Latest Stock Market News

Home First Finance Company India Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 7530.35 Crore) operating in NBFC sector.

Dinesh Kumar Khara of SBI plans to maintain deposit rates and improve advances yield. SBI sees credit availment rise due to capacity utilization. Khara evaluates RBI guidelines, aims to sustain NIMs, ROA, and ROE.

The stock traded at a P/E multiple of 35.69, while the price-to-book value ratio stood at 6.39.

The Nifty Auto index closed 0.78 per cent up at 22633.3.

Promoters held 23.41 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 53.9 per cent and 10.8 per cent, respectively.

Nitya Shah recommends water treatment and semiconductors for earnings growth triggers. He suggests a high equity allocation for long-term investment, considering emerging trends and reasonable valuations. Also, discusses the importance of investing based on individual risk profiles and financial goals.

Care Ratings on Friday reported a 35 per cent jump in its standalone net profit at Rs 34.8 crore in the fourth quarter ended March 31, 2024. The domestic rating agency had a profit after tax of Rs 25.9 crore in the January-March quarter of the 2022-23 fiscal.

Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 278 per share.

The company is targeting to raise approximately Rs 40 crore through the SME IPO and intends to list the shares on the NSE SME platform. Here are 10 essential points investors should familiarize themselves with before considering subscribing to the public offer.