IOC cancels bond issue for better pricing amid market liquidity
Indian Oil Corporation (IOC) has withdrawn its bond issue despite strong investor interest, anticipating better pricing due to increased liquidity from the RBI’s recent policy rate cut and CRR reduction. The issue, which received bids of ₹9,830 crore, was pulled as IOC seeks a narrower spread over government bond yields, following a similar move by […]
Sustained capacity addition, PPA tie ups improve revenue visibility for Acme Solar
Acme Solar stock: Acme Solar gained 18% in a month after reporting strong Q4 results, improved power generation, and a 55% rise in output. The firm expanded capacity to 2,806 MW and raised fresh equity via IPO, with analysts forecasting strong growth till FY28.
Paint companies face profitability challenges amidst high competition
Investor concerns persist for paint companies due to intense competition and weak demand, impacting profitability. Despite recent share underperformance, valuations remain high, leading to analyst caution. The entry of new players like Aditya Birla Group intensifies the fight for market share, further pressuring margins and potentially causing incumbent stock prices to struggle.
Microfinance sector sees equity, borrowing and loan book shrink in FY25
NBFC-MFIs saw their equity shrink 1.8% and debt funding drop 36% in FY25 amid tightened lending by banks and investors. Loan portfolios also contracted nearly 14% as lenders slowed disbursements due to asset quality concerns.
Hot Stocks: 3 stocks that may give returns between 16-22%
Analysts predict significant growth for select stocks. Bansal Wire Industries is projected to surge 22% due to its expanding steel wire plant. Tata Communications anticipates a 16.6% rise driven by data revenue and strategic asset monetization. Home First Finance expects an 18.4% increase, positioned favorably in the affordable housing finance sector.