COF Financial News

22.07 / 04:26

Target CEO Gap Opinion COF recommendations Hot stocks: Brokerage view on Kotak Mahindra Bank, HDFC Bank and PVR Inox

Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

06.06 / 06:47

COST Target Election trends Universities COF NBFC stocks: Valuations turn attractive, says Emkay Global; likes Bajaj Finance, Shriram Finance, L&T Finance

Also Read: PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation“We expect the AUM growth trend to continue in FY25, registering 16-27% for most players, though we expect some impact of elections on overall disbursement in segments like Commercial Vehicles (CV) and CE leading to a softer Q1FY25. However, a good monsoon and increased infra spend by the government would result in strong rural & urban demand across segments like Vehicle, MSME, and Mortgage," Singh said in a note.However, margins remained under pressure for most NBFC on account of repricing of lower-rate borrowings.

17.04 / 14:15

Provident Digital COF stage track Relationships RBI to restrain payment aggregators from saving debit, credit card data from Aug 2025

The Reserve Bank of India (RBI) is apparently getting strict with payment aggregators (physical) with introduction of new draft regulations, which stipulate that the non-banking entities which fail to apply for authorisation and are unable to maintain the net worth of ₹15 crore at the time of applying will have to close their business down by July 31, 2025.

19.03 / 06:51

COST Provident Target Booking COF AU Small Finance Bank merger with Fincare SFB to be effective from April 1; Should you buy, sell or hold the stock?

AU Small Finance Bank, in October last year, announced the merger scheme with Fincare Small Finance Bank Ltd, which the Reserve Bank of India (RBI) approved earlier this month. The merger will take effect on April 1 and all branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank from that date.

29.01 / 04:53

COST Target Trade COF reports Updates SBI Card share price plunges over 5% as Q3 result misses estimates; should you buy, sell or hold the stock?

₹715.05 apiece on the BSE. SBI Cards and Payment Services Ltd, the State Bank of India-backed credit card services provider reported an 8% growth in its net profit to ₹549 crore in the third quarter of FY24, from ₹509 crore in the same period a year ago. The company’s total income in Q3FY24 rose 30% year-on-year (YoY) to ₹4,742 crore from ₹3,656 crore in Q3 of last fiscal year.

04.01 / 08:11

COST Pool WhatsApp COF reports Commentary Q3 result preview: NBFCs likely to see healthy profit growth of 27% YoY amid moderating margins

Motilal Oswal Financial Services, robust credit demand is likely to lead to healthy asset under management (AUM) growth for NBFCs in the October-December 2023 quarter. Overall, the brokerage estimates a loan growth of around 20% YoY and 5% QoQ in Q3FY24 for NBFCs. Also Read: Q3 result preview: Building material companies expected to post strong volume growth with margin improvement The extent of NIM recovery envisaged earlier in Vehicle Finance (VF) has not happened as yet because of the sustained rise in cost of funds (CoF), which might now peak by March/June 2024.

20.09 / 07:41

COST UPS Target Digital COF MICRO Bajaj Finance, Shriram Finance, Fusion Micro Finance among NBFC stocks to buy for up to 30% upside

HDFC Ltd). Categorised as Upper Layer by the Reserve Bank of India (RBI) large NBFCs are now subject to bank-like regulations for capital, liquidity, governance and operational requirements. Also, lenders are building multi-dimensional underwriting models by embedding credit score, predictive bureau insights and customer’s alternative data from other sources facilitated by government digital public infrastructure According to IIFL Securities, these new segments are large, enabling large NBFCs to grow faster even at scale of 23% FY23-26 AUM Cagr versus 16% 10 year Cagr.

14.08 / 20:45

Waves SEC Occidental Lennar COF show Warren Buffett's Berkshire Hathaway buys 3 homebuilders in Q2

Warren Buffett's Berkshire Hathaway (NYSE:BRKa) made a few interesting moves in the second quarter, according to the firm's 13F with the SEC after the close of trading Monday. The most interesting trade was adding new positions in three homebuilders.

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