Latest news with #ESAFSmallFinanceBank
Mint
a day ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 20 June 2025
Stocks to buy under ₹ 100: Amid rising geopolitical tension caused by the Israel-Iran war, the Indian stock market extended its downside trend for the third straight session on Thursday. The Nifty 50 index ended 18 points lower at 24,793, the BSE Sensex finished 82 points lower at 81,361, while the Bank Nifty index corrected 251 points and closed at 55,577. Tata Consumer, Eicher Motors, and M&M emerged as top performers on the Nifty. Conversely, Adani Ports, Bajaj Finance, and Shriram Finance concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were lower by 23% compared to the average volumes of the last ten days. Across sectors, the selling pressure was widespread. Barring Nifty Auto, all other sectoral indices ended in the red. Nifty PSU Banks, Media, Realty, Metal, and IT witnessed the most significant declines. The Nifty Midcap and Smallcap Indices witnessed considerable selling pressure, with the Nifty Midcap 100 Index plummeting by 1.63%, while the Nifty Smallcap 100 Index plunged by 2%. Market breadth remained weak for the seventh consecutive day, with declining stocks sharply outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.32, the lowest since 06 May. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index amid the geopolitical tensions has managed to show resilience sustaining near the 24,800 zone for quite some time with very narrow movement witnessed as of now and currently is precariously placed having the crucial and important support zone positioned at 24,500 and at the same time, would need a decisive move above the 25,200 to anticipate for further fresh upward move." "The Bank Nifty index witnessed some profit booking from near the 56000 zone and closed near the 55600 level with overall bias maintained with a cautious approach and anticipating fresh developments in the coming sessions, which shall decide the further directional move of the index. The index has been precariously placed and would need a decisive move above the 56000 zone, as mentioned earlier, to turn the bias positive and, at the same time, would need to sustain the near-term support positioned near the 55000 level to maintain the overall trend intact," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding intraday stocks for today, Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended four stocks to buy under ₹ 100: ESAF Small Finance Bank, Sat Industries, Imagicaaworld Entertainment, and Morepen Laboratories. 1] ESAF Small Finance Bank: Buy at ₹ 30.15 to ₹ 31.15, Targets ₹ 32.50, ₹ 34, ₹ 36, Stop Loss ₹ 28.80; and 2] Sat Industries: Buy at ₹ 96.25 to ₹ 97.25, Targets ₹ 99, ₹ 102, ₹ 105, Stop Loss ₹ 94.50. 3] Imagicaaworld Entertainment: Buy at ₹ 66.25, Target ₹ 69.50, Stop loss ₹ 64.50. 4] Morepen Laboratories: Buy at ₹ 60, Target ₹ 63.50, Stop Loss ₹ 58.50.
Mint
a day ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 20 June 2025
Stocks to buy under ₹ 100: Amid rising geopolitical tension caused by the Israel-Iran war, the Indian stock market extended its downside trend for the third straight session on Thursday. The Nifty 50 index ended 18 points lower at 24,793, the BSE Sensex finished 82 points lower at 81,361, while the Bank Nifty index corrected 251 points and closed at 55,577. Tata Consumer, Eicher Motors, and M&M emerged as top performers on the Nifty. Conversely, Adani Ports, Bajaj Finance, and Shriram Finance concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were lower by 23% compared to the average volumes of the last ten days. Across sectors, the selling pressure was widespread. Barring Nifty Auto, all other sectoral indices ended in the red. Nifty PSU Banks, Media, Realty, Metal, and IT witnessed the most significant declines. The Nifty Midcap and Smallcap Indices witnessed considerable selling pressure, with the Nifty Midcap 100 Index plummeting by 1.63%, while the Nifty Smallcap 100 Index plunged by 2%. Market breadth remained weak for the seventh consecutive day, with declining stocks sharply outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.32, the lowest since 06 May. