finance Ltd For Target Rs. 185 By JM Financial Services
Source: JM Financial Services
2025-06-22 11:31:34 am
Buy Shriram Finance Ltd For Target Rs. 730 By JM Financial Services Asset quality disappoints; growth trends in-line Shriram Finance (SHFL) reported a PAT of INR 21.4bn (+3% QoQ, +10% YoY), 3% below our estimates resulting in RoA/RoE of 2.9%/15.6%. The miss was largely due to higher than expected credit costs at 2.4% (vs our estimate of 2.1%). GS3/NS3 declined -83bps/-5bps QoQ to 4.6%/2.7%, though driven by technical write-offs which also led PCR declining to 43% from earlier 50%+ levels. Excluding the impact of technical write-offs, GS3 would have been 5....
Buy Shriram Finance Ltd For Target Rs. 730 By JM Financial Services
Buy Shriram Finance Ltd For Target Rs. 730 By JM Financial Services
Source: JM Financial Services
2025-06-21 05:44:09 pm
Buy Aadhar Housing Finance Ltd For Target Rs.550 - ICICI Direct Attractive play on affordable housing finance… About the stock: Established in 2010, Aadhar is the largest player in affordable housing space with AUM of Rs.23,975 crore. Diversification in terms of business mix, customer base and distribution remain core strength. • Business mix remains well balanced and granular with home loans comprising ~75% of AUM, while LAP constitutes remaining 25%. Salaried borrowers mix comprised 56% salaried and 44% self-employed segments of AUM. ...
Buy Aadhar Housing Finance Ltd For Target Rs.550 - ICICI Direct
Buy Aadhar Housing Finance Ltd For Target Rs.550 - ICICI Direct
Source: ICICI Direct
2025-06-21 08:39:32 am
Ugro Capital gains on getting nod to raise Rs 911.40 crore through CCDs Ugro Capital is currently trading at Rs. 168.70, up by 1.30 points or 0.78% from its previous closing of Rs. 167.40 on the BSE. The scrip opened at Rs. 166.30 and has touched a high and low of Rs. 170.20 and Rs. 165.50 respectively. So far 14589 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 293.98 on 01-Jul-2024 and a 52 week low of Rs. 144.10 on 03-Mar-2025. Last one week high and low of the scrip stood at R...
Ugro Capital gains on getting nod to raise Rs 911.40 crore through CCDs
Ugro Capital gains on getting nod to raise Rs 911.40 crore through CCDs
Source: Accord Fintech
2025-06-20 03:59:58 pm
Poonawalla Fincorp rises on getting nod to raise Rs 1600 crore through NCDs Poonawalla Fincorp is currently trading at Rs. 413.10, up by 1.50 points or 0.36% from its previous closing of Rs. 411.60 on the BSE. The scrip opened at Rs. 403.95 and has touched a high and low of Rs. 421.00 and Rs. 403.95 respectively. So far 32011 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 436.65 on 08-Jul-2024 and a 52 week low of Rs. 267.25 on 04-Mar-2025. Last one week high and low of the scrip stood...
Poonawalla Fincorp rises on getting nod to raise Rs 1600 crore through NCDs
Poonawalla Fincorp rises on getting nod to raise Rs 1600 crore through NCDs
Source: Accord Fintech
2025-06-20 03:57:05 pm
Fundamental Stock Pick : PNB Housing Finance Ltd for the Target Rs. 1397 by Nirmal Bang Ltd * PNB Housing Finance is India’s third-largest housing finance provider, offering a range of home loans and financial products. The company operates in both the retail and corporate segments, but predominantly focuses on retail, which now contributes 98.7% of its business. The total retail loan asset amounts to Rs 74,802 crore, categorized into prime loans (average ticket size: Rs 35 lakhs) at Rs 55,607 crore, emerging markets (ATS: Rs 25 lakhs) at Rs 14,125 crore, and affordable h...
Fundamental Stock Pick : PNB Housing Finance Ltd for the Target Rs. 1397 by Nirmal Bang Ltd
Fundamental Stock Pick : PNB Housing Finance Ltd for the Target Rs. 1397 by Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2025-06-20 01:58:32 pm
NBFC: Project Finance - Provisioning requirement to increase but much lower than in the draft by Motilal Oswal Financial Services Ltd Project Finance: Provisioning requirement to increase but much lower than in the draft No retrospective application; lenders likely to pass on higher provisions to borrowers * The RBI announced the final guidelines on project finance after incorporating feedback from various stakeholders, including banks, NBFCs, industry associations and the Central government. The final guidelines are significantly milder than the draft, particularly in respect to provisioning requirements for under-co...
