All that’s glittering is still gold, says UBS Global Wealth Management, whose strategists have a shiny new price target. – Getty Images Stocks may be in for a struggle until Jay Powell steps up to the Jackson Hole podium on Friday. Also paying attention will be gold bugs, ears perked for rate-cut hints from the
Shares of Manappuram Finance Ltd and Muthoot Finance Ltd have climbed up to 52 per cent in the past six months and ICICI Securities believes the prevailing valuations are factoring in continuity in the ongoing positive cycle for gold loan NBFCs. The domestic brokerage has downgraded Manappuram Finance to ‘Hold’ from ‘Buy’ with an unchanged
SBFC Finance is aiming to maintain its annual asset under management (AUM) growth target between 25% and 30% for the financial year 2024-25 (FY25), despite the high base effect. “We have been guiding 5% to 7% growth now for probably more than eight quarters in a row,” Mahesh Dayani, Chief Business Officer of SBFC Finance,