Owner financing to buy a house

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Housing Development Finance Corporation With its theme of ‘actionable intelligence’ in its annual report, HDFC has been adapting to newer and faster ways of communicating with stakeholders through digital interface, changing with the landscape to remain competitive and be future-ready. Currently, the company receives 91% of home applications through digital channels. The management believes that India’s housing loan market would double to ~$600 billion in the next five years with estimated mortgage penetration of 13% of GDP which would still be lower as compared to emerging economies. It believes that the optimum path to scale up housing finance is to be housed within a banking structure. The resources pool for lending will be significantly larger and at lower … [Read more...] about Buy Housing Development Finance Corporation; target of Rs 3025: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Shriram City Union Finance SCUF reported a healthy disbursement momentum despite seasonality (relative to 3Q of the fiscal year). Product mix change in favor of personal loans has aided yields while improvement in borrowing costs has allowed SCUF to deliver healthy spreads/margins. Asset quality exhibited significant improvement with GS3 declining ~100bp QoQ without having to resort to elevated write-offs (like in SHTF) and is perhaps the best in the last six years. Shriram Housing continues to demonstrate a lot of promise in all aspects ranging from AUM growth, margins and asset quality. Technical reasons (of a potential supply overhang after the merger) aside, the merged entity will emerge stronger than the respective standalone businesses. … [Read more...] about Buy Shriram City Union Finance; target of Rs 2150: Motilal Oswal

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The National Stock Exchange has added Indiabulls Housing Finance as the third stock on its futures and options ban list for June 15 after the scrip crossed 95 percent of the market-wide position limit. RBL Bank and Delta Corp are already on the ban list. RBL Bank was at the top in the short-covering list on Tuesday, which was down just half a percent following nearly 23 percent slump in the previous session after R Subramaniakumar was appointed as the chief executive officer of the bank for three years after the exit of long-time CEO and Managing Director Vishwavi Ahuja nearly six months ago. Delta Corp shares rebounded by 2.2 percent June 14 after a correction of 20 percent consistently since May 30. Indiabulls Housing Finance , which fell 15 percent in last four consecutive … [Read more...] about NSE adds Indiabulls Housing Finance as third stock to F&O ban list for Wednesday

Representative Image Bajaj Housing Finance announces an interest rate change for its products. The company's home loan interest rates now start as low as 7.20%* p.a. for salaried and professional applicants – one of the most competitive in the market today. Eligible borrowers can pay EMIs starting at just Rs. 679/Lakh*.Bajaj Housing Finance announces an interest rate change for its products. Bajaj Housing Finance was among the first HFCs to offer external benchmark-linked home loans. Extending its earlier industry-first offering, the Company has revised its interest rate for repo rate linked home loans to 7.30%* p.a. onwards for eligible salaried and professional applicants, which is among the lowest one can avail of at present. The Bajaj Housing Finance Home Loan offers sizeable finance to the tune of Rs. 5 Cr.* or higher, basis eligibility, with a repayment tenor of up to 30 years. Borrowers also benefit from hassle-free processing with an online application feature, … [Read more...] about Bajaj Housing Finance Announces Home Loan Interest Rate Change; Offers One of the Most Competitive Rates Starting at 7.20%

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market was off to a quiet start on June 20 after the hammering of the previous week but resumed the downtrend immediately, with the Nifty sliding towards the low of 15,200. Positive global cues lifted sentiment the next day and the market had a decent relief rally in which it retested 15,700. Some tremors were felt mid-week but the Nifty held on to key support levels. A good broad-based participation saw the Nifty at around 15,700. The index is back at 15,700, the recent breakdown point, hence, the market has entered a corridor of uncertainty. Till the time Nifty does not go past its major hurdle of 15,900–16,000 on a closing basis, one should avoid aggressive bets on the long side. It will be interesting to see how the market behaves in the first half of the week. If global relief … [Read more...] about Hot Stocks | Here is why you should bet on Coforge, Shriram Transport Finance in short term