NBFC: Project Finance - Provisioning requirement to increase but much lower than in the draft by Motilal Oswal Financial Services Ltd
NBFC: Project Finance - Provisioning requirement to increase but much lower than in the draft by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-20 12:37:47 pm
Buy UTI AMC Ltd for the Target Rs. 1,550 by Motilal Oswal Financial Services Ltd Strong fund performance to revive market share SIPs continue to scale up; least re-rated stock in the universe * UTI AMC’s fund performance over the past five months has improved considerably, with an average of ~70% equity AUM appearing in Q1 and Q2 on a one-year return basis in May’25 vs an average of 25% in the preceding 12 months. This, we believe, can drive equity market share gains, which have been stable at 3.9% over the past seven months. * Recent product launches...
Buy UTI AMC Ltd for the Target Rs. 1,550 by Motilal Oswal Financial Services Ltd
Buy UTI AMC Ltd for the Target Rs. 1,550 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-20 09:02:02 am
ESAF Small Finance Bank surges on getting nod to sell NPA, written-off loans worth Rs 735.18 crore ESAF Small Finance Bank is currently trading at Rs. 31.29, up by 0.89 points or 2.93% from its previous closing of Rs. 30.40 on the BSE. The scrip opened at Rs. 32.23 and has touched a high and low of Rs. 33.83 and Rs. 31.10 respectively. So far 1628074 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.11 on 19-Jun-2024 and a 52 week low of Rs. 24.35 on 27-Mar-2025. Last one week high and low of the scrip stoo...
ESAF Small Finance Bank surges on getting nod to sell NPA, written-off loans worth Rs 735.18 crore
ESAF Small Finance Bank surges on getting nod to sell NPA, written-off loans worth Rs 735.18 crore
Source: Accord Fintech
2025-06-19 02:45:00 pm
UGRO Capital to Acquire Profectus Capital In a Rs.1,400 CR All-Cash Deal UGRO Capital Limited (NSE: UGROCAP | BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to empowering the MSME ecosystem through tailored, embedded financial solutions and expanding its Emerging Market business reach. UGRO Capital has executed a Share Purchase Agreement with the existing shareholders of Profectus Capital Private Limited ("Profectus") to acquire 100% of the shares of Profectus....
UGRO Capital to Acquire Profectus Capital In a Rs.1,400 CR All-Cash Deal
UGRO Capital to Acquire Profectus Capital In a Rs.1,400 CR All-Cash Deal
Source: PR Agency ?
2025-06-19 02:27:51 pm
Shriram Finance gains on BSE Shriram Finance is currently trading at Rs. 663.50, up by 1.75 points or 0.26% from its previous closing of Rs. 661.75 on the BSE. The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 669.05 and Rs. 658.45 respectively. So far 13224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 730.43 on 27-Sep-2024 and a 52 week low of Rs. 493.60 on 20-Jan-2025. Last one week high and low of the scrip stood at...
Shriram Finance gains on BSE
Shriram Finance gains on BSE
Source: Accord Fintech
2025-06-19 11:36:21 am
Buy Home First Finance Ltd for the Target Rs. 1,500 by Motilal Oswal Financial Services Ltd Sustainable growth through expansion and digital innovation AUM CAGR of ~26% over FY25-27E; credit costs to remain benign Home First Finance (HomeFirst), in its FY25 Annual Report, highlighted its digital-first approach to making home ownership more accessible by offering innovative housing finance solutions and leveraging technology to streamline processes. HomeFirst positions itself as a foundation for change, a vision expressed in this Annual Report through a powerful metaphor: Every...
Buy Home First Finance Ltd for the Target Rs. 1,500 by Motilal Oswal Financial Services Ltd
Buy Home First Finance Ltd for the Target Rs. 1,500 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-18 11:41:55 am
NBFC Sector Update : Rate transmission to suppress lending yields; margin bias negative in 1HFY26 by Motilal Oswal Financial Services Ltd Rate transmission to suppress lending yields; margin bias negative in 1HFY26 Decline in WALR and steady WATDR point to NIM pressure for banks * The Weighted Average Lending Rate (WALR) on fresh loans decreased 9bp MoM in Apr’25, following a 5bp decline in Mar’25. Public Sector Banks (PSBs) reported a 20bp decline MoM (down 2bp MoM in Mar’25), while Private Banks (PVBs) reported a sharp reduction of 24bp MoM (up 8bp MoM in Mar’25). * WALR on outstanding loansfo...
