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UBS initiates buy on L&T Finance, price target Rs 165
The company will be a major beneficiary of the current liquidity crisis in construction finance in the long term, according to UBS.
L&T Finance Holdings slips 7% post Q3 results
It had reported a net profit of Rs 580.96 crore in the same period last year.
Share market update: PSU shares trade lower; PFC falls 7%
The Nifty PSE index was trading 0.03 per cent up at 3234.15 .
Share market update: Nifty Financial Services index down; PFC slumps 6%
The Nifty Financial Services index was trading 0.46 per cent down at 14,494.10.
AUM does not reduce much when gold prices come down: George Alexander, Muthoot Finance
Gold loan business continues to be one of the best lending businesses because there are no NPAs there. AUM is always growing and there is always liquidity in the market. Our focus will continue to be on the core gold loan business. In the next 3-5 years, share of non gold business may grow to 15-20% from 10% at present.
Share market update: 66 stocks hit 52-week highs on NSE
Overall, 19 shares were trading in green in Nifty50 index, while 31 were trading in the red.
Analyst Calls: Ramco Cements, L&T Finance, HCL Tech, TCS
UBS has initiated coverage of L&T Finance with a buy rating and set a price target of Rs 165.
Stock market update: 22 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty was trading 8.65 points up at 12364.15.
There's no free lunch, can't promise to grow 20% in sectors with negative growth: Dinanath Dubhashi, L&T Finance
We do not think there will be further margin expansion. This also includes some income from assets which comes once in a while. It is not a one-time extraordinary income, it just does not repeat every quarter. We have always guided this to be around 6.7-7%. We should have no problem keeping it this level which is more sustainable.
Share market update: PSU shares trade lower; GAIL falls 3%
The Nifty PSE index was trading 0.7 per cent down at 3225.8.
Stocks in the news: RIL, Bharti Airtel, TCS, YES Bank, Vodafone Idea and HCL Tech
Sources told PTI that no AGR demand notice was served either on GAIL or PowerGrid.
Sundaram Finance to sell entire 10% stake in Equifax Credit lnformation
Both the companies have executed an agreement to this effect.
Share market update: NBFC stocks mixed; Reliance Capital slips 5%
The NSE Nifty50 index was trading 14.40 points up at 12,357.70.
Market Movers: MSTC jumps, BSE m-cap tops Rs 160L crore, 50 stocks flash ‘buy’
NSE flagship Nifty gained 12.95 points to close at 12,356.
Share market update: PSU shares trade lower; HPCL slips 2%
The Nifty PSE index was trading 0.69 per cent down at 3252.80.
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