Dhanlaxmi Bank

Gold Loan Companies: Gold loan companies slip as RBI orders corrective measures for lapses

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Gold Loan Companies: Gold loan companies slip as RBI orders corrective measures for lapses

Mumbai: Shares of gold loan companies lost sheen on Tuesday after the Reserve Bank of India (RBI) called for these companies to take corrective measures for the lapses in loan sanctioning practices in the next three months. Muthoot Finance fell 3.9% and Manappuram Finance declined 1.9% as analysts see the central bank’s action weighing on … Read more

Sanjiv Bhasin | Sanjiv Bhasin stocks: We have turned overweight on FMCG and technology; will add on dips: Sanjiv Bhasin

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Sanjiv Bhasin | Sanjiv Bhasin stocks: We have turned overweight on FMCG and technology; will add on dips: Sanjiv Bhasin

Sanjiv Bhasin, Director, IIFL Securities, says “three sectors – autos, specialty chemicals and metals or commodities are going to be the play from China. China has seen a re-rating and we have seen a strong accumulation. In fact, some FIIs have now started to sell here and buy some of the Chinese, particularly these three … Read more