At multi-year highs: Escorts among 4 stocks that saw 5-year swing high breakout
Fundamental Radar: IndusInd Bank set to grow faster than industry; Sharekhan explains why
A strong growth outlook from a well-diversified loan book with a rising share of retail loans along with healthy capital ratios gives strong visibility, according to brokerage Sharekhan.
Golden Crossovers: Zydus Wellness among 3 stocks signaling further bullishness
September likely to witness a flood of locked-in shares
Ending of the lock-in period does not necessarily mean investors who received shares in the pre-IPO sale will offload their entire holdings. But, whether pre-IPO investors are selling or holding on will be of interest for traders as large blocks of selling tend to weigh down share prices in the near-term.
Gift Nifty logs highest single-day turnover
“Trading turnover on NSE IX has been growing exponentially since commencement of a full-scale operation of Gift Nifty on July 3, 2023,” the index manager said.
Citic to examine finances of Zhongrong Trust
Citic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan underscores growing concern among policymakers about the $2.9 trillion trust sector’s impact on financial stability amid disappointing economic growth and a worsening property slump.
Unsecured loans to corner a huge slice of bank provisions
Credit costs for unsecured loans could make up between 60% to 70% of the total provisions for large private sector banks in fiscal 2025 after a strong 26% growth in this segment the last five years. Unsecured loans contribute about 6% of overall system (incl. NBFCs), and contribute 11% for the banking system up from […]
Country Garden warns of a possible default
Country Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations, “which may result in default,” according to a filing Wednesday. The developer also cited “material uncertainties” that may cast “significant doubt on the group’s ability to continue as a going concern.” –
China banks to cut interest rates in stimulus bid
The big state-owned lenders are working on reducing rates on the majority of the nation’s 38.6 trillion yuan ($5.3 trillion) of outstanding mortgages, according to people familiar with the matter. The reductions will only affect loans on first homes, two of the people said.