NBFC Sector Update : Rate transmission to suppress lending yields; margin bias negative in 1HFY26 by Motilal Oswal Financial Services Ltd
NBFC Sector Update : Rate transmission to suppress lending yields; margin bias negative in 1HFY26 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-18 10:26:50 am
Buy PNB Housing Ltd for the Target Rs. 1,230 by Motilal Oswal Financial Services Ltd Building strength on solid foundations Affordable momentum, prudent execution; NIM to be a key monitorable * PNB Housing Finance (PNBHF) delivered a resilient and well-rounded performance in FY25, effectively navigating regional headwinds (in states like Karnataka and Telangana/AP) and yield pressures stemming from repo rate cuts. Despite aggressive competition in the affordable housing segment, PNBHF achieved strong growth in its affordable segment and remains confident of sustaining t...
Buy PNB Housing Ltd for the Target Rs. 1,230 by Motilal Oswal Financial Services Ltd
Buy PNB Housing Ltd for the Target Rs. 1,230 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-18 10:06:14 am
Ugro Capital shines on getting nod to acquire Profectus Capital Ugro Capital is currently trading at Rs. 175.75, up by 4.45 points or 2.60% from its previous closing of Rs. 171.30 on the BSE. The scrip opened at Rs. 182.05 and has touched a high and low of Rs. 183.35 and Rs. 174.75 respectively. So far 68340 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.00 on 01-Jul-2024 and a 52 week low of Rs. 144.10 on 03-Mar-2025. Last one week high and low of the scrip stood at R...
Ugro Capital shines on getting nod to acquire Profectus Capital
Ugro Capital shines on getting nod to acquire Profectus Capital
Source: Accord Fintech
2025-06-18 10:01:20 am
Buy Shriram Finance Ltd for the Target Rs. 800 by Motilal Oswal Financial Services Ltd Asset quality headwinds to gradually subside Normalization in surplus liquidity and declining rate cycle to boost NIM * The last quarter of FY25 was a mixed bag for Shriram Finance (SHFL) as its AUM growth and disbursement momentum were healthy but its asset quality exhibited minor deterioration over the previous two quarters. The weakness stemmed from a slowdown in demand amid muted government capex and weak cashflows in the hands of customers. Additionally, SHFL reported margin compre...
Buy Shriram Finance Ltd for the Target Rs. 800 by Motilal Oswal Financial Services Ltd
Buy Shriram Finance Ltd for the Target Rs. 800 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-18 09:48:22 am
Arman Financial Services inches up on getting nod to raise Rs 42 crore via NCDs Arman Financial Services is currently trading at Rs. 1723.20, up by 1.00 points or 0.06% from its previous closing of Rs. 1722.20 on the BSE. The scrip opened at Rs. 1799.95 and has touched a high and low of Rs. 1799.95 and Rs. 1699.50 respectively. So far 2010 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2524.85 on 20-Jun-2024 and a 52 week low of Rs. 1111.00 on 07-Apr-2025. Last one week high and low of th...
Arman Financial Services inches up on getting nod to raise Rs 42 crore via NCDs
Arman Financial Services inches up on getting nod to raise Rs 42 crore via NCDs
Source: Accord Fintech
2025-06-16 12:22:22 pm
Enbee Trade & Finance hits upper limit on the BSE Enbee Trade & Finance is currently trading at upper limit of Rs. 0.82, up by 0.03 points or 3.80% from its previous closing of Rs. 0.79 on the BSE. The scrip opened at Rs. 0.82 and has touched a high and low of Rs. 0.82 and Rs. 0.81 respectively. So far 34168475 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.71 on 23-Dec-2024 and a 52 week low of Rs. 0.57 on 23-May-2025. Last one week high and low of the ...
Enbee Trade & Finance hits upper limit on the BSE
Enbee Trade & Finance hits upper limit on the BSE
Source: Accord Fintech
2025-06-13 04:14:34 pm
RBI`s breather on gold loans to spur growth in NBFCs The increase in the loan-to-value (LTV) ceiling provided in the RBI's final directions on gold loans will support the growth of non-banking financial companies (NBFCs) offering them, according to a Crisil report released on Friday.  The benefit will play out despite the change in LTV computation for bullet repayment loans, which now need to also factor in the accrued interest payable at the time of maturity, rather than just the initial disbursed principal amount. The increase in ...
