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In December, fund houses allocated some money to NBFCs including housing finance companies, which could be beneficiaries of the expected revival in the real estate sector. Companies in the automobile sector were also added to the portfolio last month.
Fusion MicroFinance Q3 Results: Net profit surges 23% YoY to Rs 126 croreThe net interest margin for the quarter improved to 11.54%, a good 118 basis points higher than what it was in the same quarter last fiscal. The lender's total income for the quarter was 32% higher at Rs 613 crore while net … Read MoreEstee Lauder to cut jobs on skittish China demand; shares surge 19%A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand. While companies like LVMH and Richemont have posted strong sales growth, others like Burberry h… Read MoreLIC Housing Finance Q3 Results: Net profit jumps over two-fold YoY to Rs 1,163 croreNet profit margin, which is a ratio of net profit to total revenue, improved to 18.1% from 10.52% over the same period. The gross non-performing assets ratio fell to 4.26% at the end of December from 4.76% a year back. Net NP… Read MoreET MARKET WATCH: Top 10 market highlights: Sensex surges 482 pts, Nifty above 21,700
from Stocks-Markets-Economic Times https://ift.tt/UQeX5zv
… Read MoreSun TV Network Q3 Results: Cons PAT rises 7% YoY to Rs 454 croreThe broadcaster owns 35 TV channels in six languages and an OTT platform Sun NXT, besides FM radio stations across India. It also owns two cricket franchises Sun Risers Hyderabad and Sun Risers Eastern Cape in Indian Premier … Read More
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