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Don't take fresh positions in midcap IT, consumer stocks: Ajay Bagga


Don’t take fresh positions in midcap IT, consumer stocks: Ajay Bagga
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Last Updated: Jul 13, 2021, 08:59 AM IST
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Synopsis
“If China is loosening its policy, that is not good news for global economy and global consumption. If that pattern continues in the US and Europe, then for our exporters also, it is not very good news. In short, we will have to wait and watch. ”
ETMarkets.com
We are expecting a degrowth in profit quarter on quarter. Year on year numbers will look very good because in April to June last year, there was a complete shutdown. In the second half of the year, the management forecasts will become very critical. Right now, I would not recommend taking any positions. The market has become too optimistic about the IT results, says market expert ....

Tata Elxsi , Ajay Bagga , Ujjivan Small Finance , Reserve Bank , அஜய பாகா , உஜ்ஜீவன் சிறிய நிதி , இருப்பு வங்கி ,

Ujjivan Financial, Equitas Holdings hit upper circuit. Here's why


Ujjivan Financial, Equitas Holdings hit upper circuit. Here s why
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Synopsis
On Monday, Equitas Small Finance Bank soared 19 per cent to Rs 76.75, whereas shares of Ujjivan Small Finance Bank jumped 11 per cent to Rs 33.8.
Agencies
Equitas Holdings, the promoter of Equitas Small Finance Bank (SFB), said the bank has received Reserve Bank of India s (RBI) nod to apply for amalgamation of the promoter into itself.
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New Delhi: Shares of the promoters of two small finance banks - Ujjivan Financial Services and
Equitas Holdings - hit their upper circuit limits in early trade on Monday. Both the counters were buzzing on the back of a reverse merger. ....

New Delhi , Equitas Holdings , Ujjivan Small Finance Bank , Ujjivan Financial Services , Equitas Small Finance Bank , Financial Services , Reserve Bank , Ujjivan Small Finance , புதியது டெல்ஹி , ஈக்வைடெஸ் ஹோல்டிங்ஸ் , உஜ்ஜீவன் சிறிய நிதி வங்கி , உஜ்ஜீவன் நிதி சேவைகள் , ஈக்வைடெஸ் சிறிய நிதி வங்கி , நிதி சேவைகள் , இருப்பு வங்கி , உஜ்ஜீவன் சிறிய நிதி ,

Non-bank microfinance companies expect level playing field with banks and small finance banks


Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed changes under the ‘consultative document on regulation of microfinance’ released by the RBI take shape.
With no caps on interest rate spreads, no restriction on number of lenders approaching a borrower, no end use restriction of credit and a simplified cost structure, NBFC-MFIs could explore differential rates for borrowers based on risk assessment and take the competition to banks and small finance banks which together constitute around 60 per cent of the micro credit outstanding. ....

Alok Misra , Nitin Chugh , Village Financial Services , Ujjivan Small Finance Bank , Reserve Bank , Kuldip Maity , Village Financial , Ujjivan Small Finance , அலோக் மிஸ்ரா , நிடின் சக் , கிராமம் நிதி சேவைகள் , உஜ்ஜீவன் சிறிய நிதி வங்கி , இருப்பு வங்கி , குல்திப் மாதி , கிராமம் நிதி , உஜ்ஜீவன் சிறிய நிதி ,