MANAPPURAM FINANCE CASE
Bajaj Finance can become best pick in financial space amongst largecaps in one or two quarters: Digant Haria
Whatever growth will pick up will probably happen on the infra corporate side. HDFC is not known to be very strong on those sides. So, I do not see that growth and the margin problems will get solved in the immediate quarter and the stock has had a good run up along with the market. So, I think people should celebrate and you have to wait for a few more quarters before the results actually fire up.
2 top stock recommendations from Rahul Sharma
And on the upside, structurally, we are seeing this Nifty head towards the 25,000 mark over the next three to six months kind of a timeframe. So, the bull market is very much on. It is just that market is changing gears, especially on the sectoral front. So, one sector that we like particularly is the IT space.
We continue to expect CAGR of 20% and 20% ROE this year: VP Nandakumar, Manappuram Finance
Manappuram Finance MD, VP Nandakumar, remains unaffected by RBI regulations, with strong profitability and 19% AUM growth. NIMs fell to 15%. Nandkumar says: "We have a level playing field even when we introduced that. So, it has not affected the business negatively. We are right on track as far as our guidance is concerned."
Coming soon: A shield for your pledged gold
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in current practices leads to legal challenges and auctioning of pledged gold.
Prefer NTPC over Tata Power; Tata Chemicals to benefit most in case of Tata Sons listing: Sudip Bandyopadhyay
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital: "There is speculation about Tata Sons getting listed, benefiting Tata Chemicals. Tata Power, Tata Steel, Indian Hotels, and Tata Motors are benefiting from the halo effect. Tata Steel is the best buy. Manappuram is an interesting buy. Nykaa, PB Fintech, and Delhivery have good potential."
Don't paint them with the same brush: 18 financial services stocks from different segments with more than 20% upside potential
Just because of the stock, HDFC bank came under pressure, a narrative got built, that the whole banking and financial services sector is facing headwinds. But the fact is financial service is a very broad term, it would be wrong to look at them with the same lens. Each segment is an industry in itself which is governed by an operating matrix which is very different from another. For example, a Housing finance company can be happy with 10 percent net margins, but for an average asset management company ( AMC) the net margin would be more than 30 percent. Similarly, a gold loan company is best of the NPA provisioning ability but the margins are not very high. The only common thing which binds the financial service sector is the GDP growth rate as the growth in all segments have a certain well defined relationship with growth in GDP.
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Neeraj Chadawar on 5 themes that will have a bearing on equity market
Neeraj Chadawar says: Based on this manufacturing theme, we identified four stocks for 2024. These are Pitti Engineering, Archean Chemical, Sansera Engineering and Amber Enterprises. Our second theme is PSU banks. We believe that PSU banks are in a bright spot and they will continue their growth momentum in 2024 also and under the PSU banking theme, we like SBI
Every sector has a cycle, tide might be changing for financials: 5 stocks with right PEG ratio
Financial sectors stocks tend to do well, where there is inflow from foreign portfolio investors, the reason, it is their preferred sector for taking exposure to the Indian market for decades as it can also act as a proxy for GDP growth. After a gap of two months, September and October, FPI have been net buyers in the month of November and till date in December. Given the fact that in the last one year there has been a sort of underperformance by financials stocks, there is high probability that we might see some of them making a come back, we take a look at stocks from this sector where one of one of valuation matrix meets the criteria for investing for long term.
GIFT Nifty down 20 points; here's the trading setup for today's session
"Overall, given the resilient domestic economy and strong earnings outlook, the positive trend remains intact. Lot of stock-specific action is likely to be seen as we progress into the results season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty up 10 points; here's what changed for market while you were sleeping
India VIX, which is a measure of the fear in the markets, fell 0.17% to settle at 11.73 levels.
Gift Nifty down 30 points; here's what changed for markets while you were sleeping
"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
GIFT Nifty down 5 points; here's what changed for market while you were sleeping
Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones.
4 stocks from mid-cap space with right PEG ratio for long term investor
PE ratio often acts as an anchor when investors are making investment decisions. The reason it is easy to calculate narrative has been going in the market for ages that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.
