Near-term uncertainties may keep the stock rangebound
Net Sales are expected to decrease by 4.1 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 1,251.2 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to decrease by 7.8 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 761.7 crore, according to Kotak.
The weakness may be a perfect time to accumulate the stock for the long term
Net Interest Income (NII) is expected to increase by 6.7 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 1,142.7 crore, according to Kotak.
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
On the stocks front, Seth said that he would buy IndusInd Bank at current levels because of the strong management
Sustainability of asset growth can’t be taken for granted. The steep hike in funding cost would impact interest margin as the entire hike may not be passed on to end-customers.
Utility vehicle and tractor manufacturer Mahindra & Mahindra on Tuesday reported a 67 percent growth in net profit at Rs 1,257 crore for the quarter ended June, ahead of analyst estimates
Mahindra & Mahindra Financial Services posted a good set of Q2 results. In an interview to CNBC-TV18, Ramesh Iyer, VC & MD of Mahindra & Mahindra Financial Services spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Ramesh Iyer, VC & MD of Mahindra & Mahindra Financial Services spoke about the results and his outlook for the company.
Non-banking financial companies (NBFC) earnings are in focus today, Indiabulls Housing saw a steady show in Q4 and the street now awaits numbers from LIC Housing Finance and M&M Finance. In an interview to CNBC-TV18, Nidhesh Jain, Analyst-Financials at Investec shared his views and readings for the NBFC sector.
Collection efficiency, which will be the key factor to monitor, is expected to show a positive trend.
Accelerated growth will come from car and pre-owned vehicle segments, says Ramesh Iyer, Vice-Chairman and Managing Director, M&M Financial Services.
Speaking to CNBC-TV18, Ramesh Iyer, VC and MD of M&M Financial said that going forward the company's growth will come from the car segment and the retention of market share will remain as priority.
In an interview to CNBC-TV18, Ramesh Iyer, Vice Chairman & MD, M&M Financial Services spoke about the results and his outlook for the company.
Mahindra & Mahindra Financial Services' profit during July-September quarter may increase 7.1 percent year-on-year to Rs 156.6 crore on lower provisioning, according to consensus estimates.
Net Interest Income is expected to increase by 20.8 percent Q-o-Q (up 6.5 percent Y-o-Y) to Rs 815.7 crore, according to Centrum.
The company reported a subdued quarter with 2.25 percent fall in its net profit to Rs 87 crore and reduced its provisions to 30.5 percent to Rs 224.5 crore in Q1. Asset quality quarter-on-quarter deteriorated to 36.9 percent at Rs 4,414.7 crore.
Mahindra and Mahindra Financial Services disappointed the Street with its FY17 first quarter numbers. Profits fell 2 percent to Rs 87 crore in April-June quarter compared with Rs 89 crore in year-ago period, impacted by lower net interest income.
Key things to watch out for would be asset quality (which is expected to be weak), asset under management (AUM) growth and credit cost.
Sales are expected to increase by 4.1 percent Q-o-Q (up 12.1 percent Y-o-Y) to Rs 10578.9 crore, according to Motilal Oswal
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke about the fundamentals of stocks and sectors like cement, sugar, Reliance Industries and quarterly earnings of IndiaBulls Real Estate, M&M Financials.
The company has identified high-pressure states and created separate customer buckets to improve its stressed asset situation, says Ramesh Iyer, MD, M&M Financial Services.