[ad_1] Shares of gold financing company, Muthoot Finance fell as much as 6% on Friday, April 11, after the Reserve Bank of India published draft rules on lending against gold collateral on Wednesday, as promised by the RBI Governor Sanjay Malhotra during his monetary policy statement. Shares of its peers IIFL Finance fell 1%, while […]
Manappuram Finance shares surge over 11%, trade above Bain Capital open offer price – CNBC TV18
[ad_1] Shares of Manappuram Finance Ltd. have surged as much as 11% on Friday, March 21, thereby hitting a record high in the process. The stock is reacting to Bain Capital acquiring stake in the company. Most of the analysts having coverage on the stock, have raised their price targets on the gold loan financier. […]
Stocks to Watch on March 21: Manappuram Finance, Hindalco, Bajaj Finance, TVS Motor and more – CNBC TV18
[ad_1] 1 / 10 Manappuram Finance | The company announced a preferential allotment of equity shares and warrants worth ₹4,385 crore to Bain Capital, marking a significant investment by the global private equity firm. The board of Manappuram Finance approved the issuance of 9.29 crore equity shares at ₹236 per share to BC Asia Investments […]
Trade Setup for March 21: What’s next for Nifty after a 600-point rally in four sessions? – CNBC TV18
[ad_1] Following the Federal Open Market Committee (FOMC) outcome overnight, the Nifty opened with a gap-up, crossing the 23,000 mark. Despite some initial hesitation, the market maintained strong upward momentum on the weekly expiry day, Thursday. Bulls continue to dominate as the market gained for the fourth consecutive session. This was also the longest winning […]
Manappuram Finance board meets today to consider fund raising; stock out of F&O ban – CNBC TV18
[ad_1] Shares of Manappuram Finance Ltd., a non-bank lender specialising in gold loans, will be in focus on Thursday ahead of its board meeting to consider a fundraise. It must be noted that the stock is out of the F&O ban, allowing investors to create new positions. In an exchange filing, the company said that […]
Hindalco, Nazara Tech, ITI, United Breweries and more — Earnings reactions to watch out for today – CNBC TV18
[ad_1] SUMMARY Q3 | Hindalco reported a 74.6% increase in its standalone net profit at ₹1,463 crore, while Deepak Nitrite reported a 51.5% decline in its net profit at ₹98 crore. ITI’s revenue from operations increased 299.73%, Nazara Tech reported a 53.6% decline in net profit, Manappuram Finance’s NII witnessed a 13.7% growth and United […]
Stocks to Watch on February 14: Hindalco, Bank of Baroda, Manappuram Finance, Religare Enterprises and more – CNBC TV18
[ad_1] 1 / 16 Manappuram Finance | The company posted a net profit of ₹453.4 crore in Q3FY25, reflecting a 5.8% increase from ₹428.6 crore in the corresponding period last year. The company’s net interest income (NII) saw a healthier growth of 13.7% YoY, reaching ₹1,160.9 crore compared to ₹1,021.2 crore in Q3FY24. The rise […]
Manappuram Finance shares in focus after RBI relief to Asirvad Micro Finance, but there is a catch – CNBC TV18
[ad_1] Shares of Manappuram Finance Ltd., the gold loan financing company will be in focus on Thursday, January 9, after the company’s unit Asirvad Micro Finance was granted relief by the Reserve Bank of India on Wednesday. Company Value Change %Change India’s central bank lifted sanctions on the disbursals of loans on Asirvad that were […]
RBI imposes ₹20-lakh penalty on Manappuram Finance for KYC non-compliance – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) on Friday (December 20) said it has imposed a monetary penalty of ₹20 lakh on Manappuram Finance Ltd for non-compliance with the provisions of the Reserve Bank of India (Know Your Customer (KYC)) Direction, 2016. Company Value Change %Change “The Reserve Bank of India (RBI) has, by an […]
Manappuram Finance Q2 net profit up 2% to ₹572 crore on strong NII, declares dividend – CNBC TV18
[ad_1] Gold loan financier Manappuram Finance Ltd on Tuesday (November 5) reported a 2% year-on-year (YoY) rise in net profit at ₹572.1 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Manappuram Finance posted a net profit of ₹560.6 crore, the company said in a […]