Muthoot Microfin defied industry decline, growing assets by over 13%. The company improved its loan repayment rates and reduced bad loans. New individual loan products are performing exceptionally well. Sadaf Sayeed, CEO of Muthoot Microfin anticipates further margin expansion and improved profitability in the coming years, signaling a strong recovery.
Muthoot Microfin defied industry decline, growing assets by over 13%. The company improved its loan repayment rates and reduced bad loans. New individual loan products are performing exceptionally well. Sadaf Sayeed, CEO of Muthoot Microfin anticipates further margin expansion and improved profitability in the coming years, signaling a strong recovery.
Coal India shares fell on Thursday following a report about a potential government stake sale. The government may sell 3-4% of the company for approximately Rs 10,000 crore. This move could offer shares at a discount to the current market price. The company's recent financial results showed a profit surge.
The Reserve Bank of India has approved Kotak Mahindra Bank to acquire up to 9.99% of Federal Bank's share capital. This move positions Kotak Mahindra Bank as a potentially significant institutional shareholder in the Kerala-based lender. Investors will now monitor future disclosures to track the progress of this strategic stake acquisition.
Despite continued buying by mutual funds and retail investors over two quarters, several stocks have delivered weak returns, with many falling over 25% in six months. The data highlights that institutional accumulation does not always translate into near-term gains, even as a few stocks posted strong upside.
MRF announced a final dividend of Rs 229 per share for FY26, taking the total payout to Rs 235 per share. The company reported strong Q4 earnings with a 37% rise in net profit and double-digit revenue growth, supported by improved margins and stable cost performance during the quarter.
BlackRock, the world's largest money manager, is set to invest in a dollar bond to be issued by a unit of India's Shapoorji Pallonji Group this month, two people directly familiar with the transaction said.
Markets navigated Covid-19's impact and Trump's tariffs, only to face Middle East geopolitical tensions. The ET Alpha Wealth Summit on June 4 in Mumbai will gather experts to decode the market's next phase, explore AI's influence on jobs and the economy, and discuss global vs. local investment strategies amid high valuations. Registrations are open.
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