NBFC Stocks

The rise in the Manba Finance counter came after the company announced that it has achieved the highest ever asset under management (AUM) of Rs 1,200 crore till date.

The shares of Ugro Capital rose ahead of the company's scheduled board meet on September 24 to consider fund raising.

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

In a stock exchange filing, Religare said both resolutions have 'failed to pass with requisite majority as per Section 114(2) of the Act'

Analysts believe that the amalgamation scheme would offer key positives to Aditya Birla Capital, which includes simplified operations and elimination of Holdco discount.

Analysts said investors fear that the surveillance will likely spread throughout the industry, and more might be the targets of the regulator's ire

Meanwhile, Adani Power, IRFC, Jio Financial Services, PFC and REC have got included in the Nifty Next 50 index

Shares of Jio Financial hit a record high of Rs 325 in intra-day deals on Friday backed by near two-fold jump in trading volumes on the BSE.

The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.

The stock hit a record high of Rs 1,239.80, surging 7 per cent in the past two trading days

Post listing, the stock hit a high of Rs 89.50, a gain of 57 per cent when compared with the issue price of Rs 57 per share.

Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts

Mahindra Finance is benefitting from the healthy sectoral tailwinds and its parent Mahindra & Mahindra's strong recovery in auto volumes.

The 1,960 crore initial public offering (IPO) of Five-Star Business Finance opened for subscription on Wednesday, November 9 and will close on Friday, November 11

Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year

Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.

Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules.

Three independent directors of the NBFC have resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.

With the ongoing 3-day correction, the stock of NBFC has now corrected 14 per cent from its record high level of Rs 8,020 touched on October 10, 2021

Capex loan sanctions still in negative territory