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[hfe_template id='11223'] [ad_1] Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels - making it the highest ever fundraising in a single fiscal year. While market sentiment remained uneven through parts of the year, companies rushed to seize favourable windows, leading to record equity mobilisation of Rs 3.71 lakh crore - nearly double that of the previous year. The surge was powered by blockbuster IPOs, a revival in Qualified Institutional Placements (QIPs), and robust participation in private debt placements. Mainboard IPOs alone raised Rs 1.62 lakh crore. Here’s a look at the data compiled by PRIME Database: Equity fundraising doubles as IPOs roar back Total equity mobilisat...

[hfe_template id='11223'] [ad_1] Global brokerage firm CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields. The brokerage firm has also set a target price of Rs 525 for both REC and PFC, adjusting from their previous targets of Rs 590 and Rs 540, respectively. CLSA emphasized that asset quality concerns remain minimal, given that lenders are maintaining tight control over project approvals and agreements during the ongoing capex cycle. Despite concerns over process-related slowdowns and sanction delays, CLSA remains optimistic about the mid-teen loan growth outlook over FY26-27 for both companies. REC: High perform| Target price: Rs 525 CLSA highlighted that REC's loan growth over the past 5-7 quarters has been strong, ranging between 15%-21%. The note pointed out that while there have b...

[hfe_template id='11223'] [ad_1] Shares of power financiers PFC and REC surged up to 4.5% in an early trade on the BSE today, January 14, after domestic brokerage firm ICICI Securities initiated coverage on the stocks, issuing "Buy" ratings for both with a target price of Rs 550 for PFC and Rs 600 for REC. Following this, PFC shares rallied 4.4% to their day’s high of Rs 406.40, while the shares of REC surged by 3.65% to an intraday high of Rs 462.65 on the BSE. The report highlights a substantial Rs 43 lakh crore pipeline for power generation and transmission projects as a key growth driver for these financiers. This pipeline represents significant lending opportunities for PFC and REC. ICICI Securities, in its note also identified energy transition funding as a crucial catalyst for growth in the sector. As India moves towards renewable energy sources, the need for financing in this area is expected to increase, which is likely to benefit these companies. Both...

[hfe_template id='11223'] [ad_1] Shares of PSU power financiers REC Ltd and PFC rallied 2.8% on Friday after domestic brokerage firm Emkay Global initiated coverage on the two stocks saying that the controlled upcycle in power capex and lending is here to stay, and both players provide the optimal path to ride it. PFC shares rallied 2.8% to Rs 472.40 on BSE while REC share price also rose 2.8% to Rs 533.55 on the stock exchange. "We initiate coverage on PFC and REC with BUY and Dec-25E TP of Rs 600 and Rs 650 (31% and 25% upside, respectively), valuing REC at FY26E P/BV of 1.9x, and PFC at FY26E standalone P/BV of 1.5x and 25% holding company discount on its REC stake," Emkay said in a report. Citing sustained double-digit loan growth and stable margins, it said improving asset quality supports robust earnings visibility for companies in the sector. "Despite offering consistent dividend payouts and maintaining strong return ratios, we believe sector player...

[hfe_template id='11223'] [ad_1] Nifty ended Friday with weekly declines of 2.7%, falling in all five sessions during the week. When markets resume trading on Monday, a host of important domestic and global events lined up for the week are likely to impact them. On Friday, Nifty closed at 24,180.80, lower by 218.60 points or 0.9%. Commenting on the current trends, Rajesh Bhosale, Equity Technical Analyst at Angel One, stated that it was a challenging week for investors and traders, as the markets experienced a broad-based sell-off throughout, with Nifty dipping below 24,200 after two weeks of consolidation. October has been particularly tough, with the benchmark down more than 6% so far, he added. "While the daily chart may not fully capture the depth of this move, the weekly and monthly charts have shown significant distortion, suggesting potential further price corrections, followed by a possible period of time-wise correction," Bhosale said, adding that it w...

[hfe_template id='11223'] [ad_1] Shares of IndusInd Bank are expected to remain in focus on Monday as the lender reported net advances at Rs 3,56,980 crore as on September 30, 2024, reporting a 13% year-on-year jump versus Rs 3,15,454 crore in the year ago period. On a sequential basis, it was up by 3% as against Rs 3,47,898 crore posted by the lended in Q1FY25. The deposits grew 15% YoY to Rs 4,12,704 crore as on September 30, 2024 versus Rs 3,59,786 crore in the year ago period. On the quarter-on-quarter basis, the growth was recorded at 4%. The information was shared by IndusInd Bank to the exchanges as part of its Q2FY25 updates. The detailed earnings will be announced later. The CASA for the reporting quarter stood at 35.9% versus 39.4% in Q2FY24 and 36.7% in Q1FY25. Shares of IndusInd Bank today ended flat at Rs 1,388 on the NSE, though the bias was slightly positive. The private lender had reported a consolidated profit after tax (PAT) of Rs 2,171 crore for the qu...

