This is putting pressure on the stock prices of various companies. On Wednesday, Kotak Institutional Equities suggested that Aptus would have been a good fit for Chola in many ways. It suggested that while Aptus brings in a high-yield housing/MSME lending business, near-term profitability would have been marginally diluted for Chola due to Aptus’ current lower capitalisation levels.

Housing finance companies should fix aggregate contract limits for each of the approved brokers. A limit of 5% of total transactions entered into by a housing finance company during a year should be treated as the aggregate upper contract limit for each of the approved brokers. This limit should cover both, the business initiated by a housing finance company and the business offered / brought to the housing finance company by a broker.

Speculative bullish positions in the derivatives segment are building up in both banking and NBFC stocks even as worries remain over the fate of interest payments and recoveries of advances. In IT, TCS among largecaps and the L&T twins – both L&T Technology and Infotech look quite attractive post this selloff. Among the home finance companies, HDFC Ltd is the top bet, followed by Can Fin Home among smaller caps. Canara Bank is trading off between growth and margins that is expected to bode well in the near term, said LKP Securities, which has a target of Rs 316 on the scrip. This is an exclusive story available for selected readers only.

U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.00%

It said the COVID-19-induced slowdown is likely to impact housing finance companies and pose several other challenges. Banks and non-banking financial institutions have been reluctant to provide loans to the real estate sector citing risks amidst the pandemic, while buyers have also remained financially stressed. The price-to-book ratio is a company’s current market price to its Book Value.

The stock price of Star housing finance has been increasing for almost seven years now. The past returns are no guarantee of future returns, but in the investment world, if the past returns are good, there is a good probability of high returns in the future as well. The company has a market capitalization of only ₹266 crores, and it is a small-cap company. With the fundraising in place, there is a good probability of high returns on the capital in the future because of the growth in the rural geographies as per the management of the company.

what are some examples of financing activities on.com – Stocks began the last month of 2019 with their second selloff in two sessions Monday as worries grew about U.S. trade fights with just about everyone and new reports…

Multibagger stock Star Housing Finance Company share price increased from ₹87 to ₹160 in six months this year

Investing.com – U.S. equities were mixed at the close on Wednesday, as gains in the Oil & Gas, Telecoms and Healthcare sectors propelled shares higher while losses in the Consumer Goods,… With the approval of their top managements, housing finance companies should prepare a panel of approved authorized brokers which should be reviewed annually, or more often if so warranted. Clear-cut criteria should be laid down for empanelment of brokers, including verification of their creditworthiness, market reputation, etc. A record of broker-wise details of deals put through and brokerage paid, should be maintained. The Board of Directors of every housing finance company granting/intending to grant demand/call loans shall frame a policy for the company and implement the same. Aptus Value Housing Finance is a retail focused housing finance company which is looking to raise about Rs 2,780 crore from the primary market.

Investing.com – U.S. equities were lower at the close on Friday, as losses in the Basic Materials, Technology and Healthcare sectors propelled shares lower. Investing.com – U.S. equities were mixed at the close on Thursday, as gains in the Oil & Gas, Telecoms and Consumer Goods sectors propelled shares higher while losses in the Financials,… Investing.com – U.S. equities were mixed at the close on Thursday, as gains in the Consumer Goods, Technology and Consumer Services sectors propelled shares higher while losses in the Oil &… Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Technology, Healthcare and Consumer Services sectors propelled shares lower.

• The HFC had on Monday raised Rs 834 crore from 21 anchor investors, allocating 2,36,26,500 shares at Rs 353 per share.
• Investing.com – U.S. equities were mixed at the close on Wednesday, as gains in the Oil & Gas, Telecoms and Healthcare sectors propelled shares higher while losses in the Consumer Goods,…
• Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization.
• The stock has been a multibagger in the past, with a return of 900% in the last 7 years.
• According to the report, the total market volume, including direct assignment transactions) for FY21-22 was around Rs 113,000 crore up from around Rs89,000 crore in FY20-21.
• Of all the stocks, which our algorithms come up with, we took companies from three sectors, speciality chemicals, specialty retail chain and an auto ancillary company which is focussed on EV space and has been able to get an early lead.

