Buy Shriram Transport Finance, target price Rs 792: Emkay Global
Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 17201.86 Crore) operating in NBFC sector.
Trending stocks: Bajaj Finance shares down nearly 1%
A total of 1,486,901 shares changed hands on the counter till 10:37AM (IST).
Top shadow lender Shriram City turns cautious, cuts loans to its most prized customers by 99%
Shadow lenders in India supply last-mile credit...
Buy Ashok Leyland, target price Rs 89: Emkay Global
Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 18141.56 Crore) operating in Auto sector.
Trending stocks: HDFC shares flat in early trade
Shares of Housing Development Finance Corporation Ltd. traded 0.16 per cent up in trade at 10:03AM on Friday.
View: India’s central bank payout no succor for government finances
Last year the RBI’s board approved a record payment of 1.76 trillion rupees ($23.5 billion) to the government, which included 1.23 trillion rupees as dividend and 526.4 billion rupees from its surplus capital. This year, New Delhi has budgeted for a 600 billion-rupee transfer, but local media has speculated authorities are expecting more.
Stocks in the news: Voda Idea, Tata Steel, Hero MotoCorp, BPCL & Tata Motors
Here are a few stocks that may buzz during the day:
IDFC First, IDFC reverse merger plan back on table
Under banking guidelines, a Non-operative Financial Holding Company (NoFHC) is required to house a bank and other financial services units of a promoter. IDFC will argue that it doesn’t have any other significant businesses apart from the bank.
ICAI ties up with Poonawalla Finance to offer special loans for Chartered Accountants
The unique term loan, tailor-made scheme for the Chartered Accountant professionals, offers an attractive interest rate, zero prepayment charges, 100% online digital processing and gives the option to take over their existing loans with higher interest rates.
DB likely bought Rs 7,000 crore DHFL bonds at 70-80% discount
Industry sources said that on Wednesday alone, the European bank bought about Rs 3,550 crore of debt in two large transactions, with the Yes Bank group reportedly the seller. This series of bonds is due to mature in June next year.
GAIL Q1 takeaways: DoT recalls AGR dues; no long term impact of Covid on its finances
The government has reversed its decision to charge AGR on telecommunication licenses held by the company, removing a big overhang on its balance sheet.
IndoStar Capital Finance board okays Rs 10,000 crore fund raise plan through bonds
The decision was taken at the company's board of directors meet on August 12 to declare and approve quarterly results for quarter ended June 2020, the non-banking finance company said in a regulatory filing.
Gehlaut steps down as chief of Indiabulls Housing Finance
Gehlaut, who set up the company in January 2000 and led it through many ups and downs to become the third-largest home finance company in the country, will continue on the board as a non-independent, non-executive member. This is part of the group’s move to institutionalise IBHFL from being a promoter-driven organisation.
Shriram Transport Finance Company Ltd. shares gain 1.05% as Sensex falls
A total of 85,505 shares changed hands on the counter till 11:57AM (IST)
Share price of LIC Housing Finance Ltd. rises as Nifty strengthens
A total of 25,513 shares changed hands on the counter till 10:56AM (IST).