Wed, Feb 21, 2024 3:49 PM
Gillanders Arbu Consolidated December 2023 Net Sales at Rs 101.43 crore!
A Flip by Avya Verma
On Thursday, Indian indices likely to open flat. The GIFT Nifty was trading at 23,629.5 this morning. At close on November 13, the Sensex dropped 984.23 points, or 1.25%, to 77,690.95. The Nifty slipped 324.50 points, or 1.36%, to 23,559. Asian markets moved higher on Thursday, lifted by U.S. inflation data that added to hopes for another Federal Reserve rate cut next month.
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Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82% stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore. According to bulk deal data available on NSE, Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions.
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The stock of Aptus Value Housing Finance India has fallen by 18.5% over the past month amid weakness in the broader market despite posting double digit growth in disbursements and higher RoE for the September quarter. The lender is expected to report 25-30% growth in the assets under management (AUM) and net profit between FY24 and FY27.
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