Daily Archives: Friday September 21st, 2018

In a few minutes, 11,000 million submerged


Stocks in Mumbai-Deewan Housing Finance (DHFL) are down 60% during the business. The stock of DHFL on the BSE dropped 60 percent to the lowest level of Rs 246.25, which is the lowest level of 2 years of stock. A sudden drop in stocks has cleared more than 11 thousand crore rupees in minutes of the company. However, there was some recovery in the stock from the lower level later. Due to the large drop in stocks due to rumors of liquidity crisis in the company, the market capitalization of DHFL decreased by more than Rs 11 thousand crore rupees.

There is a rumor in the market that DHFL has defaulted in bond payments. On the other hand fear of liquidity crisis, there is a negative environment about DHFL stocks. Apart from this, the fear of decreasing margins from expensive Bond yields has worsened the environment. Due to this news, DHFL’s stock fell on the stock market. However, considering the concern of the investors, management has said that the company has not defaulted on any repayments.

Because of this, shares of other NBFC companies Can Fin Homes, Reliance Home Finance, Home Finance, Repco Home Finance and LIC Housing Finance fell 12 to 18 per cent to the 52-week low. PNB Housing Finance Breaks 9 Percent

DHFL launches ‘Kohram’


Mumbai – The market has shown a horror show in the last trading day of the week. Whole market shocked by the news of DHFL shocked. Sensex breaks more than 1000 points at one time. All NBFC shares scared and they also broke. However, market recovery came later.

Finally, the share of DHFL fell by 42 percent. In fact, the fear of the IL & FS crisis has overwhelmed the market. Housing finance companies have broken the market environment due to breakdown Due to the decline of the banks, the pressure on the market due to the downfall of 25 percent in the worst YES bank. Apart from this, crude of $ 80 per bullion is also increasing the tension of the market. There is also the risk of flying margins with an increase in bond yield.

Meanwhile, DSP MF sold shares in the DHFL as a commercial paper worth 200-300 crores. DSP MF needed liquidity. There was no buyer in the first primary market. These papers were sold on high yield when the buyer did not get it. Due to high yields, DHFL declined sharply. Please tell that DHFL has not done any kind of default.

Marketers scared investors


MUMBAI- The market moves on the last day of the week tremendously scare investors Suddenly there was a sudden sell-out in the market showing good growth in early business The Nifty broke up by 10,866.5, while the Sensex dipped below 36,000. In fact, other than Diwan Housing, the other selling in NBFCs was to spoil the market mood. On the other hand, after the weakness of NBFC companies, its impact gradually got noticed on the whole market.

Finally, BSE’s 30-share index Sensex has closed 280 points, i.e. 0.75 per cent, at 36,842 level. On the other hand, NSE’s 50-share index Nifty closed 91 points i.e. 0.8 percent and closed at 11,143 level. However, after this recovery in the fall, the investor was slightly happy after coming in recovery.

BSE’s mid-cap index was broken up to 14,800. Nifty’s mid-caps 100 index is close to 18,350 with a weakness of 2.5 percent. In today’s business, the Nifty mid-cap index 100 index was rolled 17,430. BSE’s smallcap index closed 3 percent down at 15,760. In today’s business, the BSE’s Smallcap Index was broken up to 15,170.

All sector indexes are closed in red marks only. Banking, realty, pharma, IT, auto and power shares have been beating fiercely. Bank Nifty closed below 25,600 with a weakness of more than 2.5 percent. However, buying has been seen in oil and gas stocks today. BSE’s oil and gas index closed up by 1.5 percent.

In the giant stocks, Yes Bank has 29 per cent, Indiabulls Housing 8.4 per cent, Bajaj Finance 4.8 per cent, Tech Mahindra 4.2 per cent, Kotak Mahindra Bank 3.9 per cent, ULL 3.8 per cent, Adani Ports 3 per cent, IndusInd Bank 2.4 per cent and Maruti Suzuki down 2 per cent. Has happened. However, Bharti Infratel, BPCL, IOC, HPCL, Hindalco, ONGC, Wipro, ITC, TCS and Asian Paints have climbed up to 3.8-1 per cent in the giants.

In mid-cap stocks, Central Bank, Reliance Infra, Adani Power, Wockhardt and Torrent Power have been rolling down 20-6.8 per cent. However, Rajesh Exports, Container Corp, Page Industries, Natco Pharma and Home Finance are up by 4.3-2.1 per cent in the mid-cap stocks.

In smallcap stocks, Deewan Housing, InfoBeam Avenue, IL & FS Transport, Indiabulls Real Estate and RPP Infra have broken down to 42.4-13.2 per cent. However, in the smallcap stocks, Mangalam Cement, Centum Electron, IntraSoft Tech, Phoenix Mills and Monnet Steel closed up to 9.6-4.9 per cent.

Crisil upgrades credit of Muthoot Home Financing


Mumbai: Leading rating agency Crisil has upgraded the rating of Muthoot Home Finance. This has been done for term loan, working capital, demand loan and proposed long-term facility which has been made stable by changing from AA-stable to AA. Ramratthanam, CEO of Muthoot Home Finance said that we are excited by this upgrade and it is beneficial for our company.

According to Crisil’s report, upgrading the rating of Muthoot Home Finance is strategically important and it is a company of Muthoot Finance. Upgrading rating will increase trust on the company. Its net worth has doubled in the last few years and in this financial year 2018, the capital of 100 crore rupees has been invested. The portfolio of Muthoot Home Finance went up to Rs 1,621 crore in the year ended on June 30, 2018, from Rs 596 crore in the same period a year ago. There has been an increase of 127% on an annual basis. Its loan portfolio has been worth Rs 156 crore on quarterly basis. Its gross NPA is 0.51 percent and net NPA is 0.43 percent.

He said that this will help us to provide cheap home finance and we will be able to utilize our resources well. We hope that our loan growth rate will continue and it will contribute 7% to the group’s total assets by 2020. It has a total of 70 branches covering 11 states. There are Maharashtra, Gujarat, Rajasthan, Madhya Pradesh etc.

Emami Paper will invest 1,000 crores


Mumbai-Emami Paper Mills Ltd, Emami Group’s paper and packaging company will invest Rs 1,000 crore in Gujarat. This investment will be done here on its new manufacturing unit. This project will be in Bharuch, which is the first project in this state.

According to the press statement issued by Emami, its director Aditya Agarwal said that in the first phase, this project will be 103 acres and its annual capacity will be 2.25 lakh tonne whereas the capacity of the captive power plant will be 18 megawatts. In the second phase, this project will double the capacity of the company and increase the investment. The company has acquired environmental clearance from Gujarat. He said that the company will do a good business in Gujarat and our goal is to launch the first phase till the beginning of the year 2020 and its commercial production will be in the first half of the same year.

CEO of Emami Paper Mills P.S. Patwari said that Emami is the leading newsprint manufacturer in India, and supplies paper to all leading newspapers. In 2015, the company diversified its packaging and established the plant in Orissa. Currently its product is 3.35 lakh tonnes.