Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Top Gainers & losers on May 22: JSW Cement, Honasa Consumer, Tata Comm, Sammaan Capital, Trent among top gainers
On May 22, markets showed mixed results with the Nifty 50 gaining 0.40% and Sensex rising 0.36%. While Nifty Private Bank and Nifty Metal saw gains, Nifty Media and Nifty Pharma lagged. The Indian rupee strengthened to 95.9 per dollar amid RBI interventions.
Q4 Results LIVE Updates: Sanghvi Movers shares surge over 12%; Jubilant Foodworks down 7%
Q4 Results LIVE Updates: ITC, Aurobindo Pharma, LIC, LG Electronics, Ashoka Buildcon, Bikaji Foods, Datamatics, Engineers India, GMM Pfaudler, Happy Forgings, Honasa Consumer, Ixigo, Nykaa, Page Industries, Ramco Cements, Max Healthcare, Prestige Estates, MTNL, Sun TV, Quick Heal, RCF, WeWork, VA Tech Wabag, are among the companies reporting their earnings today. The street will also react to numbers reported by Whirlpool, Apollo Hospitals, Sammaan Capital, JK Lakshmi Cement, Lenskart, Ola Electric and others. Watch this space for all the LIVE earnings updates.
Sammaan in loss as impairments surge in 4th quarter
Sammaan Capital, formerly Indiabulls Housing Finance, reported a significant loss of ₹8,101 crore for the March quarter. Revenue from operations declined while impairments on financial assets surged. The company has completed a transaction with Abu Dhabi's IHC Group, which now holds a substantial equity stake. Sammaan Capital received substantial funds from this transaction.
IHC becomes promoter and controlling shareholder of Sammaan Capital
IHC is one of the world's largest listed investment companies, with a market capitalisation of approximately USD 232 billion and total assets of USD 117 billion, with a presence across 100+ countries. India is one of IHC's top two global strategic markets, and Sammaan Capital is the anchor of Avalora Holdings, IHC's dedicated international financial services platform a positioning that reflects IHC's long-term commitment to India and to Sammaan Capital as its flagship Indian financial services investment.
Sammaan Capital sells Rs 5,000 crore loan portfolio to stressed loan aggregator Arcil
Sammaan Capital sold a ₹5,000 crore stressed loan portfolio to Arcil at about a 52% discount, valuing it near ₹2,400 crore in one of the largest such deals of the year. The portfolio includes real estate and mortgage-linked loans that are delayed but not yet classified as NPAs.
Global AMC BlackRock raises stake in this housing finance company. Details here
BlackRock has increased its stake in Sammaan Capital to 7.68% after acquiring 562,942 shares. The shares of Sammaan Capital have remained under severe volatility in recent months, falling from ₹188.59 apiece to ₹140, losing 26% of their value.
Stocks to Watch Today: Apollo Hospitals, Jubilant Foodworks, HG Infra, Pace Digitek, GPT Infra, Metro Brands, Teamlease, Sammaan Capital in focus on 21 May
Stocks to Watch, 21 May: Stocks like Apollo Hospitals Enterprise, Sammaan Capital, Honeywell Automation India, Whirlpool of India, Teamlease Services, Sanghvi Movers, Metro Brands, JK Lakshmi Cement, Bosch, and Garware Technical Fibres will be in focus on May 21.