RBI`s breather on gold loans to spur growth in NBFCs
RBI`s breather on gold loans to spur growth in NBFCs
Source: IANS
2025-06-13 03:47:07 pm
Buy LIC Housing Finance Ltd for Target Rs. 773 by Elara Capitals Tight balancing act Albeit in-line, LIC Housing Finance’s (LICHF IN) Q4 earnings were a drag, with continued pressure on core led by somber growth and tepid margin. LICHF may have to continue with its tight balancing act as regards growth versus margin improvement. This trend is largely led by heightened competition in home loans and project finance, coupled with quarterly lags in lending rate resets that help maintain margins. Moreover, portfolio diversification takes a backseat ami...
Buy LIC Housing Finance Ltd for Target Rs. 773 by Elara Capitals
Buy LIC Housing Finance Ltd for Target Rs. 773 by Elara Capitals
Source: Elara Capital
2025-06-13 12:14:40 pm
Accumulate CreditAccess Grameen Ltd for Target Rs.1,365 by Elara Capitals Pinning hopes on H2FY26 recovery Q4FY25 earnings for Credit Access Grameen (CREDAG IN) rebounded due to reduced provisions, but underlying core operations remain challenging. While Karnataka (31.1% of gross loan portfolio [GLP]) and Tamil Nadu (19%) challenges to persist in H1FY26 and caution in Bihar (4.8%) stays, growth revival in H2 is expected to be stronger. While the Portfolio at Risk (PAR) bucket roll-forward rates are nearing normal, headline NPA remains high, suggesting credit cos...
Accumulate CreditAccess Grameen Ltd for Target Rs.1,365 by Elara Capitals
Accumulate CreditAccess Grameen Ltd for Target Rs.1,365 by Elara Capitals
Source: Elara Capital
2025-06-13 11:53:38 am
Ujjivan Small Finance Bank soars on launching Ujjivan Rewardz Ujjivan Small Finance Bank is currently trading at Rs. 48.85, up by 0.44 points or 0.91% from its previous closing of Rs. 48.41 on the BSE. The scrip opened at Rs. 47.22 and has touched a high and low of Rs. 49.60 and Rs. 46.93 respectively. So far 394809 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.80 on 10-Jun-2025 and a 52 week low of Rs. 30.85 on 28-Jan-2025. Last one week high and low of the scrip st...
Ujjivan Small Finance Bank soars on launching Ujjivan Rewardz
Ujjivan Small Finance Bank soars on launching Ujjivan Rewardz
Source: Accord Fintech
2025-06-13 11:03:23 am
Buy Bajaj Finance Ltd for Target Rs. 11,161 by Elara Capitals Resilience amid headwinds Although in-line with expectations, BAJAJ FINANCE (BAF IN) earnings witnessed elevated provisions for Q4 but were offset by lower opex and one-off tax reversals. Recalibration of unsecured book weighed on margin, down 13bp QoQ. Q4 saw asset quality blips with increased ECL provisions of INR 3.6bn after factoring in higher forward flows of 9MFY25, spike in Stage 2, up INR 7.8bn, and higher write-offs of INR 21bn. While rural B2C is still not out of the woods and ur...
Buy Bajaj Finance Ltd for Target Rs. 11,161 by Elara Capitals
Buy Bajaj Finance Ltd for Target Rs. 11,161 by Elara Capitals
Source: Elara Capital
2025-06-13 11:00:13 am
MFs O/s Debt Exposure to NBFCs at an 82-Month High by CareEdge Ratings Synopsis * Mutual Fund (MF) debt exposure to Non-Banking Financial Companies (NBFCs), which includes Commercial Papers (CPs) and Corporate Debt, has remained over the Rs 2 lakh crore mark for 13 consecutive months, hitting an 82-month high. In April 2025, this exposure reached Rs 2.69 lakh crore, reflecting a y-o-y increase of 29.4% and a sequential rise of 9.1%. * Additionally, CPs have consistently been over the one lakh crore mark for the past 17 months, currently totalling Rs 1.41 l...
