In its report, CARE Ratings said the core segments of two wheelers, specifically the 75 cc - 110 cc range in motorcycles and the 75 cc - 125 cc range in scooters, have shown a sharp sales volume decline from FY19 to FY22, with a slight recovery seen in FY23.

Demand for electric two wheelers slowing down due to reduced government subsidy: Report

Banks’ lending to NBFCs rose 35.1% to ₹14.2 lakh crore in June. MF exposure to NBFCs also increased 14.5% to ₹1.62 lakh crore. Banks’ advances to NBFCs share of aggregate advances doubled from 4.5% to 10%. Growth momentum accelerated in FY23 & Q1 FY24 due to NBFCs’ asset base.

Banks’ lending to NBFCs jumps 35% to ₹14.2 lakh cr. in June: Care Ratings report

Credit offtake continued to show robust growth, increasing by 19.7 per cent on-year to reach Rs 148 lakh crore for the fortnight to July 28. This was primarily driven by the impact of the HDFC-HDFC Bank merger as well as growth in personal loans and loans to NBFCs, Care Ratings said in the report.

HDFC merger helps boost credit offtake to 19.7 per cent in fortnight ended Jul 28: Report

Benchmark indices Sensex & Nifty 50 fell 0.6 & 0.5% respectively. BSE Consumer Durables gained 2.3%, BSE Metal 1.1%, BSE Capital Goods & BSE IT 0.8%. Gland Pharma, Indian Overseas Bank & Kalyan Jewellers gained 22.75%, 18.18% & 16.09% respectively due to Q1FY24 results, CARE Ratings & MSCI Inc. incl…

Gland Pharma, IOB and Kalyan Jewellers: The three stocks that outperformed in week ended August 11

Adani Wilmar: A company update suggesting reaffirming of Adani Wilmar’s ratings on long and short-term bank facilities and commercial papers by CARE Ratings, however, capped the downside on the counter.

Adani Wilmar shares tank 5% amid report Adani Enterprises may sell stake in Wilmar venture

Religare Enterprises: Care Ratings said its outlook reflects the expectation that subsidiary will be able to raise additional debt through fund and non-fund-based support from its ultimate parent – Reliance Enterprises.

Religare Enterprises shares in focus as Care Ratings says outlook stable for subsidiary

Life insurers in India recorded a decline of 0.9% in first-quarter new business premium collections, amounting to Rs 73,004.9 crore, mainly due to the decrease in group premium mop-up led by the market leader Life Insurance Corporation (LIC), according to a report by Care Ratings.

Life insurers’ Q1 new business premium collections decline 0.9 per cent: Report

The move comes in response to a SEBI order issued in April, which found Mokashi guilty of violating Credit Rating Agency regulations

Former CARE Ratings CEO moves SAT to challenge SEBI ban: Report

An analysis of banks’ balance sheets by Care Ratings has found that banks’ net interest margin (NIM) increased by 46 basis points to 3.3% in Q1 2023. This growth in NIM led to a 29.5% increase in net interest income for lenders during the period. The better NIM was driven by slower deposit rate rese…

Banks’ net interest margin jumps 46 basis points to 3.3% in March quarter, says report

The planned zero-coupon bond is rated BBB- by Care Ratings and carries a yield of 18.75%.

Tycoon Mistry’s Firm Set To Sell India’s Biggest Low-Rated Bond

Goswami Infratech plans to sell bonds Tuesday. The instrument has a tenor of less than three years, and is rated ‘BBB minus’ by Care Ratings, sources said.

StanChart, Deutsche lead arrangers for Shapoorji Group co’s Rs 14,300-crore bonds

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Credit Analysis and Research Limited is a credit rating agency. The Company's segments include Ratings and related services, and Others.

CARE Ratings Ltd