Microfinance sector faces continued pain, likely to bottom out by FY-25: Kaitav Shah
RBI did highlight pain points in a lot of different products within the retail category. Once these get worked about, you will see some consolidation taking place this year in terms of loan growth across the board.
YES Bank’s Q3 advances grow 12.6% to Rs 2.45 lakh crore, deposits up 14.6%
Yes Bank has announced that its loans and advances have grown by 12.6% year-on-year (YoY), reaching Rs 2,45,035 crore as of December 31, 2024, up from Rs 2,17,523 crore in the same period last year
MOIL shares rally 6% after strong Q3 update; sales rise 13% YoY
Shares of state-run MOIL have surged by 6% in today’s trading session, reaching a peak of Rs 359.35 on the BSE. This boost follows the company’s announcement on Friday that it has achieved its best-ever performance for both Q3 and the first nine months of the fiscal year, ending December 31, 2024.
Technichem Organics IPO allotment likely today: Check status, GMP, listing date and other details
The Technichem Organics IPO share allotment will be finalized soon, with investors able to check their status via BSE or the registrar’s website. Shares are expected to list on January 7, trading at a 27% premium in the grey market. The IPO received a strong subscription of 425 times.
Positive Breakout: These 3 Nifty stocks cross above their 200 DMAs
In the Nifty50 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 2, according to stockedge.com’s technical scan data.
Indo Farm Equipment IPO: Check allotment status, GMP, listing date and other details
Indo Farm Equipment IPO share allotment is expected to be finalized soon. Investors can check their allotment status on BSE or registrar’s website. Indo Farm Equipment received huge IPO subscriptions, with shares anticipated to list on January 7. The company plans to use IPO funds for repayment of borrowings, NBFC investment and general corporate purposes.
Asian stocks flat as Wall Street falls a fifth day
Shares in Australia and South Korea edged higher, as did US equity futures, after the S&P 500 and Nasdaq 100 both fell on Thursday. Equity trading in Japan is closed for a holiday.
Local indices hit Bull’s Aye! 2% bounce best in 6 weeks
Both gauges, which logged their steepest daily upsides since November 22, have gained 2.3% in the first two trading sessions of 2025. In December, the two tumbled 2.6% each.
Credit growth set to fall, provisions costs to rise, says ICRA
ICRA has lowered its credit growth estimate for Indian banks to 10.5%-11% for the fiscal year ending March 2025, citing reduced exposure to unsecured retail and NBFC sectors. Persistently high CD ratios and changes in liquidity coverage are expected to further reduce growth in FY2026.
Strong sales, bright outlook ignite a rally in auto stocks
Auto shares have been under pressure in the October-December period as worries about falling demand for vehicle sales prompted investors to cut their bets on the sector. The auto index fell almost 17% in this period.