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Weekly Market Wrap: SENSEX, NIFTY50 log best weekly gains in over 5 years; SMIDs shine; Shriram Finance leads rally - Upstox
Weekly Market Wrap: SENSEX, NIFTY50 log best weekly gains in over 5 years; SMIDs shine; Shriram Finance leads rallyUpstox
IT steady despite muted TCS growth; realty, metals, Shriram Finance offer opportunities: Khemka
Siddhartha Khemka of Motilal Oswal says IT may remain range-bound as weak growth offsets stable TCS margins, with AI gains largely passed on to clients. Still, valuations are turning attractive for long-term investors. He sees emerging opportunities in real estate after the correction, remains positive on metals as a structural demand play, and prefers Shriram Finance in financials following its recent dip. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Shriram Finance among 6 stocks showing bullish RSI upswing
Six Nifty500 stocks surged over 10% as RSI crossed above 50, signaling strengthening momentum. Rising RSI trends indicate potential buying opportunities, highlighting stocks gaining traction amid improving technical indicators.
Shriram Finance shares surge 11% after board approves allotment of shares to MUFG
Earlier in February, Shriram Finance had received confirmation from the Reserve Bank of India (RBI) that Japan’s MUFG Bank does not require prior approval for the proposed transaction.
Rajesh Palviya of Axis Sec suggests ACME Solar, Shriram Finance, Hindalco shares to buy today
On March 20, Nifty 50 and Sensex opened higher after a significant drop, buoyed by easing oil prices. The indices experienced a decline of 3.3% previously, with HDFC Bank losses leading. ACME Solar shows bullish momentum while Shriram Finance and Hindalco indicate bearish trends.
Shriram Finance shares fall 7%, the most in two years to lead Nifty 50 losses
The decline marks the stock's sharpest fall since June 2024, and it has now dropped in three of the last five trading sessions.
RBI not considering any proposal to cap top NBFC management tenure: Exclusive
For Shriram Finance, Executive Vice Chairman Umesh Revankar has served for 14 years on the company's board, and his current tenure comes to an end in October 2029. For Bajaj Finance, Rajeev Jain has served for 11 years on the company's board and his current tenure ends in March 2028.
Explained — How Bajaj Finance, Shriram Finance could be the most impacted if RBI changes this rule
While private sector banks in India have a cap of 15 years for EDs on the board, as well as an age cap of 70 years, along with the need to seek RBI approval for their compensation, NBFCs do not need any such regulatory approval, and their boards can also decide the tenure, compensation and have a policy as well.
Stock Picks Today: Indigo, Maruti Suzuki, Shriram Finance, Nykaa And More On Brokerages' Radar
Picture used for representational purpose only.
German Development Finance Institution DEG and Citi To Provide $76-Million Co-Financing Package To Shriram Finance
Shriram Finance has a strong track record in rural and semi-rural India.
Shriram Finance secures USD 76 million co-financing for economic inclusion & rural development
In a significant move towards enhancing economic opportunities in India, DEG, the German development finance institution, has joined forces with Citi to deliver a remarkable USD 76 million co-financing package to Shriram Finance.
DEG, Citi provide $76 milion to Shriram Finance for MSMEs, EVs, rural lending
DEG and Citi provided $76M to Shriram Finance for economic inclusion, rural development, and climate mobility in India. DEG aids MSMEs, EVs, women, and underserved areas. Citi supports farmers.