Muthoot Finance Ltd. reported third quarter consolidated net profit rose almost 17% to ₹1,007 crore from the year-earlier period. Total revenue rose 16% to ₹3,001 crore.Standalone net profit stood at
[Product Roadmap] How fintech startup Capital Float is solving lending needs with its in-house technology
A product roadmap clarifies the why, what, and how behind what a tech startup is building. This week, we feature Capital Float, one of the early fintech startups founded in 2013.
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Sashank Rishyasringa and
Gaurav Hinduja saw a big gap in the Indian SME market, especially for lending. While ecommerce firms like Flipkart were picking up and growing, the sellers on the platforms, especially SMEs and MSMEs, were still finding it challenging to get a loan.
Wanting to address the problem using technology, Sashank and Gaurav started Capital Float in 2013.
Muthoot Finance shares jump 4%; analysts see up to 34% upside after Q3 results
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Last Updated: Feb 10, 2021, 10:18 AM IST
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The NBFC on Tuesday reported a 22 per cent jump in standalone profit after tax at Rs 991.4 crore for the December quarter compared with Rs 815.2 crore for the year-ago quarter.
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NEW DELHI: Muthoot Finance shares climbed 4 per cent in Wednesday s trade as brokerages raised their price targets for the scrip following the company s better-than-expected financial results for the December quarter. The new targets suggest a potential upside of up to 34 per cent over Tuesday s price.
With credit risk a structural non-issue and medium-term super-normal profitability, Edelweiss Securities said Muthoot Finance remains its top pick among NBFCs. It said that the company is on track for 25 per cent loan growth in FY21 and noted that the management has marked 15 per cent medium-term loan growth, as the low end o
Technical View: Nifty forms Doji pattern, could remain sideways with negative bias
Mazhar Mohammad of Chartviewindia feels traders with high risk appetite can remain short if Nifty trades below 14,977 levels for atleast 30 minutes and look for bigger targets by placing a stop loss above 15,000 levels on closing basis. Sunil Shankar Matkar February 10, 2021 / 05:33 PM IST
The Nifty50 remained volatile throughout the session and closed on a flat note on February 10 as selling in banks weighed on sentiment. Auto, select IT and pharma stocks supported the market.
The index formed a Doji kind of pattern on the daily charts, which experts feel indication of consolidation in the coming sessions. A Doji candle indicates there is some indecisiveness among the bulls and the bears and bounces were being sold in the absence of follow-up buying interest.