Subscribe to get Updates
  • Login
Digital Horse LaKaHa
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use
HealthNews
No Result
View All Result
Home Business Stock

DHFL stock slumps 32% after organization reviews quarterly loss

Natasha Gonzalez by Natasha Gonzalez
March 4, 2023
in Stock
0

Mumbai: Shares of Dewan Housing Finance Ltd (DHFL) on Monday slumped over 32% to hit a six-yr low after the enterprise said a loss for the March region and warned that its economic situation changed into so grim that it could not continue to exist. At eleven.45 am, the inventory has fallen over 32% to ₹34 — a level remaining visible on 6 May 2009, at the BSE. The lender has misplaced almost 75% of its marketplace value thus far this yr in opposition to the 7.Five% benefit in the benchmark Sensex index at some point in the duration.

On Saturday, the enterprise mentioned a loss of ₹2,223 crores for the March sector, its first loss when you consider that June 2008, as opposed to net earnings of ₹134 crores 12 months ago. Gross non acting asset (NPA) superior 2.Seventy four% in 1 / 4 against 0.96% final year same zone. The business enterprise stated it’s miles in a complicated level of submitting its resolution manner beneath the inter-creditor agreement as entered into via banks. The inter-creditor settlement will observe and company up to the decision manner’s phrases by using 25 July and make it operational earlier than 25 September, the lender knowledgeable the exchanges.

 

DHFL stock slumps 32% after organization reviews quarterly loss 1

 

“The system of identifying a strategic investor is likewise nearing finishing touch that allows you to deliver in an equity investor into DHFL to bolster its capital base. The board can be reconvening within the subsequent two weeks to look through the ability proposals and will determine consequently at the manner ahead”, the business enterprise said. “The joint lender forum has also considered the need for recommencement of the commercial enterprise through DHFL and start originating new home loans. Banks would allow the infusion of necessary liquidity into the system. It is predicted that DHFL may be able to restart its enterprise in August 2019 and scale it up within the months ahead,” it brought.

Telecom Regulatory Authority of India’s (Trai’s) contemporary performance indicator document has combined telecom buyers’ information. Consumer spends on telecom services, which were falling for several quarters, have stabilized these days. But even as telecom organizations hold on to tariffs and keep sales, the volume boom came off drastically inside the March area. First, the best news on revenue. Aggregate customer spending on cell offerings, consisting of items and services tax, stood at around ₹35,000 crores in the sector ended March, keeping with an evaluation using Kotak Institutional Equities. This interprets an annual spend of ₹1—four trillion, 5% better than the lows of ₹1.34 trillion in the September 2018 zone.

The stabilization in sales comes at the again of strong pricing and minimum recharge plans for pre-paid users. None of the important gamers have introduced any cuts of their price lists from February 2019, points out India Ratings and Research Pvt. Ltd Revenue traits are unlikely to see major trade in the lately concluded June quarter. Both Bharti Airtel Ltd and Vodafone Idea Ltd are predicted to report strong sales evaluation to the March area. “Overall, our diagnosis is that of a steady quarter with Bharti reporting a modest 1.6% sequential boom in wireless sales and Vodafone Idea reporting a flattish sales print, largely at the back of a wider variety of days within the June zone versus March,” analysts at Kotak stated in an effects preview notice.

The stable sales state of affairs but does not mean the industry’s demanding situations are behind it. The March region enterprise internals also show an easing of quantity increase. Industry voice volumes grew simply 18% (YoY), the slowest because of the business launch of Mukesh Ambani’s Reliance Jio, points out Kotak. 4G records utilization consistent with subscriber grew a modest 1.6% sequentially inside the March 2019 quarter, implying utilization is plateauing for many cellphone customers. In the preceding 3 quarters, the boom had stood at 2.Eight%, 5.Nine%, and 12.2%, respectively.

Previous Post

Keep a strict stop loss below 11,500 for all long positions

Next Post

Nektar Therapeutics Stock Poised for Significant Move

Natasha Gonzalez

Natasha Gonzalez

Web enthusiast. Alcohol fanatic. Communicator. Friendly creator. Friend of animals everywhere. Hipster-friendly social media geek. Skier, vegan, music blogger, Vignelli fan and front-end designer. Acting at the intersection of modernism and function to craft delightful brand experiences. My opinions belong to nobody but myself.

Next Post
Nektar Therapeutics Stock Poised for Significant Move

Nektar Therapeutics Stock Poised for Significant Move

No Result
View All Result

Latest Post

New Music Friday: Our Top 8 Albums Out On May three

New Music Friday: Our Top 8 Albums Out On May three

October 1, 2022
Saturday Sports: Portland Trail Blazers Defeat Denver Nuggets In 4 Overtime Periods

Saturday Sports: Portland Trail Blazers Defeat Denver Nuggets In 4 Overtime Periods

October 1, 2022
As Airbnb converted the journey area, a startup ecosystem evolved around it

As Airbnb converted the journey area, a startup ecosystem evolved around it

October 1, 2022
Manhattan Drink Recipe 

Manhattan Drink Recipe 

October 1, 2022
Buy the Latest Black Shirt Online For Men And Women

Buy the Latest Black Shirt Online For Men And Women

October 1, 2022
8 Dangerous Goods You May Not Know About

8 Dangerous Goods You May Not Know About

October 6, 2022

Subscribe Now

Loading

Today Trending

Top Free Things to Do in Auckland

Top Free Things to Do in Auckland

March 28, 2023
18 inch Pizzas! Make The Perfect Pizza For Your Party!

18 inch Pizzas! Make The Perfect Pizza For Your Party!

March 27, 2023
I Had Back Fat Removal and Feel More Confident Than Ever

I Had Back Fat Removal and Feel More Confident Than Ever

March 21, 2023

Trending Today

Gold Crowns – How to Earn Gold Crowns?

Gold Crowns – How to Earn Gold Crowns?

December 5, 2022
5 Types of Gold Bracelet Styles

5 Types of Gold Bracelet Styles

December 6, 2022
Avon Flea Market – How To Start An Avon Business Online

Avon Flea Market – How To Start An Avon Business Online

December 10, 2022

Popular Post

Top Free Things to Do in Auckland

Top Free Things to Do in Auckland

March 28, 2023
18 inch Pizzas! Make The Perfect Pizza For Your Party!

18 inch Pizzas! Make The Perfect Pizza For Your Party!

March 27, 2023
I Had Back Fat Removal and Feel More Confident Than Ever

I Had Back Fat Removal and Feel More Confident Than Ever

March 21, 2023

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service
  • Home
  • Privacy Policy
  • About Us
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Terms of Use

© 2020-2023 dhlkh - All Rights Reserved

No Result
View All Result
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use

© 2020-2023 dhlkh - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In