This improves the capital situation of the company, and the net worth has surged to ₹85 crores. The fundraising will help the company to increase its market share in rural geographies and will help the company to scale up its operations in the future. The current market capitalization of the company is ₹266 crores. A disproportionate part of the business should not be transacted through only one or a few brokers.

TJX earnings beat, Revenue misses in Q2

Home https://1investing.in/ portfolios of Axis Bank, SBI and others have been growing at a pretty fast rate. From that perspective, a lot of it is captured by the tier one banks. The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,… Net owned fund as per Tier-I capital of the company has been correctly worked out. Has not agreed to support any losses arising out of the securitisation transaction or to be suffered by the investors involved in it or agreed to bear recurring expenses of the transaction. All financial leases written on or after April 1, 2002 attract the provisioning requirements as applicable to hire purchase assets.

• This is an exclusive story available for selected readers only.
• Home loan portfolios of Axis Bank, SBI and others have been growing at a pretty fast rate.
• Considering the fact that liquidity is need of the hour, NHB’s proposal to ease CAR to 15% over the next 3 years is going to be supremely effective for revival of the real estate sector.
• It is a small cap HFC stock having a market capitalisation of Rs 1,213.38 crore.
• The companies in the list are covered by a minimum count of 3 analysts.
• Housing finance companies should ensure that the transactions entered into through individual brokers during a year normally do not exceed this limit.

As volatility continues to stay at elevated levels, the focus in the market is shifting to stocks which are considered as relatively better placed These stocks tend to fall less in bearish or volatile conditions. These companies have shown an improvement in their score at a time when analysts are revisiting their estimate in light of Q3 results and also the fact that inflation has been sticky globally and interest rates are still inching upward. Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from three sectors, speciality chemicals, specialty retail chain and an auto ancillary company which is focussed on EV space and has been able to get an early lead.

Star Housing Finance Ltd l Star Housing Finance Ltd Q1 Results l Star Housing Finance Ltd Q1FY23

But in this volatility, some stocks are performing better than others. This exceptional performance by the stock has generated interest amongst the investors. The stock has been a multibagger in the past, with a return of 900% in the last 7 years. It’s a small cap company with a market capitalization of only 266 crores. Acquire shares, convertible debentures of corporates and units of equity-oriented mutual funds, in excess of a ceiling of 5 per cent of the total outstanding advances as on March 31 of the previous year.

The stock has risen from ₹130 to ₹160 in the last month, registering a return of 22%. The stock price has increased from ₹95.5 to ₹160 in the last six months, which is a return of 65%. As far as the YTD return is concerned, this stock has increased from ₹87 to ₹160, which is a return of almost 85%. In the last year, the stock has increased from ₹93.5 to ₹160, which is a return of almost 70%. Central Banks globally have started hiking interest rates in response to the high inflation.

Such demand or call loans shall not be renewed unless the periodical review has shown satisfactory compliance with the terms of sanction. It gave 14.27% positive return in the past 1 year, 19.43% in 3 years and the highest 43.49% in 5 years, respectively. Cholamandalam Investment and Finance Company trades at 3.4 times book value and 17 times FY2025E earnings. Aptus, on the other hand, trades at a lower multiple of 2.8 times FY2025 book value.

ITC, Varun Beverages, UPL, Zomato, Max Financial, Escorts Kubota, Kansai Nerolac, The Ramco Cements, Carborundum Universal, Alkyl Amines, Castrol and PSB are among the companies that will announce their earnings for the quarter ended June 2022. According to Crisil, this market share trend is unlikely to change in the near term. The recent merger between pure-play home financier HDFC with HDFC Bank will only bolster the trend, the agency noted.

Investing.com – U.S. equities were higher at the close on Thursday, as gains in the Oil & Gas, Basic Materials and Financials sectors propelled shares higher. Investing.com – U.S. equities were lower at the close on Thursday, as losses in the Technology, Consumer Services and Consumer Goods sectors propelled shares lower. Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Oil & Gas, Financials and Consumer Services sectors propelled shares higher. Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Oil & Gas, Financials and Industrials sectors propelled shares lower. The investors are entitled to call up on the issuer – the trust/securitisation company to take steps for recovery in the event of default and distribute the net proceeds to the investors as per the terms of issue of receipt or other security.