Representative image India’s largest software firm TCS has bagged a deal to drive business process transformation at Aadhar Housing Finance for an undisclosed sum, the companies said on Wednesday. The domestic housing financier will be deploying the Tata group company’s lending and securitisation platform for market expansion, according to a statement. The partnership with TCS is for an end-to-end business process transformation using the integrated and collaborative blockchain-based cloud platform. The Indian market constitutes around 5 per cent of the revenues for the TCS, which depends on the export markets for revenues. Globally, banking, financial services and insurance is the biggest segment for the company. ”The TCS lending and securitisation platform is helping Aadhar Housing Finance harness the power of digital technologies to enhance customer experience and improve its market position,” the software company’s country head Ujjwal Mathur said. The platform offers … [Read more...] about TCS bags deal from Aadhar Housing Finance to improve business operations

The market seems to have seen extreme bearishness after the recent fall way below even its March lows, indicating the Nifty50 index moved near the oversold territory, experts said. A rising concern over inflation and fears of a recession because of rapid tightening of monetary policies weighed on the sentiment. The March 2022 low was 15,671. The Nifty50 plunged nearly 18 percent from its record high of 18,604 on June 19 last year, to 15,183 levels on June 17 this year. Even from its June high (current month), it lost nearly 10 percent, followed by recent recovery of 3.4 percent from 15,183. ICICI Direct highlighted four factors that clearly indicated that we are in an oversold territory, indicating more than 9 percent recovery from the recent lows. Only around 15 percent stocks traded above 200 day moving average in the recent fall, which means around 85 percent stocks fell below 200 DMAs, which clearly signifies extreme pessimism in the market. Technical experts usually … [Read more...] about Pullback likely as sentiment turns extremely bearish. These 19 stocks are bargain buys now

Representative Image: Reuters The House passed a wide-ranging gun control bill Wednesday in response to recent mass shootings in Buffalo, New York, and Uvalde, Texas, that would raise the age limit for purchasing a semi-automatic rifle and prohibit the sale of ammunition magazines with a capacity of more than 15 rounds. The legislation passed by a mostly party-line vote of 223-204. It has almost no chance of becoming law as the Senate pursues negotiations focused on improving mental health programs, bolstering school security and enhancing background checks. But the House bill does allow Democratic lawmakers a chance to frame for voters in November where they stand on policies that polls show are widely supported. "We can't save every life, but my God, shouldn't we try? America we hear you and today in the House we are taking the action you are demanding," said Rep. Veronica Escobar, D-Texas. "Take note of who is with you and who is not." The push comes after a House … [Read more...] about US House passes gun control bill after recent mass shootings

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Sharekhan's research report on Infosys Our interaction with Infosys’ management revealed that demand stays strong and the company does not see clients’ IT spends weakening even amid geopolitical tensions and high inflation. Infosys is confident of clocking strong revenue growth yet again in FY2023 with front-ended revenue growth. H1 is expected to be better than H2. Margins are likely to improve in H2FY2023 as headwinds are front-loaded, led by rationalisation of sub-contractor costs, pyramid rationalisation and better pricing. Outlook We thus maintain a Buy on Infosys with a revised PT of Rs. 1,730; the company is expected to outpace large peer in terms of organic revenue growth in FY2023-FY2024E. Close … [Read more...] about Buy Infosys; target of Rs 1730: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Dr Reddy's Laboratories Dr Reddy’s is embarking on the next phase of its strategy in alignment with changing dynamics of industry, emerging opportunities. The goal is to leverage Horizon 1 business growth levers and drive productivity to invest in Horizon 2 businesses • Horizon 1 will be core driver in the short to medium term mainly comprising 1) Generics, 2) API, 3) Branded Generics, 4) OTC and 5) Biosimilars • Horizon 2 is earmarked for long term mainly comprising 1) ImmunoOncology NCEs, 2) Biologics & CGT, 3) Nutraceuticals, 4) CDMO (small and large molecules), 5) Disease management, 6) D2C and 7) Digital services • The company aspires to 1) maintain double digit sales growth, 2) 25%. Outlook We maintain BUY as the so called transition to … [Read more...] about Buy Dr Reddy’s Laboratories; target of Rs 4960: ICICI Direct