MFs O/s Debt Exposure to NBFCs at an 82-Month High by CareEdge Ratings
MFs O/s Debt Exposure to NBFCs at an 82-Month High by CareEdge Ratings
Source: CareEdge Ratings
2025-06-11 05:47:40 pm
CreditAccess Grameen moves up on securing $100 million multi-currency syndicated social loan facility CreditAccess Grameen is currently trading at Rs. 1219.95, up by 23.75 points or 1.99% from its previous closing of Rs. 1196.20 on the BSE. The scrip opened at Rs. 1236.45 and has touched a high and low of Rs. 1249.95 and Rs. 1209.15 respectively. So far 38881 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1524.75 on 18-Jun-2024 and a 52 week low of Rs. 750.05 on 27-Jan-2025. Last one week high and low of the s...
CreditAccess Grameen moves up on securing $100 million multi-currency syndicated social loan facility
CreditAccess Grameen moves up on securing $100 million multi-currency syndicated social loan facility
Source: Accord Fintech
2025-06-11 03:02:00 pm
IIFL Finance surges on getting nod to raise up to Rs 600 crore through NCDs IIFL Finance is currently trading at Rs. 492.90, up by 11.70 points or 2.43% from its previous closing of Rs. 481.20 on the BSE. The scrip opened at Rs. 481.55 and has touched a high and low of Rs. 494.00 and Rs. 481.00 respectively. So far 69312 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 560.50 on 20-Sep-2024 and a 52 week low of Rs. 280.95 on 04-Mar-2025. Last one week high and low of the scrip stood at R...
IIFL Finance surges on getting nod to raise up to Rs 600 crore through NCDs
IIFL Finance surges on getting nod to raise up to Rs 600 crore through NCDs
Source: Accord Fintech
2025-06-11 11:58:10 am
Jana Small Finance Bank surges on applying for universal banking licence Jana Small Finance Bank is currently trading at Rs. 532.45, up by 12.75 points or 2.45% from its previous closing of Rs. 519.70 on the BSE. The scrip opened at Rs. 551.65 and has touched a high and low of Rs. 552.90 and Rs. 530.00 respectively. So far 87766 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 760.85 on 19-Jun-2024 and a 52 week low of Rs. 364.00 on 21-Jan-2025. Last one week high and low of the scri...
Jana Small Finance Bank surges on applying for universal banking licence
Jana Small Finance Bank surges on applying for universal banking licence
Source: Accord Fintech
2025-06-10 12:29:31 pm
PTI Copy Poonawalla Fincorp Launches Industry-First 24/7 Fully Digital Business Loans for MSMEs Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, today announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs). This innovative offering provides instant approval with a risk-first approach and flexible repayment options. Designed to address the credit needs of MSMEs with speed, convenience, ...
PTI Copy Poonawalla Fincorp Launches Industry-First 24/7 Fully Digital Business Loans for MSMEs
PTI Copy Poonawalla Fincorp Launches Industry-First 24/7 Fully Digital Business Loans for MSMEs
Source: PR Agency
2025-06-09 05:39:06 pm
Arman Financial Services shines on raising Rs 40 crore through NCDs Arman Financial Services is currently trading at Rs. 1576.60, up by 56.30 points or 3.70 % from its previous closing of Rs. 1520.30 on the BSE. The scrip opened at Rs. 1506.70 and has touched a high and low of Rs. 1583.40 and Rs. 1498.05 respectively. So far 6649 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2528.05 on 13-Jun-2024 and a 52 week low of Rs. 1111.00 on 07-Apr-2025. Last one week high and low of ...
Arman Financial Services shines on raising Rs 40 crore through NCDs
Arman Financial Services shines on raising Rs 40 crore through NCDs
Source: Accord Fintech
2025-06-06 02:04:26 pm
Good Monsoon to drive 10-15% YoY earnings growth in agri-linked sectors in H2 FY26: smallcase Manager GoalFi According to smallcase manager GoalFi, if the monsoon maintains above-average intensity and distribution across key agrarian regions, sectors such as tractors, agri-inputs, rural NBFCs, and consumer durables could see 10 - 15% earnings growth YoY in H2 FY26, supported by rural liquidity and demand recovery. smallcase manager GoalFi believes that, as the expectation of a good monsoon continues and the impact of stable crop output and softening global prices becomes more evident, a 25-basis-...
Good Monsoon to drive 10-15% YoY earnings growth in agri-linked sectors in H2 FY26: smallcase Manager GoalFi
Good Monsoon to drive 10-15% YoY earnings growth in agri-linked sectors in H2 FY26: smallcase Manager GoalFi
Source: PR Agency
2025-06-04 04:46:46 pm