Here are the top stocks that are likely to be in focus today:
Results Today: A total of 11 companies, including HFCL, Steel Strips Wheels, Dr Lalchandani Labs and Welcure Drugs & Pharmaceuticals will release quarterly earnings today.
Avenue Supermarts: The owner of retail chain DMart on Saturday reported over two-fold jump in consolidated net profit at Rs 95.36 crore for June quarter 2021-22. The company had posted a net profit of Rs 40.08 crore in April-June period a year ago.
Equitas SFB: Equitas Holdings, the promoter of Equitas Small Finance Bank (SFB), on Saturday said the bank has received Reserve Bank of India s (RBI) nod to apply for amalgamation of the promoter into itself.
Ujjivan Financial, Equitas Holdings hit upper circuit. Here s why
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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.
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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.
This stock rose 20% today; here s why
As per the Small Finance Bank (SFB) licensing guidelines of RBI, a promoter of SFB can exit or to cease to be a promoter after the mandatory initial lock-in period of five years (initial promoter lock-in) depending on RBI s regulatory and supervisory comfort and SEBI regulations at that time. Representative image
Updated Jul 12, 2021, 11:36 AM IST
Share of Equitas Holdings Limited rose 20 per cent to hit a fresh 52-week high of Rs 138.40 after the bank announced it has received Reserve Bank of India s (RBI) nod to apply for amalgamation of the promoter into itself. In the case of Equitas Small Finance Bank Limited, our subsidiary for which the company is the promoter, the said initial promoter lock-in for the company expires on September 4, 2021. Hence, the bank had requested RBI if a Scheme of Amalgamation of the company with the Bank, resulting in the exit of the promoter, can be submitted to RBI for approval, prior to the expiry of the
Shares of Equitas Holdings, Ujjivan Financial Services, and IDFC rallied up to 20 per cent on the BSE in the intra-day trade on Monday after the Reserve Bank of India (RBI) allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme.
Among individual stocks, Equitas Holdings (at Rs 138.40) and Ujjivan Financial Services (at Rs 244.90) were locked in the 20 per cent upper circuit, while Equitas SFB surged 17 per cent at Rs 76.25, IDFC (up13 per cent to Rs 60.05), Ujjivan Small Finance Bank (up 11 per cent at Rs 33.80), and IDFC First Bank (up 2 per cent at Rs 54.70) on the BSE. In comparison, the S&P BSE Sensex was up 0.50 per cent at 52,649 points at 09:21 am.
610 stocks freeze at upper circuits; Siyaram Silk, SML Isuzu zoom 20% 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.