US Stock Reports, Quotes and News
Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”