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On the weekly timeframe prices were in a strong uptrend from May 2020, Post September 2021 prices witnessed a pause in the trend. Prices are currently trading at its all-time high level which indicates that prices are in a strong momentum.

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Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 8946.39 Crore) operating in NBFC sector.

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During the quarter, loan assets stood at Rs 56,689 crore as compared to Rs 52,614 crore in the same quarter last year, a growth of 8 per cent year-on-year. For April to June period, loan assets declined by Rs 1,364 crore, down 2 per cent.

Cryptoverse: Electric ether leaps on verge of Merge

Updated at : 2022-08-16 13:30:02

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"Crypto is still very tightly coupled, I think when the Merge successfully completes it could drive up the price of bitcoin as well," said Alex Miller, CEO of Hiro, which builds developer tools to create applications for bitcoin.

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The decision, which was taken at a board meeting of the company today, would require the approval of shareholders. The company intends to complete the exercise and issue the bonus shares within two months from the date of board approval i.e. by October 15, 2022.

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We believe that some of the measures are expected to increase the competition but nevertheless given the low penetration, we expect all players to see strong growth led by the other enabling measures initiated by the regulator.

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Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2022.

SRF shares gain 2.83% as Sensex rises

Updated at : 2022-08-16 11:40:01

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The stock quoted a 52-week high of Rs 2773.0 and a 52-week low of Rs 1750.81.

“We are keen on opening this week with eyes set on 18200, but would remain watchful though on approach to 17835, the congestion point discussed on Friday,” Anand James - Chief Market Strategist at Geojit Financial Services, said.

CLSA maintained the underperform rating on Muthoot Finance with a target price of Rs 1200 which translates into a marginal upside of over 1 per cent from Rs 1187 recorded on 12 August. Gold loan book contracted while discontinued teaser loans to benefit yields from the next quarter, the brokerage said. The expense ratio remains elevated.

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