IIFL ASSET MANAGEMENT
Hot Stocks: 3 stocks that may give returns between 16-33% Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
27 Jun, 2024, 05.53 AM ISTRuchir Sharma joins Asset Allocation Committee of 360 One Wealth Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth.
20 Jun, 2024, 04.39 PM ISTIIFL Finance subsidiary raises Rs 216 crore through public bond issue IIFL Finance's microfinance subsidiary IIFL Samasta Finance has garnered Rs 216 crore through its second public bond issue against a Rs 1,000-crore target despite higher interest rates, as investors were likely concerned over the regulatory scrutiny...
17 Jun, 2024, 08.09 PM IST- ADVERTISEMENT
Muthoot Finance shares rally 4% post Q4 results. Should you invest? Muthoot Finance Share Price: Muthoot Finance shares surged by 4.3% on Friday on the BSE, reaching a day's high of Rs 1,745. This uptick followed the company's announcement of a profit after tax of Rs 1,056 crore, marking a 17% year-on-year (YoY) inc...
31 May, 2024, 11.15 AM ISTLonger-term bullish trend continues on capex & cable-related stocks: Sanjiv Bhasin Sanjiv Bhasin, Director at IIFL Securities, discusses the bullish trend in stocks, particularly in capex and cable-related sectors. He highlights optimism despite high valuations, mentioning GMR and RR Kabel's performance.
30 May, 2024, 11.08 AM ISTIIFL Samasta aims to raise Rs 1000 crore in bonds, to pay 9.2-10.5% "We are raising public bonds to fulfill credit requirements of underserved and unserved customers across the 417 districts we operate in the country, as the large part of the country gets into monsoon season, credit requirements for agriculture, agr...
30 May, 2024, 06.03 AM ISTIIFL Securities to foray into wealth management IIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nuvama Wealth Management, and Anand Rathi Wealth are valued at ₹28,535 crore, ₹17,913 crore, and ₹17,263 crore r...
29 May, 2024, 10.07 AM IST360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management. Bhagat’s...
27 May, 2024, 12.21 AM ISTManappuram Finance Q4 Results: Profit beats Street estimates on healthy loan growth Indian gold-loan provider Manappuram Finance reported a better-than-expected fourth-quarter profit on Friday, helped by strong loan growth at both its gold and non-gold segments.
24 May, 2024, 07.18 PM ISTNext week, market will be up & about; 5 metal stocks to bet on: Sanjiv Bhasin Market volatility expected amid election results, with focus on stock-specific gains in PSUs and metal counters like NALCO, NMDC, SAIL, Vedanta, Coal India. Midcaps show resilience, offering opportunities in metals, ABB, Siemens, Bharat Forge, Therm...
09 May, 2024, 10.31 AM ISTSome more consolidation likely this week; 4 top buy ideas now: Sanjiv Bhasin Sanjiv Bhasin advises on market recovery, consumer stock investment, and potential buys such as Rattan Power, Coal India, Coforge, and Bajaj Finserv. He also highlights FII impact and Kotak Bank's analysis. Bhasin says: "We have an accumulate on Kot...
06 May, 2024, 12.05 PM ISTNBFCs' Q4 profit may surge 15% on strong loan growth, asset quality The full impact of the Reserve Bank of India's (RBI) increase in risk weights on consumer credit for banks and NBFCs, which was announced in November last year, is also likely to be felt this quarter impacting profitability and growth for small-tick...
18 Apr, 2024, 06.23 AM ISTIIFL Finance plans Rs 1,272-crore rights issue On April 16, shares of the company declined 2.35% to 421.7 apiece. Mumbai markets were shut Wednesday. A rights issue is an incentive for existing shareholders to buy more shares of the company at a discount.
18 Apr, 2024, 06.07 AM ISTPhoenix ARC buys two stressed loans from IIFL It has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoenix ARC was the only participant in the open auction, the source said. Both Phoenix ARC and IIFL spokespersons d...
08 Apr, 2024, 05.33 AM ISTGold loan startup Rupeek is staring at a down round Rupeek could be staring at a cut of as much as 40-50% in its valuation. It was last valued at $600 million. A down round is where a company raises new funds at a lower valuation compared with the previous round.
15 Mar, 2024, 07.35 AM ISTFitch puts IIFL Finance on 'Rating Watch Negative' after RBI action RBI order asked the company to stop new gold-backed lending and related off-balance-sheet funding transactions.
14 Mar, 2024, 04.39 PM ISTRegulatory curbs to hit IIFL Finance, JM Financial Products, say rating companies CareEdge, Crisil, and ICRA Ratings have placed IIFL Finance under rating watch following the RBI ban on giving new gold loans. Neither of the rating companies has revised the ratings of both finance companies.
14 Mar, 2024, 06.29 AM ISTIIFL Finance board clears Rs 2,000 crore fundraise The company said that it plans to raise ₹1,500 crore by way of fast track rights issue before the end of June 2024 while the NCDs will be raised by this month-end.
14 Mar, 2024, 06.17 AM ISTA correction was long overdue in small and midcap space: Jonathan Schiessl Jonathan Schiessl discusses the overdue correction in mid and smallcaps, the regulatory concerns about frothy valuations, the importance of caution when investing in companies facing regulatory issues, and the challenges and opportunities in India's...
07 Mar, 2024, 09.35 AM ISTIIFL Finance plunges 20% post RBI ban on gold loans Manappuram Finance and Muthoot Finance, two of the country's top gold financing companies, rose as the central bank's move is expected to benefit these firms.
06 Mar, 2024, 05.54 AM IST