Poonawalla Fincorp jumps 6% on record net profit in Q3; up 24% in a month

On Monday, the company reported its highest-ever net profit of ₹150 crore in Q3FY23, an increase of 88% when compared to a net profit of ₹80 crore in Q3FY22. Following the strong performance, the stock rose 6.13% to ₹307.80 in Tuesday's trade.

CreditAccess Grameen: Why brokerages sees a 45% upside in this stock even after a 53% rally in 2022

For the September quarter, CreditAccess Grameen reported its highest-ever net profit of ₹176 crore, aided by steady business expansion and consistent loan repayment. The company posted a net profit of ₹59.7 crore in the corresponding quarter of the last fiscal.

This newly listed NBFC stock hits all-time high; rallied 31% from its IPO price

The stock was recently listed on the exchanges on November 21, 2022. Taking its previous closing price of ₹624.35 into account the stock has risen 31.71% from its issue price of ₹474 apiece. The company provides secured business loans to micro-entrepreneurs and self-employed individuals.

M&M Financial Services stock jumped 10% even after Q2 net profit halves

The company reported a 55.39% drop in its consolidated net profit to ₹492 crore in Q2FY23 as against ₹1,103.8 crore in the same quarter of the previous fiscal. YTD, the stock has risen from around Rs. 148.95 to the current trading price of Rs. 213.05, representing a 42.49% increase.

Tata Investment Corp stock hits all-time high; rallies 48% in last 4 trading sessions

So far in September, the stock has returned an incredible 68 percent. In the last one year, the stock doubled investors' wealth by surging 110 percent from ₹1,284.15 to ₹2,691.30.

NBFCs start the year on a strong note as threats from Covid remain low: ICRA

<ul><li>The unsecured loan segment, such as microfinance loans, SME loans or personal loans, had seen the sharpest decline in collections during the first and second Covid waves, said ICRA.</li></ul>

Stressed assets of NBFC-MFIs seen down 800 bps, still above pre-pandemic levels: CRISIL

<ul><li>Foreclosures were higher in the last quarter of last fiscal, CRISIL said. That, and the trend in the restructured book needs close monitoring to assess incremental slippages.</li></ul>

Bajaj Finance: Stellar result but CLSA says 'sell'; Target price of ₹6000; Here's why

Bajaj Finance announced its highest-ever consolidated profit after tax of ₹7,028 crore in the fiscal year ended March 2022.

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Poonawalla Fincorp jumps 6% on record net profit in Q3; up 24% in a month

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