Stocks to Watch, 06 October: Stocks like HDFC Bank, Bajaj Finance, IndusInd Bank, Aditya Birla Lifestyle Brands, Lupin, Infosys, Ceigall India, Sobha, Kotak Mahindra Bank, Pace Digitek, Yes Bank, Ujjivan Small Finance Bank, and Canara Bank will be in focus on October 06.
Stocks to Watch, 25 July: Stocks like Sun Pharma, eClerx Services, Indian Energy Exchange, Anant Raj, REC, Aether Industries, Larsen & Toubro, Torrent Power, Enviro Infra Engineers, GR Infraprojects, and Adani Enterprises will be in focus on July 25.
Stocks to Watch, 4 July: Stocks like Bajaj Finance, Suryoday Small Finance Bank, Bank of Baroda, RBL Bank, AWL Agri Business, Marico, Emcure Pharmaceuticals, Piramal Pharma, Sterling Powergensys, Godavari Biorefineries, Indian Energy Exchange, InterGlobe Aviation, Force Motors, and FSN E-Commerce Ventures Nykaa will be in focus on July 4.
Stocks to watch, 27 June: Stocks like Hitachi Energy India, Mahindra Lifespace Developers,Premier Energies, Western Carriers India, Embassy Developments, Power Mech Projects, UltraTech Cement, Satin Creditcare Network, Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, and Mayasheel Ventures will be in focus on June 27.
Stocks to Watch, 5 June: Aditya Birla Fashion and Retail, Manappuram Finance, Jindal Saw, Rallis India, Yes Bank, NTPC Green Energy, Diamond Power Infrastructure, Newgen Software Technologies, Indosolar, Gland Pharma, and Hindustan Aeronautics will be in focus on June 5.
Growth guidance intact, but core portfolio stress needs to be watched
Stocks to Watch, Mar 18: Stocks like Raymond Lifestyle, Aditya Birla Real Estate, Samvardhana Motherson International, NBCC (India), Coffee Day Enterprises, Triveni Engineering & Industries, Morepen Laboratories, Life Insurance Corporation of India, Suryoday Small Finance Bank, Religare Enterprises, and Gopal Snacks will be in focus on March 18.
Stocks to Watch, Jan 24: Stocks like Adani Green Energy, KFin Technologies, Mphasis, Mankind Pharma, Suryoday Small Finance Bank, Tejas Networks, Capri Global Capital, Ujjivan Small Finance Bank, Hindustan Petroleum Corporation, Nippon Life India Asset Management, Indian Energy Exchange, and Spandana Sphoorty Financial will be in focus on January 24.
The bank’s net interest income (NII) grew by 30.5 per cent to Rs 293 crore in the first quarter of current financial year
Suryoday SFB loans and advances increased by 42 percent YoY to Rs 9,037 crore in Q1FY25
Given the huge demand-supply gap, SFBs offer multi-fold growth opportunities
Le Travenues Technology, Tata Steel, Vedanta, Marico, Yatharth Hospital & Trauma Care Services, and Krishna Ventures will also be in focus on Thursday.
Short term trend of Nifty turned bearish as it is placed below its 5, 11 and 20 DMA (day moving average)
Higher loan growth, but core portfolio stress needs to be watched as far as both Utkarsh and Suryoday are concerned
The RBI's move will allow further flexibility to SFBs to hedge their interest rate risk and enhance their resilience.
The bank now offers an interest rate between 9.01 to 9.25 percent on deposits maturing after 25 months.
Return on asset stable, but core assets remain stressed
Portfolio diversification, lower credit cost and operating leverage remain key drivers to ROA
On unsecured business, MD and CEO Baskar Babu Ramachandran said that the bank is following a very cautious approach and it is funding only to stable businesses.
Suryoday Small Finance Bank stock has given a return of 75.82 percent over the last six months.
Suryoday Small Finance Bank on May 15, 2023 posted a net profit of Rs 39 crore for the March quarter of 2022-23 as bad loans fell. The bank had posted a net loss of Rs 48 crore for the same quarter a year ago. Total income during Q4 FY23 rose to Rs 363 crore from Rs 257 crore in the same quarter of the previous year, Suryoday Small Finance Bank said in a regulatory filing.
The lender's asset quality improved, with gross non-performing assets (NPAs) significantly falling to 3.13 per cent of gross advances as of March 31, 2023, from 11.8 per cent a year ago.
The bank's gross advances stood at Rs 5,064 crore as of June 30, 2022, marking a year-on-year surge of 28 percent.
“We want to deepen our relationship not only through microfinance loans but also through other asset classes like two-wheeler loans which we will be introducing next fiscal," Baskar Babu said.