[hfe_template id='11223'] [ad_1] Traders have built bearish derivative bets on state-owned power sector lenders Power Finance Corp (PFC) and REC promoted by the reversal in the recent bullish momentum in these stocks. On Monday, Power Finance Corp dropped 3.7% to ₹525 and REC declined 2.6% to ₹592. In last five days, the stocks fell around 5% each while the benchmark Nifty shed 1.3% during the same period. Analysts see these stocks falling further as investors are shifting money from recent favourites like PSUs and power stocks to the so-called defensive sectors. "In the last one and a half years, the PSU theme has played out very well, but is now witnessing profit booking," said Hemang Jani, director, Finazenn, an investment advisory. Traders have been quick to pounce on the weakness in these stocks, creating bearish positions in their September futures contracts. "PFC and REC have witnessed addition in open interest with price correction which indicates ...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 217.43 04:04 PM | 12 Jul 2024 11.46(5.56%) One97 Communications Share Price 465.95 04:04 PM | 12 Jul 2024 -14.31(-2.98%) YES Bank Share Price 25.6 03:59 PM | 12 Jul 2024 -0.23(-0.9%) ITC Share Price 459.05 04:04 PM | 12 Jul 2024 0.41(0.09%) HDFC Bank Share Price 1622.7 04:04 PM | 12 Jul 2024 0.8(0.05%) Tata Motors Share Price 1016.75 04:04 PM | 12 Jul 2024 -4.05(-0.4%) Zomato Share Price 222.47 04:04 PM | 12 Jul 2024 5.34(2.46%) Adani Enterprises Share Price 3065.45 03:59 PM | 12 Jul 2024 -12.86(-0.42%) Infosys Share Price 1711.75 04:04 PM | 12 Jul 2024 59.05(3.58%) Reliance Industries Share Price 3193.45 04:04 PM | 12 Jul 2024 32.15(1.02%) Adani Power Share Price 709.95 03:59 PM | 12 Jul 2024 -10.75(-1.5%) Vedanta Share Price 449.7 03:59 PM | 12 Jul 2024 2.0(0.45%) Indian Renewable Energy Development Agency Share Price 284.26 03:59 PM | 12 Jul 2024 0.57(0.21%) NHPC Share Price 113.02 04:04 P...

[hfe_template id='11223'] [ad_1] As many as 20 companies have fixed their record dates this week to determine the eligible shareholders for the payout of their dividends. Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc. Dividends are paid to shareholders whose names appear in the company's database on the record date. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends. Here is a list of stocks that are trading on an ex-dividend basis this week: June 25 Voltas: Voltas declared a dividend of Rs 5.50 per share and the ex-date for the purpose is June 25. Tata Elxsi: The ex-d...

[hfe_template id='11223'] [ad_1] Questioning whether Prime Minister Narendra Modi can operate effectively in a coalition government in his third term, Chris Wood of global brokerage firm Jefferies has shaved weightage of PSU stocks in his long-only India portfolio. The weightings in ICICI Bank, State Bank of India (SBI), REC and Coal India will be reduced by one percentage point each, while an investment in PolicyBazaar will be introduced with a 4% weighting, Wood wrote in his GREED & fear newsletter. As for the Asia ex-Japan long-only portfolio, the investment in JSW Energy will be increased by one percentage point by shaving the investment in SBI. Wood said there will be a temptation for investors to tilt portfolio more towards consumption plays, relative to investment plays, on the view that the new government will focus more on populist measures whereas a feature of the past 10 years has been a fiscal deficit driven by spending on physical infrastructure rather t...

[hfe_template id='11223'] [ad_1] Shriram Finance, REC, IRCTC were among five stocks that witnessed a buildup of fresh long positions on Thursday. The buildup of fresh long positions can be seen when the stock prices move up and open interest on the counter also moves upward. The signal is considered more reliable if the volume on the counter has also seen an increase. Open interest indicates that bulls are likely to dominate the following counters. REC's stock price jumped 7.16%, and open interest saw a rise of 0.38%. Hindustan Aeronautics surged by 6.23%, and open interest saw an increase of 4.24%. IRCTC rose 5.86%, and the open interest saw an increase of 0.25%.PFC stock rose 5.77%, and the open interest saw an increase of 0.58%.Shriram Finance's stock price gained 4.77%, and open interest saw an increase of 3.05%. Also Read: Exide Industries, BHEL among 5 stocks with long buildup Some additional checks would help traders in taking better trading decisions as t...

[hfe_template id='11223'] [ad_1] Apr 29, 2024, 01:22:27 PM IST The Government of Singapore (GoS) is a big FII player in Indian stocks. In their recent March quarter's shareholding report, they revealed their ownership in 60 BSE-listed companies, totaling about Rs 2,50,118 crore as of April 26, 2024. The disclosed list includes companies where the GoS has over a 1% ownership, but it might only cover some of their investments. According to ETMarkets analysis, their portfolio of 14 stocks experienced remarkable growth, with share price returns more than doubling in the past year. Furthermore, most of these stocks have given double-digit returns during the same period. We have highlighted the top seven stocks that have surged over 150% in the past year. (Data Source: ACE Equity) Shutterstock.com 2 / 8 Kalyan Jewellers India 1-Year Performance: 313% | CMP: Rs 419 ETMarkets.com 1-Year Performance: 265% | CMP: Rs 457 ETMarkets.com 1-Year Performance: 223% | CMP: Rs 188 ETMa...