Stock Performance

Short-term market moves can reflect uncertainty whenever a company announces significant new strategies : Kalyan Jewelers

Kalyan Jewelers reported a strong Q1 performance, beating market expectations on revenue growth and operational metrics. However, the stock closed to 10 percent fall on Friday.

CSB Bank: Gold glitter for this south-based bank | Stock of The Day

CSB Bank is a small sized bank with business concentrated in Kerala (~35% branches) with remaining spread mainly across Tamil Nadu, Andhra, Karnataka, and Maharashtra. CSB Bank has staged a good comeback post capital infusion and change in the ownership with Fairfax becoming single largest shareholder in 2018. Backed by the strong parentage of Farifax group, more than adequate capital, relatively better asset quality and growth in gold loan portfolio, CSB bank delivered return on asset (ROA) around 1.8% and return on equity (ROE) of 17% in FY24.CSB bank has articulated its long-term vision as per which by FY 2030, bank’s loan portfolio will be well diversified with 20% in gold loans, 30% retail, 20% SME and 30% wholesale and other businesses. The bank plans to maintain over 45% of its advances in gold loan product over the near-to-medium term, and hence, most of benefits of gold loans will continue.

Mas Financial stands out as a conservative lender Caption Mas under the weather | stock of the day

Mas Financial is a lender to the bottom of the pyramid although its book is largely secured and exposure to microfinance is minimal and that too through well-capitalised NBFC partners. Company has decided to slowdown growth to protect its asset quality.#stockoftheday

Yes Bank shares trade 4% down on poor Q4 numbers

The Yes bank stock has lost 27.94 percent of its value since the start of this year. Thus, significantly underperforming the benchmark Nifty Bank index which has mostly remained flat since the start of this year and has lost 1.94 percent of its value.