Gold financing took the hot seat after the first wave of the pandemic with every lender flocking into this business given the large stock of gold holding lying idle in the Indian household, and easy access to liquidity for borrowers by pledging the same, to tide over the pandemic-led liquidity crunch. Since gold financing business will continue to deliver promises, which stock then is the right bet for investors? Watch this video to find out.
Ravishankar's portfolio includes online learning unicorns Byju's and Eruditus, lenders Five Star Business Finance, Mannapuram and Equitas home design firm Home Lane and cloud kitchen firm Rebel Foods
At 09.16 AM, the Sensex fell 26.64 points at 18981.46, and the Nifty slipped 4.75 points or 0.08% at 5741.20. The INR opened at 54.53.
Mannapuram's investors are a lucky lot. Not all of them. Only a select few that enjoy special rights! A long list of very special rights accorded to 5 investors including private equity funds who hold between them approximately 22% of Mannapuram.
In this report, proxy advisory firm IIAS has recommended shareholders vote against Manappuram‘s resolution to accord special rights to a select group of investors.
Market analyst SP Tulsian of sptulsian.com, in his analysis of the day's stocks on CNBC-TV18, explains with increased access to funds, infrastructure stocks have the most allure despite the heavy debt in the books of the larger companies.
The RBI has come up with norms to curb the formation of a bubble in the gold loan segment and prevent a repeat of the infamous MFI story, says Nirmal Bang's research report.
In his analysis of the day's market on CNBC-TV18, SP Tulsian of sptulsian.com gives his views on a few movers and shakers today.
Wipro | Kingfisher Airlines | Mannapuram Finance | Man Industries | Thomas Cook India | Sun Pharma | Asian Paints and Bank of Baroda are stocks, which are in the news today.
SP Tulsian of sptulsian.com spoke to CNBC-TV18 about some of the stock movers. Check out his opinion on GMR, Mannapuram, Adani and government’s move with regard to sugar exports.