Month: August 2021

Muthoot Finance reports 14% rise in Q1 consolidated net

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The loan assets under management fell by Rs 145 crore q-o-q as the company decided to go slow on non-gold business.

NBFC Muthoot Finance on Friday reported a 14% year-on-year (y-o-y) increase in its first quarter consolidated net profit to Rs 979 crore, largely due to good performance of the gold loan division. Consolidated loan assets under management increased 25% y-o-y to Rs 58,135 crore against Rs 46,501 crore in the year-ago period.

The company, which also operates a home loan, microfinance and insurance broking subsidiaries, said the net profit of the gold loan division increased 16% y-o-y to Rs 971 crore, and the share in the consolidated profit increased to 99%.

On a sequential basis, the total income of the gold loan division decreased by 4% to Rs 2,715 crore and the net profit declined by 3% quarter-on-quarter from Rs 996 crore reported in Q4 FY21. The loan assets under management fell by Rs 145 crore q-o-q as the company decided to go slow on non-gold business.

George Alexander Muthoot, MD, said: “We consciously decided to go slow in terms of non-gold lending business on account of continued uncertainty and emerging uncertain credit behaviour. We are redrawing our strategies in terms of non-gold lending business and we are confident to emerge stronger as environment improves. On the gold loan front, we are targeting 15% growth in the remaining three quarters.”

Loan assets of the gold loan division for the quarter stood at Rs 52,614 crore, compared to Rs 41,296 crore in the year-ago period, growing 27%.

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2 Shares To Buy For Short Term For Gains Up To 32% By ICICI Securities

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Buy Cipla With Upside Potential Of 32.23% For A Target Period of 12 Months

The brokerage firm ICICI Securities holds a bullish view on the stock of global pharma major Cipla. The firm has set a price target of Rs. 1205 on the scrip, implying an upside of 32.23% from the current market price of Rs. 911.30 in a short term of 12 months.

The company reported spectacular Q1FY22 results with sales inching higher by 26.6% YoY to Rs. 5504 crore. EBITDA also registered growth during the same period and was at Rs. 1345.9 crore, up 28% YoY with margins at 24%.

The brokerage firm in its report said, “We maintain BUY as we continue to focus on its core strength of following a calibrated approach of focusing more on branded products and core therapies across the world”. “We value Cipla at Rs. 1205 i.e. 28x P/E on FY23E EPS + Rs. 41 NPV for gRevlimid.

As per ICICI Securities, some of the triggers that will aid Cipla’s stock price upmove include the firm’s strategy of focusing on 4 verticals namely One-India, South Africa & EMs, US generics & specialty and lung leadership. Furthermore, the company is putting its focus on front end model for the US especially, and is gradually making a shift from loss-making HIV and other tenders to more profitable respiratory and other opportunities in the US and EU.

Cipla
Current market price Rs. 911.3
Target price Rs. 1205
Upside potential 32.23%

Alternate stock idea: Besides Cipla, in healthcare coverage ICICI Securities is bullish on Sun Pharma. “Higher contribution from specialty and strong domestic franchise is likely to change the product mix towards more remunerative businesses by FY23”.

Buy Tata Communications With Upside Potential Of 16.37% Over A 12-Month Period

Buy Tata Communications With Upside Potential Of 16.37% Over A 12-Month Period

The brokerage firm ICICI Securities has placed a ‘Buy’ call on the stock of global digital ecosystem enabler Tata Communications with a target price of Rs. 1725, implying an upside of 16.37% from the scrip’s last traded price of Rs. 1482.35.

ICICI Securities is of the view that the telecommunications company’s growth shall be aided by platforms such as a) cloud, edge, security, b) next generation connectivity, c) NetFoundry d) MOVE, IoT, wherein each have robust market size growth potential of 15-25% CAGR in next four to five years. “We expect approximately 8% revenue CAGR in FY21-23E in the overall data segment, driven by likely acceleration in growth from H2FY22 onwards. Strong cash flows generation to aid deleveraging”, added the brokerage.

Current market price of Tata Communications Rs. 1482.35
Target price Rs. 1725
Upside potential 16.37%

Alternate Stock Idea: In the telecom vertical, apart from Tata Communications, ICICI Securities likes the scrip of Bharti Airtel and recommends buying it for a target price of Rs. 720 as against the current price of Rs. 607.9, which means an upside potential of over 18%. “A play on favourable industry structure – a good enough kicker for eventual hike in tariff as well as superior digital play in the medium to long term”, said the brokerage report.

Disclaimer:

Disclaimer:

Stock market investment is risky and one should be even more careful when markets are near record high. Investments listed out in the story are taken from brokerage report and are just for informational purpose. These should not be construed as investment advice.

GoodReturns.in



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Reserve Bank of India – Annual Report

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Annual Report

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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