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At the end of January, credit card outstanding in India stood at Rs 1,86,783 crore.

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MMFSL has partnered with Car&Bike and Rupyy for these loans.

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Torrent was the highest bidder in the previous round of the auction, which ended on December 21, offering Reliance Capital an upfront payment of Rs8,640 crore.

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Incidentally, the Union Budget (on paper) has been rather positive for the capital markets, although that cannot be judged by short term sentiments.

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Recommendation: BUY; Target Price: Rs 3085

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Hinduja Group will increase its stake to 26%.

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Any budget needs to be evaluated in the light of the expectations and it must be said that the expectations ahead of Union Budget 2023-24 were quite extravagant (for want of a better word).

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Most term it a positive budget.

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Analysts of IIFL Capital Services believe power impact of the budget announcements on the rating agencies sector.

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Profit in the quarter at Rs 3,691 crore.

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(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

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+91 9892691696

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Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099

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