Latest news with #Chowdhury
Economic Times
a day ago
- Business
- Economic Times
Can HDB Financial Services maintain its momentum after a strong IPO listing?
Mumbai: HDB Financial Services made its debut Wednesday on bourses at ₹835, a premium of 13% over its issue price of ₹740 on NSE. The stock closed 0.6% higher at ₹840.25. ADVERTISEMENT The IPO comprised a fresh issue of ₹2,500 crore with an offer for sale of ₹10,000 crore by HDFC Bank. HDB Financial Services is the most subscribed billion-dollar IPO since the Zomato issue four years ago, and the largest non-banking financial company (NBFC) IPO so far. Analysts said investors can choose to hold the stock from a long-term view of 2-3 years while fresh investors can wait for dips to buy. "The listing was better than expected primarily due to better market sentiment led by investors relying on HDFC Bank's strong parentage," said Manish Chowdhury, head of research, StoxBox. "The listing gains were capped due to sluggish FY25 performance, especially on margin and asset quality fronts."Investors can choose to hold for a period of one year and fresh investors can wait on sidelines for the quarter results and take cues from the management commentary, he said. "While Bajaj Finance is trading at higher levels compared to HDB Financial Services, the other NBFC players are trading at cheaper valuations," said Chowdhury. ADVERTISEMENT HDB Financial's IPO was subscribed 16.69 times on the final day of bidding on qualified institutional buyers (QIBs) portion was subscribed 55.47 times, while the non-institutional investors (NIIs) or high-net-worth individuals' portion and the retail investors portion were subscribed at 9.99 times and 1.41 times, respectively. ADVERTISEMENT The NBFC's market capitalisation on Wednesday was Rs 69,704.3 crore while the market value of its largest peer, Bajaj Finance stood at Rs 5.73 lakh crore. Analysts said the company's peer Bajaj Finance has been able to maintain high growth and high asset quality which HDB hasn't been able to achieve. 'Investors are advised to exit post listing gains as the company's financials aren't that great relative to its peers,' said Dharmesh Kant, head of research, Cholamandalam Securities. 'While other NBFC stocks are expensive, the relative growth trajectory is also likely to be better which makes them a better bet.' Despite good issue price, HDB Financial Services needs to demonstrate strong growth in consumer finance which makes up almost 24% of its book and remains a grey area for the company,' he said ADVERTISEMENT Kant said investors can wait for a better opportunity to buy HDB Financial services and also for the other NBFCs where the valuations have not cooled off yet. Emkay Global initiated coverage on the stock with a 'Buy' rating and target price of Rs 900-implying an upside potential of 7.11% from Wednesday's closing price. Analysts said investors can hold the stock from a 2-3-year perspective as HDB Financial Services is a structurally constructive bet. 'Despite trading at a discount to Bajaj Finance and Cholamandalam Finance, HDB Financial Services is an upper layer NBFC that offers a well-diversified portfolio and a granular loan book that makes it a long term buy for new investors as well,' Shweta Daptardar, VP — institutional equity research, Elara Securities. ADVERTISEMENT Daptardar said fresh investors can accumulate on dips as no returns are expected on an immediate basis, however, no sizable corrections are likely as higher liquidity and low-interest rate scenarios offer better landscape for NBFCs such as HDB Financial Services. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Can HDB Financial Services maintain its momentum after a strong IPO listing?
