SHRIRAM FINANCE SUPER APP
Rise of Telegram-friendly chain spurs talk of crypto super app
The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.
Adani joins Tata and Ambani in race for elusive India superapp
Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Flipkart launches beta version of its new fintech venture, Super.Money
Ecommerce major Flipkart launched a beta version of their financial app, Super .Money, on the Google Play Store. This app aims to be a one-stop shop for digital financial needs, offering features like payments, credit, and deposits.
ONDC is bulking up financial services play with consumer-facing apps
Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
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A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
BJP manifesto 2024: Super app, bullet train and other key promises that formed party's vision for Indian Railways
The Bharatiya Janata Party (BJP) unveiled its manifesto for the upcoming Lok Sabha polls, focusing on development and infrastructure. Prime Minister Narendra Modi emphasized the need for a stable government, highlighting commitments for the poor, youth, farmers, and women. Key promises include expanding the railway network, increasing passenger capacity, and improving station infrastructure. The manifesto also pledges to launch new age trains, Vande Sleeper trains, and a user-friendly Super App for train-related services.
New home for Shriram Housing Finance: Private equity funds close in on deal
Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of Shriram Housing Finance Ltd, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.
Amid Paytm crisis, Indian NBFCs explore options for loan disbursal
Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts with Paytm, they are reportedly seeking alternatives due to uncertainty about when lending services might resume through the Paytm app.
Mahindra Finance eyes super-app boost, ropes in IBM
The app aims to be a digital enabler for customers -- both metro and non-metro -- helping them with 24x7 access to products and solutions in a "secure, streamlined, and simple manner", a company statement said.
Safety with reasonable growth premium? 4 largecap and 1 midcap stocks with right PEG ratios
It makes sense to pay more for a stock whose earnings grow at a faster rate. That is the reason why when a sector gets discovered first as a fast growing sector we see a sudden rush of money in that sector. If it is midcap stocks then it deserves to be paid more. Now, how much more should be paid is the question. One of the ways is to determine by dividing a company’s PE multiple with its growth ratio.
Index Rejig: $245 million inflows likely if Shriram Finance gets Nifty 50 entry pass
Shriram Finance's entry into the 50-stock index is expected to result in inflows of $245 million, according to Nuvama Alternative and Quantitative Research. Meanwhile, the exit of UPL will drive outflows of $107 million, the brokerage said.
Shriram Finance superapp to go live in January
Currently in beta stage, the app called ‘Shriram One’ will go live next month and is set to be launched formally in the next two-three months.
F&O stocks: Shriram Finance, Hindustan Aeronautics among 5 stocks with short buildup
Some additional checks would help traders in taking better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price.
Shriram Finance may enter Nifty; Canara Bank could replace Bandhan in Nifty Bank
Shriram Finance, which has a market cap of Rs 75,215.33 crore, has surged nearly 50% over the last 12 months as against the 23% drop seen in UPL share price during this period. In the meantime, the returns by Nifty have been 13%
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.
Hot Stocks: Brokerages view on Ashok Leyland, Eicher Motors, Zomato and Shriram Finance
CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238. The CV industry outlook for FY24 is looking strong.
Zee Entertainment Enterprises, Shriram Finance, 5 more stocks cross 50-day SMA
Exceeding the 50-day SMA is often seen as a bullish signal, suggesting potential short- to medium-term growth. On November 1, several midcap stocks displayed an encouraging sign as they surged above their 50-day SMA, hinting at possible bullish momentum.
Breakout Stocks: How should investors trade Shriram Finance, Canara Bank and RIL on Monday?
Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks.
Canara Bank, Shriram Finance among 9 stocks that hit 52-week highs on Friday
In a day marked by diverse market movements, several major stocks reached new 52-week highs on October 27, demonstrating their resilience and growth potential.
Nifty Financial Services index stocks: Will they lead the correction once again?
For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space.
Shriram Finance shares jump 9% post Q2 earnings. Should you buy?
Shriram Finance's net profit increased 13% year-on-year to Rs 1,751 crore in the quarter ended September driven by strong demand for vehicle loans.
Hot Stocks: Brokerages view on Colgate, Shriram Finance, Asian Paints, and ACC
Jefferies maintained a buy rating on Colgate Palmolive India and raised the target to Rs 2320 from Rs 2180 earlier.
Four stocks with a right PEG ratio for long-term wealth creation
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. PEG ratio is much better compared to the commonly used P/E ratio. It helps in avoiding stocks which might appear cheap but actually are not value buys. Especially in sectors like banking and metal where the operating matrix is very different from the manufacturing sector.
Nifty Financial Services index stocks: Will they decline sharply as US bond yields inch up and go into risk-off mode?
Whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services stocks which include banks, both private and public sector and other heavyweights which essentially are part of the financial services. The reason, high ownership of foreign portfolio investors ( FPIs) in the majority of financial services and banking stocks. Given the fact that yields on US bonds have reached closer to 5 percent mark and there are clear fears looming on the street, about an increase in global cost of capital.
Elon Musk dreams of a Swiss army knife of apps. Is he taking a stab in the dark?
Musk's rebranding of Twitter to its product name, "X", may have caused the company to lose anywhere between $4 billion and $20 billion in value, according to brand experts and analysts. Musk's ambitious goal to turn Twitter into an "everything app" or super app has caused concern due to the firm's history of controversies and poor record of data privacy.
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