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index amid the geopolitical tensions has managed to show resilience sustaining near the 24,800 zone for quite some time with very narrow movement witnessed as of now and currently is precariously placed having the crucial and important support zone positioned at 24,500 and at the same time, would need a decisive move above the 25,200 to anticipate for further fresh upward move." "The Bank Nifty index witnessed some profit booking from near the 56000 zone and closed near the 55600 level with overall bias maintained with a cautious approach and anticipating fresh developments in the coming sessions, which shall decide the further directional move of the index. The index has been precariously placed and would need a decisive move above the 56000 zone, as mentioned earlier, to turn the bias positive and, at the same time, would need to sustain the near-term support positioned near the 55000 level to maintain the overall trend intact," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding intraday stocks for today, Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended four stocks to buy under ₹ 100: ESAF Small Finance Bank, Sat Industries, Imagicaaworld Entertainment, and Morepen Laboratories. 1] ESAF Small Finance Bank: Buy at ₹ 30.15 to ₹ 31.15, Targets ₹ 32.50, ₹ 34, ₹ 36, Stop Loss ₹ 28.80; and 2] Sat Industries: Buy at ₹ 96.25 to ₹ 97.25, Targets ₹ 99, ₹ 102, ₹ 105, Stop Loss ₹ 94.50. 3] Imagicaaworld Entertainment: Buy at ₹ 66.25, Target ₹ 69.50, Stop loss ₹ 64.50. 4] Morepen Laboratories: Buy at ₹ 60, Target ₹ 63.50, Stop Loss ₹ 58.50. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
2 days ago
- Business
- Business Standard
ESAF Small Finance Bank soars after board clears Rs 735 Cr bad loan sale to ARC
ESAF Small Finance Bank rallied 7.89% to Rs 32.80 after the bank's board approved a major clean-up of its balance sheet by offloading bad loans worth Rs 735.18 crore to an Asset Reconstruction Company (ARC). The loan pool includes Rs 362.43 crore in non-performing assets (NPAs) and Rs 372.75 crore in technically written-off loans. The bank has already made a 90.15% provision against this pool, indicating limited impact on profitability. The board has authorized its Asset Sale Committee of Executives to oversee and complete all procedural formalities related to the transaction. The move is aimed at strengthening the banks asset quality and improving overall operational efficiency. Kerala-based ESAF Small Finance Bank commenced its banking operations in March 2017. It has a network of 787 banking outlets, 1106 customer service centres, 34 institutional business correspondents, 4,405 banking agents, 735 business facilitators and 693 ATMs spread across 26 states and 2 union territories. The bank reported a standalone net loss of Rs 183.19 crore in Q4 FY25 compared with a net profit of Rs 43.35 crore in Q4 FY24. Total income fell 9.99% YoY to Rs 1,036.78 crore in Q4 FY25.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Small-cap lender soars 11%, posts steepest gain in 16 months; here's why
Shares of ESAF Small Finance surged over 11 per cent on Thursday after its board approved the sale of ₹735 crore worth of non-performing and written-off loans to asset reconstruction companies (ARCs). The small finance bank's stock rose as much as 11.4 per cent during the day to ₹34 per share, the biggest intraday gain since February 7, 2024. The stock pared gains to trade 8.9 per cent higher at ₹33.2 apiece, compared to a 0.10 per cent advance in Nifty 50 as of 9:36 AM. Shares of the company snapped a seven-day losing streak, having fallen over 11 per cent until Wednesday's session, from their recent peak of ₹33 apiece, touched earlier this month. The counter has fallen 21 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. ESAF Small Finance has a total market capitalisation of ₹1,691.12 crore. ESAF Bank to sell ₹735 crore in NPAs In an exchange filing on Wednesday, the lender said that its board has approved the sale of ₹735 crore worth of non-performing and written-off loans to ARCs. Of the ₹735 crore, ₹362.43 crore are non-performing loans, while ₹372.75 crore are technically written-off loans. The bank said it is carrying an overall provision of 90.15 per cent against these assets, it said in the statement. Previously, ARC acquired Ujjivan Small