4 stocks with the right PEG ratio for long-term investor
PE ratio often acts as an anchor when investors are making investment decisions. The reason it is easy to calculate narrative has been going in the market for ages that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.
Better than PE; 5 stock with right PEG ratio for long term investing
Because it is easy to calculate and understand among the valuation ratios, PE ratio often acts as an anchor when investors are making investment decisions. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions
Better than PE: 4 midcap stocks with right PEG ratio
Because it is easy to calculate and understand the valuation ratios, the PE ratio often acts as an anchor when investors are making investment decisions. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
For a short period volatility came back on the street and it was appearing that bias would turn toward bears. But bulls have not given an inch. In this small phase there are stocks which have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Buy Manappuram Finance, target price Rs 150: Motilal Oswal Securities
The brokerage models a consolidated AUM CAGR of ~18% over FY23-25E with consolidated RoA/RoE of ~4.0%/18% over FY25E.
'ED's visit' nothing to do with Manappuram Finance, says its managing director
Kerala-based NBFC Manappuram Finance Ltd, whose assets worth Rs 143 crore were frozen by the Enforcement Directorate recently, has claimed that the "visit" of the agency was based on a "malafide FIR" pertaining to now defunct Manappuram Agro Farms. The ED had on May 4 said that it had frozen assets worth Rs 143 crore of Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation.
Manappuram Finance shares tumble over 14% after ED freezes promoter assets
VP Nandakumar, the promoter of Indian NBFC Manappuram Finance, has had his personal assets frozen after Enforcement Directorate (ED) raids as part of a money-laundering investigation. Shares in Manappuram fell almost 14%, driven by the asset freeze, including 19,29,01,996 equity shares in the company held by Nandakumar himself. He said the concerns had to do with a previous firm, Manappuram Agro Farms, which no longer exists.
ED freezes Rs 143-crore assets of Manappuram Finance MD & CEO in money laundering case
The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
Ahead of Market: 10 things that will decide stock action on Monday
Stocks plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since the throes of the pandemic, as the latest raft of corporate earnings and the prospect of rising rates spurred a wave of selling. The Dow fell 981.36 points, or 2.8%, to 33,811.40. The S&P 500 was 2.8% lower at 4,271.78, for its worst day since March.
Oracle Cloud Infrastructure logs 125% India market growth in H1 FY23
The firm has also seen many customers shut down their on-premise or physical data centres and move critical applications and workloads on OCI, as in the case of companies such as IFFCO and Manappuram Finance.
Better than PE; PEG ratio is better suited for long term investing
Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment. though finding the right ratio is itself a challenge.
These 6 midcap stocks with ‘Buy’ & ‘Strong Buy’ recommendations have upside scope of up to 25%
As Q3 earning season and macro numbers continue to make NIFTY stay in in a volatile mode, there are select midcaps which are witnessing an improvement in their scores. A software company from a large industrial house to white goods maker which has a big presence in the industrial cooling segment are the ones which have seen their rating moving up. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40%
The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Pressure on ROEs of gold loan cos an area of concern: ICICI Securities
In July, Investec Securities had downgraded its ratings on Muthoot and Manappuram to hold from buy, viewing them as value traps in the context of weak volume growth and increased competition, despite valuations being at near five-year lows. Muthoot shares rose 1% to close at ₹1,039 and Manappuram shares gained 2.3% to end at ₹101.45 on Tuesday.
22 of top 500 stocks need up to 200% rally to revisit 52-week highs!
Three stocks Brightcom Group, Tata Teleservices (Maharashtra) and Zomato require a 175-176 per cent rally to revisit their 52-week highs. While not many brokerages track the first two stocks, a host of brokerages have turned positive on Zomato. The stock has also been in a recovery mode, having risen some 15 per cent in the last one month.
Buy Manappuram Finance, target price Rs 166: Nirmal Bang Institutional Equities
Manappuram Finance (Manappuram) reported yet another weak quarter, with net profit declining by 42.4% YoY on account of subdued growth in gold loan AUM and 19.6% YoY decline in NII.
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