Read more about Financials shares rise on Business Standard. Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 68.12 points or 1% at 6866.88 at 09:48 IST.
Cholamandalam Investment & Finance Company consolidated net profit rises 5 30% in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Rural uptick prompts Chola to focus on tractor finance
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Firm views good monsoon, bountiful harvest as positives
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Firm views good monsoon, bountiful harvest as positives
Cholamandalam Investment and Finance Co. Ltd. (CIFCL), the Murugappa Group’s financial services arm, plans to maintain a strong focus on the rural economy by stepping up financing for tractors.
The NBFC’s move follows faster recovery of the rural sector and a good
Rabi harvest. CIFCL is banking on the good monsoon, higher cropping and government support to impart a positive growth trajectory to the tractor industry, which it expects will post 10% to 15% growth in the current fiscal, it said in an investor presentation.
Stocks in the news | IRCTC, Tata Motors, Tech Mahindra, Cipla, TVS Motor, PVR, BEL
United Breweries, eClerx Services, Coforge, Gravita India, Magnum Ventures, Vimta Labs, GHCL, Karda Constructions, are also among the stocks in focus today. Here are some of the stocks in the news today. IRCTC Q3 | Revenue came in at Rs 245.23 crore against Rs 734.98 crore in the year-ago. Income stood at Rs 77.53 crore against Rs 205.55 crore. Pidilite Industries Q3 | Consolidated revenue stood at Rs 2,299.02 crore against Rs 1,926.59 crore in the year-ago. Profit came in at Rs 441.83 crore against Rs 341.78 crore. United Breweries Q3 | Consolidated revenue stood at Rs 3,065.89 crore against Rs 3,254.07 crore in the yar-ago. Profit was at Rs 126.78 crore against Rs 106.68 crore.
Share Market Highlights: Sensex ends 588 points lower, Nifty at 13,635; Dr Reddy, Maruti, Airtel top losers March 27,2021 07:41 IST
Sensex, Nifty Highlights on January 29: Market indices turned volatile and closed 1% lower on Friday, as the budget session of the parliament began with FM Nirmala Sitharaman tabling the Economic Survey 2020-21. Extending fall for another session, Sensex ended 588 points lower at 46,285 and Nifty fell by 182 points to 13,634. Yesterday, Sensex ended 937 points lower at 47,409 and Nifty fell 271 points to 13,967. Traders said volatility is expected ahead of Union Budget 2021-2022 that will be presented on February 1. Analysts are of the view that a continued pullback in domestic markets was mainly led by profit booking ahead of the Union Budget and important global events. The reversal of FII from buyers to sellers in the last two sessions, right ahead of the budget also added to the nervousnes. Meanwhile, December quarterly earnings announcements by B