The markets on Friday remained subdued and in negative territory, with the Nifty ending the day with a modest loss. No sector is showing any dominance in the markets, except for the auto sector which is indicating signs of improvement. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. Investing.com – Rising oil prices boosted energy stocks, and hopes yet again that a phase one trade deal will finally be struck between the United States and China lifted the rest of the… On the basis of the contract note disclosing the name of the counterparty, settlement of deals, viz.

Financials

On P/E basis, Aptus trades at 20 times FY2025 earnings, a premium in PER terms over Cholamandalam Investment. Stock market experts are of the opinion that United Breweries stocks are weak and advises sell while in HFC stocks, they advise buy call on HDFC while avoid in DHFL and Reliance Home Finance counters. 279 crore and it ended on Thursday with a trade volume of 1,97,483. 160 per share levels , appreciating to the tune of 900 per cent in these near 7 years time. 160, delivering 900 per cent return to its positional shareholders.

The auditors who audit the treasury operations should scrutinise the business done through brokers also and include it in their monthly report to the Chief Executive Officer of the housing finance company. Besides, the business put through any individual broker or brokers in excess of the limit, with the reasons therefor, should be covered in the half-yearly review to the Board of Directors. Each debt securitised is a loan advanced to an individual for the acquisition/construction of residential immovable property which has been mortgaged in favour of the originating housing finance company or scheduled commercial bank on exclusive basis. Every industry has different operating conditions which have high correlation with the kind of ROE companies in the industry generate. Of all the stocks, which our algorithms come up with, we took companies from, FMCG, software, financial services and speciality chemical. Investing.com – U.S. equities were mixed at the close on Monday, as gains in the Consumer Goods, Technology and Healthcare sectors propelled shares higher while losses in the Oil & Gas,…

Both fund settlement and delivery of security, should be directly between the parties and the broker should have no role to play in the process. Provided that with effect from March 31, 2005 , an asset, which has been classified as non-performing asset for a period not exceeding twelve months shall be a sub-standard asset. It has fallen 3.63% in 1 week, 15.55% in 1 month, and 20.76% in 3 months, respectively. It has fallen 32.37% in 3 years and 66.16% in 5 years, respectively. The stock’s 52 week high was recorded on 4 April 2022 at Rs 2,933.80 apiece and 52 week low on 17 June 2022 at Rs 2,026 apiece, respectively.

Affairs of the company, the stock exchanges will be kept advised, pursuant to Regulation 30 of the SEBI Regulations, 2015. “We would also like to inform you that there is no information /announcement which may have a bearing on the price / volume behaviour in the securities of the company,” Aptus Value said. Considering the fact that liquidity is need of the hour, NHB’s proposal to ease CAR to 15% over the next 3 years is going to be supremely effective for revival of the real estate sector. According to the report, the total market volume, including direct assignment transactions) for FY21-22 was around Rs 113,000 crore up from around Rs89,000 crore in FY20-21.

It is a small cap HFC stock having a market capitalisation of Rs 1,213.38 crore. It is a large-cap HFC stock having a market capitalisation of Rs 4,75,526 crore. IDBI Capital recommends buy the stock of HDFC with a target price of Rs 3,140 apiece for 21% potential gains. EHFL on Friday said it has partnered with the country’s largest lender SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers. Emkay Global Financial Services is bullish on HDFC with a 12-month price target of Rs 2,320, indicating an upside of over 12 per cent from the current market price of Rs 2,067.

The stocks have been picked from the brokerage report of IDBI Capital. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.

ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or “strong buy”. For the last one month, Nifty has been under pressure, whether it is due to rising interest rates or due to pressure on Adani stocks, volatility with bears on the driving seat has been the order of the day. In such times few stocks across different market caps have been able to keep their head above water, as they have been able rise marginally in a market where the majority of stocks have been coming under pressure. These large cap companies have shown an improvement in their SR score at a time when bears are ruling the street. All thanks to global developments, market breadth and all other market parameters have moved back into the correction zone. Shares of Aptus Value Housing Finance India Ltd plunged 5 per cent in Thursday’s trade after the housing finance company denied a media report that suggested financial services firm Cholamandalam was eyeing a majority stake in it.