Mumbai: HDB Financial Services made its debut Wednesday on bourses at ₹835, a premium of 13% over its issue price of ₹740 on NSE. The stock closed 0.6% higher at ₹840.25. The IPO comprised a fresh issue of ₹2,500 crore with an offer for sale of ₹10,000 crore by HDFC Bank . HDB Financial Services is the most subscribed billion-dollar IPO since the Zomato issue four years ago, and the largest non-banking financial company (NBFC) IPO so far. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 17 Foods That Should Never Be Placed in the Refrigerator Car Novels Undo Analysts said investors can choose to hold the stock from a long-term view of 2-3 years while fresh investors can wait for dips to buy. "The listing was better than expected primarily due to better market sentiment led by investors relying on HDFC Bank's strong parentage," said Manish Chowdhury, head of research, StoxBox. "The listing gains were capped due to sluggish FY25 performance, especially on margin and asset quality fronts." Investors can choose to hold for a period of one year and fresh investors can wait on sidelines for the quarter results and take cues from the management commentary, he said. Live Events "While Bajaj Finance is trading at higher levels compared to HDB Financial Services, the other NBFC players are trading at cheaper valuations," said Chowdhury. HDB Financial's IPO was subscribed 16.69 times on the final day of bidding on Friday. The qualified institutional buyers (QIBs) portion was subscribed 55.47 times, while the non-institutional investors (NIIs) or high-net-worth individuals' portion and the retail investors portion were subscribed at 9.99 times and 1.41 times, respectively. The NBFC's market capitalisation on Wednesday was Rs 69,704.3 crore while the market value of its largest peer, Bajaj Finance stood at Rs 5.73 lakh crore. Analysts said the company's peer Bajaj Finance has been able to maintain high growth and high asset quality which HDB hasn't been able to achieve. 'Investors are advised to exit post listing gains as the company's financials aren't that great relative to its peers,' said Dharmesh Kant, head of research, Cholamandalam Securities. 'While other NBFC stocks are expensive, the relative growth trajectory is also likely to be better which makes them a better bet.' Despite good issue price, HDB Financial Services needs to demonstrate strong growth in consumer finance which makes up almost 24% of its book and remains a grey area for the company,' he said Kant said investors can wait for a better opportunity to buy HDB Financial services and also for the other NBFCs where the valuations have not cooled off yet. Emkay Global initiated coverage on the stock with a 'Buy' rating and target price of Rs 900-implying an upside potential of 7.11% from Wednesday's closing price. Analysts said investors can hold the stock from a 2-3-year perspective as HDB Financial Services is a structurally constructive bet. 'Despite trading at a discount to Bajaj Finance and Cholamandalam Finance, HDB Financial Services is an upper layer NBFC that offers a well-diversified portfolio and a granular loan book that makes it a long term buy for new investors as well,' Shweta Daptardar, VP — institutional equity research, Elara Securities. Daptardar said fresh investors can accumulate on dips as no returns are expected on an immediate basis, however, no sizable corrections are likely as higher liquidity and low-interest rate scenarios offer better landscape for NBFCs such as HDB Financial Services.
Technical.ly
3 days ago
- Business
- Technical.ly
Tech training program Per Scholas to open North Philly location after 5 years in the city
Power Moves is a recurring series where we chart the comings and goings of talent across the region. Got a new hire, gig or promotion? Email us at philly@ Tech education is in the spotlight this month with new classes and top awards. Workforce development org Per Scholas will expand its Philly offerings and computer science educators in the region received recognition for their work. PACT also honored leaders at its annual Enterprise Awards, acknowledging the accomplishments of tech and life sciences companies in the region. Check out all the details and more power moves below the chart, where we look at the top 10 desirable skills for jobs right now and how many job postings request each skill. Per Scholas to open a North Philly campus Tech workforce development program Per Scholas celebrated five years in Philadelphia, announcing at its May anniversary event that it would open a satellite campus in North Philly in November. Per Scholas is partnering with OIC Philadelphia, a local workforce development org, which already provides career and financial services at its North Broad Street location, said Joshua Park, managing director of Per Scholas Philadelphia. 'We have this opportunity now to go join [OIC Philadelphia] and be their tech training partner,' Park told 'Their doors are open to that community. They're trusted in that community.' With a dedicated classroom and teaching assistant, Per Scholas plans to offer IT support training at the satellite campus. Students will be in a hybrid class with the main campus in Center City. Computer science's top teachers of 2025 CS4Philly named Raheem Chowdhury and Maureen Brown as the winners of this year's Computer Science Teacher Awards. Chowdhury won the Early Achievement Award. For the last three years, he has been leading a computer science career pathway program at Olney High School. A School District of Philadelphia graduate himself, Chowdhury told there weren't many computer science opportunities when he went through the school system. Now, he thinks students recognize the importance of technology in education, he said. 