Latest Stock Market News

“The board has approved the transfer of stressed loan portfolio including written-off loans of Rs 323.08 crore outstanding as on September 30, 2022, to an asset reconstruction company pursuant to Swiss Challenge Method for a consideration of Rs 95 crore,” Spandana Sphoorty said in a BSE filing.

He is survived by his wife, Rekha Jhunjhunwala, and three children. Rekha has been an investor in several RJ companies, and the Jhunjhunwala portfolio value includes the value of Rekha’s holdings as well.

The stock quoted a 52-week high price of Rs 7377.6 and a 52-week low of Rs 4299.8.

Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 28250.13 Crore).

A strong rebound in demand for automobiles, the government’s production linked incentive scheme to boost local manufacturing across several industries, including automobile and defence, and a shift in global sourcing from China and Europe turned in favour of the company.

On the technical charts, the RSI of the stock stood at 39.37.

A total of 382,291 shares changed hands on the counter till 12:09PM (IST).

Incorporated in 2017, KFin Technologies is a leading technology-driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.

"In the power financial space, there is REC, PFC and they deserve a look because a lot of capex is happening in this category and there also the books have been cleaned. They are in a much better position to lend. REC, PFC can be looked at if we are playing the power story."

For more such web stories click on the ET icon below