Aavas Financiers Limited, incorporated in Jaipur, Rajasthan, is a leading housing finance company that specializes in providing affordable home loans and loan against property (LAP) solutions. Established in 2011 and formally commencing operations in March 2012, Aavas has rapidly grown into a trusted name in the financial sector. With its conversion to a public limited … Read more
Tata Steel, a significant player in the UK’s steel industry, is grappling with challenges at its Port Talbot plant. The company’s Chief Executive, T V Narendran, indicated that additional investments in the plant could be considered if more government funding becomes available. The backdrop includes a £500 million government package aimed at supporting the financially … Read more
Tata Motors has been commanding attention in the stock market, experiencing a staggering 37% surge since November. This surge reached new heights as the stock briefly claimed the title of India’s most valuable automobile company, surpassing Maruti Suzuki in market capitalization. However, as Tata Motors shares trimmed gains, Maruti Suzuki swiftly reclaimed its position. Stock … Read more
Punjab National Bank (PNB) has been making headlines with an impressive stock performance, marking its fourth consecutive session of gains and hitting a remarkable 52-week high. The surge is attributed to the bank’s robust Q3FY24 results and its strategic fundraising plan. However, despite these positive developments, brokerage firm Elara Securities has maintained a ‘sell’ call … Read more
Tata Investment Corporation (TIC) has emerged as a shining star in the stock market, witnessing an extraordinary surge of 129.21% in the last six months and an astounding 172.37% in the last year. This spectacular growth has nearly tripled the investment for shareholders, making TIC a standout performer in the market. Record-Breaking Stock Performance The … Read more
The initial public offering (IPO) of Megatherm Induction, a prominent small- and medium-sized enterprise (SME) in the manufacturing sector, has garnered significant attention from investors. As the public issue enters its final day of subscription on January 31, let’s delve into the key details and the overwhelming response it has received so far. Company Overview: … Read more
Dhanlaxmi Bank’s stock continues its remarkable ascent, gaining 5% in intraday trade and reaching ₹53.75 apiece, the highest level since August 2014. Over the last 10 trading sessions, the stock has shown an impressive return of 69%. Explore the reasons behind this surge and the key highlights from the bank’s Q3FY24 business update. Stock Performance: … Read more
SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more
In a significant development for HDFC Bank, the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to increase its stake in the bank. This move has already impacted HDFC Bank’s share prices positively, with a 2% gain after the announcement. LIC, holding a 5.19% stake at the end … Read more