Finance Bank's non-performing microfinance portfolio of ₹365.5 crore for ₹34.26 crore, translating into a recovery of just 9.39 per cent, or a haircut of over 90 per cent for the lender. Major banks and microfinance-focused non-banking financial companies (NBFCs) have reported a sharp rise in delinquencies in this segment. As a result, several lenders have started selling off their stressed loan portfolios to asset reconstruction companies. ESAF Small Finance Bank Q4 results ESAF Small Finance Bank reported a net loss of ₹183.19 crore for the quarter ended March 2025, compared with a net profit of ₹43.35 crore in the corresponding quarter of the previous year. Total operating income declined by 10.83 per cent to ₹893.44 crore in the March 2025 quarter, from ₹1,002.00 crore in the March 2024 quarter. About ESAF SFB The Bank received a license to carry on business as an SFB from the Reserve Bank of India (RBI) on November 18 2016, and commenced its banking operations from 10 March 2017. As per RBI approval, the bank became a Schedule Bank effective from November 12 2018, which was included in the Second Schedule to the Reserve Bank of India Act 1934. The Bank is one of the leading small finance banks in India, which provides micro retail and corporate banking, para banking activities such as debit card third-party financial product distribution, in addition to Treasury and permitted Foreign Exchange Business.
News18
2 days ago
- Automotive
- News18
ESAF Small Finance Bank Jumps 11% After Board Clears Rs 735-Crore NPA Sale To ARC
Last Updated: ESAF Small Finance Bank shares surged over 11% on Thursday to hit an intraday high of Rs 33.83 on the BSE ESAF Small Finance Bank shares surged over 11% on Thursday to hit an intraday high of Rs 33.83 on the BSE, after the Thrissur-based lender announced board approval for a major asset sale. The bank will offload a pool of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC). The sale includes Rs 362.43 crore in non-performing assets (NPAs) and Rs 372.75 crore in technically written-off accounts. ESAF SFB noted it has provisioning coverage of 90.15% against the total pool. The board has authorised the Asset Sale Committee of Executives to execute the necessary formalities. However, the name of the ARC and detailed terms of the transaction were not disclosed. In a separate development, ESAF Small Finance Bank also announced a strategic tie-up with Maruti Suzuki India to offer retail financing solutions. The two companies signed a memorandum of understanding (MoU) to finance new and used cars, as well as commercial vehicles. The partnership aims to enhance vehicle ownership opportunities, particularly for first-time buyers in tier-II and tier-III cities, by combining Maruti Suzuki's dealer network with ESAF SFB's lending capabilities. From a technical perspective, the stock's Relative Strength Index (RSI) stands at 43.8, suggesting it is neither overbought nor oversold. The MACD is positive at 0.7 but remains below the signal line. ESAF shares are trading below their 10-day, 20-day, and 200-day simple moving averages, but above the 50-day and 100-day SMAs. Over the past three months, the stock has gained around 13.5%, although it remains down 43% over the past year. ESAF Small Finance Bank currently commands a market capitalisation of approximately Rs 1,566.9 crore. ESAF Small Finance Bank, headquartered in Thrissur, Kerala, is a leading small finance bank in India focused on promoting financial inclusion, especially in rural and underserved areas. Originating as a microfinance NGO in 1992, ESAF transitioned into a full-fledged small finance bank in 2017. With over 770 branches across 24 states and a customer base exceeding 8 million, the bank offers a range of products including retail, MSME, agri, gold, and vehicle loans. Known for its strong rural presence—well above RBI's mandated 25% rural lending threshold—ESAF combines physical outreach with digital services. As of FY25, the bank reported strong deposit growth and maintained a healthy CASA ratio, despite recent asset quality challenges. ESAF is also eyeing future transformation into a universal bank, contingent on improving its asset quality and operational metrics. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
