NSE India VIX jumped 6.74% to 15.08.
Stock market update: Nifty Pharma index falls 0.51% (07-10-2024)
The Nifty Pharma index closed 0.51 per cent down at 22977.8.
Bajaj Finance, Persistent Systems among 5 stocks with short covering (07-10-2024)
Short covering occurs when traders buy back previously sold shares, often due to changing market sentiment. On Monday, five stocks experienced short covering, leading to increased prices and decreased open interest.
Stock market update: Nifty IT index advances 0.66% (07-10-2024)
The Nifty IT index closed 0.66 per cent up at 42190.6.
Shakti Pumps board announces 5:1 bonus share issue (07-10-2024)
Shakti Pumps announced a 5:1 bonus share issue. The record date for determining eligibility is October 7, 2024. The bonus shares will be issued subject to shareholder approval through a postal ballot process.
Gensol Engineering – A play on Energy Transition (Solar Energy & EV) (07-10-2024)
Typically Q4 is where the company gets almost 40-60% of their Revenue. And according to the calculation I did (based on their orders) they can achieve this 2000 crores Revenue.
I feel they will achieve this 2000 crores target based on the order they have
Even though I have invested in this company (1%), still I don’t get the confidence in the promoters as I feel they aren’t able to deliver what they have promised (EV Vehicle) on time (2022). Also, I feel recently there is no new announcement of orders which is What worrying me the most as their competitors are getting some order every month
SBFC Finance – a stable lender? (07-10-2024)
Hello,
I am new to this website and am writing to start a discussion on SBFC Finance.
Started by bankers who have worked across many private sector banks (Kotak, HDFC etc.) the company seems to be tapping into a need in India – Finance to manage cash flows/ start a business. (Ticket size for loans: 7-20Lakhs)
This seems very stable as the loan is to facilitate business cash flows and backed by the lendees home as a collateral.
Moreover, the company has a wide spread distribution network and is currently focussing on sweating the current assets to increase loans/ center. (could possibly lead to increased RoE over the next few years).
In comparison to Five start business, SBFC is targeting slightly higher ticket size of loans. (Possibly more stable and secure target market).
There seems to be a long runway for this company considering that in India : rural, semi-urban areas have self-employed business, self-employed agriculture as a great proportion of the sources of income. Moreover, consistent NPAs (low) are also promising (Loans are backed by the lendees home as collateral; Wife/husband is a co-signee).
My question is regarding the very volatile nature of this stock in the last couple of months. Any ideas as to what are others seeing which we may be missing? Why are bulls and bears having a n intense go at this one?
Thank you
Market plunge continues as geopolitical tensions and FII sell-off weigh heavy (07-10-2024)
The BSE Sensex tumbled 638.45 points or 0.78 per cent to close at 81,050, while the Nifty 50 plunged 218.85 points or 0.87 per cent to end at 24,795.75
MTNL hits the floor after SBI declares term loan account as NPA (07-10-2024)
Mahanagar Telephone Nigam (MTNL) was locked in an lower circuit of 5% to Rs 52.14 after the State Bank of India (SBI) downgraded the company’s term loan account to a non-performing asset (NPA) due to non-payment of dues.