Multiple 'buy' calls were issued as analysts expressed confidence on the company's steady performance, attractive valuations, and positive guidance for FY25
Bajaj Finance plans to reinvest margin gains into new business lines, which currently contribute 2-3 percent of Assets Under Management
Shriram Finance is in the most convincing operating period in over a decade, thanks to strategic clarity and healthy metrics, say HSBC analysts
The optimism on the stock is due impressive back-to-back quarterly performance, attractive valuations, historically low bad loans, and a positive growth outlook
Margin contraction seen in the June-ended quarter was attributed primarily to higher funding costs as well as AUM composition, said Bajaj Finance
According to Moneycontrol's analyst call tracker in May, 36 brokerages gave 'buy' recommendations for this NBFC, making it the Street's top choice.
The company said that its gross NPA achieved a significant milestone below 1 percent and net NPA below 0.5 percent as of May 31, 2024
Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers
Last month, M&M Finance deffered its Q4 results announcement from April 25, 2024 after it detected Rs 150-crore fraud at one of its branches in North East
Analysts believe that the early resolution of RBI's restrictions in less than 6 months comes as a positive surprise and endorses the management's ability to course-correct quickly when needed
Mahindra and Mahindra Financial Services reported a robust performance for the financial year ending March 31, 2024, showcasing growth in disbursements and business assets
Slowdown in unsecured loans, increased competition from banks, rising cost of funds and high valuations are some of the problems facing the NBFC sector, said analysts
Bajaj Finance’s growth may be hit amid Reserve Bank of India’s increased risk weight on consumer credit exposure and suspension of eCOM and Insta EMI Card, analysts say
Analysts warn that NBFCs will see a higher impact on growth and profitability versus other financial institutions as they have seen sharpest increase in exposure to unsecured retail lending
Bajaj Finance's profit will be driven by strong net interest income growth and stable asset quality, said analysts