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Jio Financial Services shares rally 6% after stellar Q1 results. Buy, sell or hold the stock?

Jio Financial Services shares surged 6% after the company posted a strong Q1FY27 performance. Consolidated net profit jumped 155% year-on-year to Rs 830 crore, while revenue from operations soared 227% to Rs 2,004 crore. Interest income, fee and commission income, and profit before tax also recorded robust growth, reflecting strong…

The Economic Times

Jio Financial Q1 Results: Profit skyrockets 155% YoY to Rs 830 crore

Jio Financial on Thursday reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830 crore in the first quarter. The same stood at Rs 325 crore in the same quarter last year.

The Economic Times

Ashish Kacholia cuts stake in two chemical stocks after 114% rally. What's driving the move?

Ace investor Ashish Kacholia has reduced holdings in two chemical stocks. Yasho Industries and Fineotex Chemicals saw stake reductions by the investor. This move occurred after substantial stock price rallies earlier this year. Supply chain issues and Chinese competition are impacting the chemical sector. Kacholia also reduced his stake in…

The Economic Times

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Ashish Kacholia exits, Madhusudan Kela trims stake in smallcap NBFC stock that's up over 50% in 2026

Prominent investors Ashish Kacholia and Madhusudan Kela have reduced their stakes in SG Finserve. This move follows a substantial 52% share price increase since the year began. Kacholia's holding dropped below the disclosure threshold, indicating a likely exit from the company. Kela also marginally decreased his investment in the non-banking…

The Economic Times

FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: Report

Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near term. However, FCNR (B) deposit inflows will determine certificate of deposit volumes in the second quarter. Commercial paper issuances are expected to remain strong…

The Economic Times

Tata Capital forays into gold loans with Yogloans acquisition

Tata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lending portfolio with a secured lending product. The acquisition involves a share purchase and a significant capital infusion into the NBFC. India's gold loan market is expanding, driven by…

The Economic Times

Bajaj Finance shares gain 2% after Q1 business update; AUM rises to Rs 5.46 lakh crore

Bajaj Finance shares rose after the company reported strong Q1 FY27 business growth, driven by higher assets under management, customer additions and loan bookings. The NBFC also continued its steady expansion in deposits, while stable asset quality and healthy profitability reinforced confidence in its long-term growth trajectory.

The Economic Times

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Paisalo Digital bets on AI and Nvidia chips to double its loan book in 3 years

Paisalo Digital is aggressively pursuing a technology-first strategy, aiming to double its loan book in three years while maintaining a healthy net interest margin. The NBFC is leveraging AI and Nvidia chips to reduce funding costs and boost yields. With a strong focus on asset quality and no immediate need…

The Economic Times

Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod

Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported…

The Economic Times

Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times

2 top stock recommendations from Vinay Rajani

Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend is still positive, with key support at 23,800. Financials and pharma sectors are identified as preferred investment avenues, with specific stock recommendations provided for traders…

The Economic Times

Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey

India's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities' Pankaj Pandey. NBFCs also stand to gain from a softer interest rate environment. While IT acquisitions may take time for significant returns, power financiers and transmission…

The Economic Times

Progcap looks to raise $45 million equity capital in FY28

The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers. The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.

The Economic Times

PSU banks lose gold loan sourcing share as private banks, NBFCs gain traction: Report

Public sector banks are losing ground in the gold loan market to private lenders and NBFCs, which offer faster service and wider reach. While NBFCs are rapidly gaining market share, public banks still dominate priority sector gold loans, leveraging their extensive networks.

The Economic Times

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The Economic Times

Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?

Tata Capital shares saw a dip on Monday following a significant rally that propelled them to an all-time high last week. Despite a recent surge, the NBFC's stock experienced a correction. Analysts at JM Financial have upgraded their rating to 'Buy', citing strong growth prospects driven by retailization and expansion.…

The Economic Times

Sebi proposes easing margin trading funding rules, tighter broker norms

SEBI has proposed reforms to the Margin Trading Facility, including increasing broker net-worth requirements to Rs 5 crore, permitting LLPs to offer MTF, and expanding funding avenues. These changes aim to enhance operational efficiency and strengthen risk management for brokers.

The Economic Times

Private banks remain in focus as credit growth strengthens; selectivity key amid valuation concerns: Dnyanada Vaidya

Private sector banks are attracting investors with robust credit growth and stable asset quality. Experts anticipate a rate cycle shift, boosting margins. While some valuation concerns persist, opportunities for rerating exist in select large banks like ICICI and Kotak Mahindra Bank. Deposit mobilization remains a key area to monitor for…

The Economic Times

NBFCs, autos, and multi-decadal themes gain traction as India eyes post–West Asia stability boost: Nitin Raheja

Market participants are recalibrating India portfolios towards financials, autos, and long-term structural themes like defence and digital infrastructure as crude prices soften and West Asian tensions ease. Market expert Nitin Raheja of Julius Baer Wealth Advisors sees a cautiously optimistic outlook, with improving medium-term prospects for Indian equities despite near-term…

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The Economic Times

Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks

Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.

The Economic Times

RBI cancels registration certificates of 135 NBFCs

The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move…

The Economic Times

Earnings slowdown in FY27? JM Financial lists 5 sectors which must do the heavy lifting

Nifty 50 earnings growth fell short of expectations in FY25 and FY26. While Q4 FY26 results led to an upward revision for FY27E Nifty 50 EPS growth, past downgrades suggest caution. Automobiles, metals, NBFC, telecom, and infrastructure are poised for strong growth. Private banks form the backbone of these expectations.

The Economic Times

PhysicsWallah revises lending strategy, to partner with NBFCs for student loans

In a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending through its books, as had been envisaged with the FinZ infusion. The edtech will henceforth work as a technology platform that connects its students to a curated…

The Economic Times

AvenuesAI plans strategic investment in Ratnaafin Capital NBFC to drive AI-led embedded lending

AvenuesAI is planning a minority investment of up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC with a lending book exceeding INR 2000 crores, as part of its strategy to build an AI-led embedded finance and digital lending ecosystem through partnerships with specialised NBFCs.

The Economic Times

Select SFBs and MFI players positioned for earnings upside: Rajiv Mehta

Non-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance and microfinance. Despite lingering macroeconomic uncertainties and inflation, credit performance remains stable. Microfinance and affordable housing are highlighted as particularly attractive sub-segments poised for strong recovery, though vigilance on household income pressures is…

The Economic Times

HeadsUp B2B sees Rs 2,500 crore revenue by 2030: Founder

HeadsUp B2B anticipates Rs 2,500 crore revenue by 2030 at current investment levels. Achieving Rs 10,000 crore requires additional funding and strategic investors. The company is enhancing gross margins by adding higher-margin products and services. Expansion into turnkey solutions and new sectors like coal and mining is planned.

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