Mahindra & Mahindra Financial Services expects a 1% year-on-year decline in overall disbursement to approximately Rs 13,160 crore for Q2FY25. Their H1FY25 disbursement is projected to grow by 2% YoY to Rs 25,900 crore. The company reported strong liquidity and projected growth in business assets, despite recent share performance being below Nifty.
Posts in category Economic Times
Stock to watch: DMart shares in focus today as Q2 revenue rises 14% (04-10-2024)
DMart’s shares are under the spotlight after reporting 14% revenue growth to Rs 14,050 crore in Q2 and adding 6 new stores. The company aims for 45 new stores in FY25 and has a medium-term goal of 45-60 stores annually. Sustainability initiatives are reducing power costs, with land purchases indicating accelerated store expansions.
Forge Auto International shares to list today. What to expect? (04-10-2024)
Forge Auto International debuts on the NSE SME platform today. The company’s shares have a grey market premium of Rs 15. The stock is expected to see a 14% gain, assuming the upper price band of Rs 108. The IPO funds will be used for working capital, repayment of borrowings, and general corporate purposes.
Nexxus Petro Industries shares to list today. GMP signals flat to negative debut (04-10-2024)
Nexxus Petro Industries will debut on the NSE SME platform with shares trading at Rs 0 GMP in the unlisted market. Engaged in trading and manufacturing bitumen, the company serves the infrastructure sector. It reported Rs 28.83 crore revenue and Rs 3.48 crore profit in FY24.
Sahasra Electronics GMP hints at strong listing on NSE SME platform today (04-10-2024)
Sahasra Electronics is set to debut on the NSE SME platform, with shares trading at a GMP of Rs 172. The Rs 186 crore SME IPO was highly subscribed at 122 times. Proceeds will fund capital expenditures and working capital. The company serves global markets and reported robust financials for FY24.
Stock to watch: Reliance Power shares in focus after board approves Rs 4,200 crore fundraise plan (04-10-2024)
Reliance Power Share Price: Reliance Power’s board approves raising $500 million through 10-year, unsecured FCCBs with affiliates of Värde Investment Partners. The funds will aid business expansion, investments, and debt reduction. Additionally, an ESOS scheme for employees is set up, leading to a 5% stock surge on Thursday.
Diffusion Engineers shares to list today. GMP hints at robust gains (04-10-2024)
Diffusion Engineers shares will debut on the exchanges on Friday. The company’s shares were trading with a GMP of Rs 58 in the unlisted market. The IPO had a strong response with nearly 115 times subscription. Proceeds will be used for expansion and other purposes. Revenue and net profit saw significant growth in financial year 2024.
F&O Ban List: Bandhan Bank, Manappuram Finance among 6 stocks under trade ban on Friday (04-10-2024)
Six stocks, including Bandhan Bank and RBL Bank, are under F&O trade ban on Friday. This ban occurs when open interest exceeds 95% of the market-wide position limits. The open interest levels for these stocks vary, with some decreasing and others increasing recently. Indian benchmark indices also faced a significant fall on Thursday.