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The lender had in October filed for a nearly Rs 1,000 crore IPO which was to include Rs 800 crore of primary issuance and also a Rs 200 crore offer-for-sale from existing investors. However, the same has lapsed as it was to be done within a year.

“In terms of corporate bonds, the challenge for mutual funds is we do not have enough issuers. NPF is a different segment but when you say corporate bonds, people also like to have manufacturing corporate AAA corporates as a part of their portfolio and that is quite visible if you see banking credit also. Corporate credit is not really growing that much and the same is reflecting on the bond side.”

Brokerage Motilal Oswal Securities expect Titan to report a 15% on-year growth on the jewellery segment, and a robust 20% growth in watches and wearables

While describing buying the dips as a prudent strategy, the brokerage said, "According to the past two decade’s seasonality, buying in September-October has been rewarding on 16 out of 22 occasions, as Q4 calendar year returns have been positive to the tune of average 11% However, such a move has been non-linear."

“If we are talking about shorter term, PSU banks still have potential. PSU banks have come out with 13-14% kind of growth last quarter and the management were still saying that they may grow at that level. I see some potential in stocks like Canara Bank and Indian Bank which are still trading at a discount to their book value. In the private sector, IndusInd Bank still trades at a good discount to the other private sector banks. ”

The company has consistently delivered revenue and business growth every year and continued distributions to shareholders in the form of dividends and buybacks every year since its listing 5 years ago, SIS group managing director Rituraj Sinha said.

The Fed delivered its fourth straight 75 basis point rate hike on Wednesday, with Chair Jerome Powell flagging that future hikes may come in smaller increments, and said the "ultimate level" of the benchmark policy rate would likely be higher than previously estimated.

The last few weeks have seen major state-run lenders, including Punjab National Bank, Union Bank of India and Indian Bank raising funds this way, while private banks IDFC First Bank, Federal Bank and IndusInd Bank also turned frequent borrowers, traders said.

In the previous fiscal year, the company declared an interim dividend of 87.3% or Rs 8.73 per share. It translates into a dividend yield of 1.15% at the current price of Rs 759.

Global brokerage firm BofA maintained a buy rating on M&M Finance with a target price of Rs 245. The net interest income (NII), and PPOP were a miss in Q2, but the net profit managed to beat estimates.