SFL
Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
Large, mid and smallcap stocks that mutual funds bought and sold in May
Mutual funds bought stocks worth Rs 477 billion in the Indian secondary market in May. They added largecap stocks like HDFC Bank, Kotak Mahindra Bank, Infosys, and reduced stakes in Bajaj Finance and Hindustan Aeronautics.
Shriram Finance raises USD 468-mn multi-currency social loan
Shriram Finance Limited raised USD 468 million in multi-currency for business growth through a social loan structured by leading banks, marking the largest syndicated transaction by a private NBFC.
Buy RIL, sell Jio Financial: How mutual funds tweaked stock portfolios in April
For three consecutive months, MFs bought shares of Reliance Industries, HDFC Bank, Hindustan Unilever, Axis Bank and ONGC. During the same time they slashed holdings in ICICI Bank, State Bank of India, Bajaj Finance, Bajaj Auto, and Nestle India
Shriram Finance shares climb over 5% on sale of housing finance subsidiary
Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.
Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout
Largest Housing Finance M&A, the large buyout for the PE fund in India. Current management to stay at the helm. New brand name to be announced shortly.
- Go To Page 1
Shriram Finance to sell housing finance subsidiary to Warburg Pincus for Rs 4,630 crore
Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. Shriram Finance (SFL) holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus, the company filing said.
10 Best Sugar Free Chyawanprash in India
Chyawanprash is a great health supplement that can help build stamina and protect you from seasonal allergies, infections, common cough and cold with the assistance of added medicinal herbs, organic ingredients, and minerals. This article features a list of the 10 best sugar free chyawanprash in India that will improve your health without spiking blood sugar levels.
This NBFC offers 9.4% FD interest rate for these investors; check details
FD interest rates: Shriram Finance, the retail NBFC, has increased interest rates on fixed deposits by 0.05 to 0.20% for various maturity tenures. The revised fixed deposit rates are effective from April 9, 2024.
Divi's Laboratories, Sheela Foam among 10 stocks that crossed 100-day SMA
In the dynamic world of stock markets, identifying trends and key indicators can provide valuable insights for investors. On November 20, several major stocks demonstrated strong bullish momentum by surpassing their 100-day Simple Moving Average (SMA).
KSB, Endurance Technologies among 10 stocks with RSI trending up
On September 18, Monday, StockEdge identified 30 stocks trending up, a signal that investors often find valuable. ETMarkets has cherry-picked 10 of these stocks to explore their Relative Strength Index (RSI) trends and shed light on why RSI is a crucial tool for assessing stock movements.
Sleepwell parent to acquire Kurl-On and Furlenco for Rs 2,035 crore
Sheela Foam has signed a deal to acquire a 35% stake in online furniture retailer Furlenco furniture for Rs 300 crore. The acquisition of a 95% stake in Kurlon Enterprises values the latter at Rs 2,150 crore. The company plans to complete the buyout by November this year. The acquisition will see Sheela Foam having a pan-India presence and diversification in the customer base.
Momentum Pick: 47% returns in 1 year. Will Sundram Fasteners stock ride further in current form?
Sundram Fasteners stock has a year-on-year return of almost 47%, outperforming the Nifty50 index. Analysts suggest a possible upside for the stock of 10-22%, with a positive consensus view from most brokerages. Besides manufacturing components for various sectors, the company is trading at P/E and EV/EBITDA multiples of 26x and 16.9x, respectively based on FY25E. Technical analysts believe breakout patterns and strong support levels favor buying on declines while fundamental analysts project significant improvement in operating numbers aided by large EV orders in FY25E. Pricing pressures from automotive OEM customers and US/Europe recession risks form key risks for the company.
Ahead of Q4 results, Infosys, RIL, HDFC were top additions by mutual funds
Key additions to the portfolio included Gujarat Fluorochemicals, GAIL (India) and State Bank of India. Their major reductions were HDFCBank, Navin Fluoro International and Container Corporation.
Sundaram Fasteners receives General Motors Supplier of the Year Award
SFL's range of products includes key automotive components from fasteners to transmission shafts, pumps and assemblies, and radiator caps, among others. This accolade is a recognition to global suppliers that distinguish themselves by fulfilling GM's requirements, resulting in providing customers with innovative technologies of the highest quality.
Sebi bans 19 entities from securities mkt for fraudulent trading in Superior Finlease shares
Any person indulging in spreading misinformation or false and misleading information through the use of social media messaging applications like Telegram, Whatsapp etc., which are being used by millions of people can cause irreparable damage to the integrity of the securities market within a short span of time like a forest fire, thereby eroding the confidence of the investors in the securities market in a matter of no time," Sebi noted.
Sundram Fasteners bags $250 million deal from global auto maker
The Chennai-based company has been awarded a $250 million (Rs2043.25 crore) contract by a leading global automobile manufacturer for the supply of sub-assemblies for its electric vehicle (EV) platform, it said. The deal is one of the largest won by a supplier in India for this range of products for an EV platform, the company claimed.
Sebi penalises 8 entities for manipulating stock price of Mangalam Industrial Fin
Pursuant to the investigation, the regulator found Shah and Daga were the key persons responsible for devising the scheme that led to artificial volume creation in the scrip of MIFL through their manipulative, fraudulent and unfair trade practices.
Businessman lodges cheating case against Shilpa Shetty, Raj Kundra and others
The complainant alleged that in July 2014, Kaashif Khan, the director of SFL Fitness company, along with Shetty, Kundra and others asked him to invest Rs 1.51 crore into the enterprise to earn a profit.
Buy Sundram Fasteners, price target Rs 760: Anand Rathi
On profitability front, the company's operating margins have declined by 144 bps.
Arathi Krishna is new Sundaram Fasteners MD
Under her leadership, several new product lines were set up and stabilised leading to a robust growth and operating performance, the company said in a statement.
Swiss league ponders changes as Basel dominance endures
SOCCER-EUROPE-SWISS:Swiss league ponders changes as Basel dominance endures
INTERVIEW-Soccer-Swiss league ponders changes as Basel dominance endures
SOCCER-EUROPE/SWISS (INTERVIEW):INTERVIEW-Soccer-Swiss league ponders changes as Basel dominance endures
Top corporate honchos put their money in Super Fight League
The franchise owners will pay an annual fee of Rs 1.5 crore to SFL and can spend up to Rs 50 lakh on players.
Isro orbiter to scan India's air for pollutants
The nano-satellite will monitor suspended particles and aerosols that have made the air of Delhi, Ahmedabad and Lucknow among the most polluted in the world.
KFC challenges claims of presence of germs in its food
KFC today challenged claims that its products are unsafe for consumption due to the presence of harmful bacteria inside its food articles.
ESPN STAR Sports signs five-year broadcast deal with SFL
ESPN STAR Sports today announced a five-year broadcast deal with Super Fight League (SFL), Asia's leading Mixed Martial Arts property.
Partnering automation of global transaction banking: Arun Jain, Polaris
Domestic banks are increasingly working with mid-tier IT companies to put in place world class risk management softwares for themselves. ET Now talks to Arun Jain, Chairman & MD, Polaris about the new opportunities that are taking form for the company.
BNP to exit Sundaram MF, SFL to acquire BNP stake in AMC, Trustee co
French Bank BNP Paribas SA is exiting from the mutual fund venture of Sundaram Finance (SFL).
Load More