'We have students who want to learn it. They're curious. They want to build opportunities for their future,' he said. 'Everyone on my team is really supportive of our goal of getting as many kiddos into computer science classes as we can so that we can help create a more diverse technical workforce afterwards.' Brown won the Sustained Impact Award, recognizing her decades of service as an educator. After teaching digital literacy at the elementary level for her first 20 years, Brown moved into the role of instructional technology integration specialist in the district's Office of Educational Technology, where she coaches teachers and students about using technology. With a total of 36 years working in the school district, Brown has seen everything from the first iterations of computer labs to the evolution of students playing with robots, she said. 'We've gone from being an end user to a developer,' Brown said. 'It's not just about using something that somebody else invented, now. Kids are making their own apps. Kids are coding. Kids are using all these different tools to produce and not just consume. So it's really come full circle.' PACT celebrates annual Enterprise Awards The Philadelphia Alliance for Capital and Technologies (PACT) hosted its 32nd annual Enterprise Awards in May, recognizing top life sciences, healthcare and technology companies in the region. BioAnalysis, Integrated Reality Labs, Ghost Robotics, NeuroFlow, Spirovant Sciences and Boomi all took home awards. Plus, FS Investments' Michael Forman was recognized with the Legend Enterprise Award for Lifetime Achievement. 'These winners represent the bold ideas, resilient leadership, and groundbreaking innovation that define the Philadelphia region,' said Dean Miller, CEO of PACT. 'The Enterprise Awards continue to spotlight the visionaries who are building the future of our economy and transforming industries.' Startup power moves: The University City Science Center announced its eighth cohort of the Capital Readiness program. Ten companies from across the country participated in a weeklong bootcamp in Philadelphia, meeting with investors and other healthtech stakeholders. Fintech startup AIlocations rebranded to New Issue IQ. The 2025 RealLIST Startup honoree developed a platform that collects data to help investors make decisions. Florida-based healthtech company PaceMate appointed Philly-based JR Finkelmeier as its next CEO. Finkelmeier was previously the company's chief commercial officer. PACT welcomed Tori Chamberlain as its new membership coordinator and Ayannah Kamryn as its new manager of signature events. King of Prussia-based electric vehicle charging company InductEV is expanding its partnership with Sweden-based Business Region Gothenburg and Svenska Mässan Gothia Towers. After a three-year pilot, InductEV's charging stations will become permanent and more will be installed in the region. Ernst & Young selected ZeroEyes CEO and co-founder Mike Lahiff as the 2025 Entrepreneur of the Year in the Greater Philadelphia region. Academic power moves: University College at Temple University is partnering with Ziplines Education to offer online certificate programs for digital marketing, business analytics, product management, Salesforce administration, AI prompting and advanced AI workflows. Montgomery County Community College won Innovation of the Year from the international org League for Innovation in the Community College for its Virtual Reality for Public Speaking Skills project. Lifeguarding game Boast Guards won Drexel University's College of Computing and Informatics senior project showcase. University of Pennsylvania researchers Carl June and Bruce Levine won the 2025 Richard N. Merkin Prize in Biomedical Technology along with Isabelle Rivière and Michel Sadelain for their work developing CAR T-cell therapy. More power moves: Biomedical research center the Wistar Institute selected six biotechnology students from Montgomery County Community College to attend its biomedical technician training program this summer. The three-part program involves two weeks of training, five weeks in an academic research lab and five weeks in an industry lab. Also, Joshua Friedman joined the Board of Trustees at the Wistar Institute. Friedman is the senior vice president of clinical development at Massachusetts-based Spyre Therapeutics. The Federal Reserve Bank of Philadelphia appointed Bill Wafford to its Economic and Community Advisory Council. Wafford is the chief administrative officer and chief financial officer of QVC Group. Panas Kollas, CEO of Wilmington-based public benefit corporation UNISCRAP, is a 2025 Philadelphia Titan 100 honoree. This list recognizes accomplished CEOs and executives in the region. The Chamber of Commerce of Greater Philadelphia announced this year's Civic 50 Greater Philadelphia, a list of local, 'community-minded' employers. Ben Franklin Technology Partners of Southeastern Pennsylvania, Bentley Systems and GSK are among this year's honorees. Martin Snyder, a former RealLIST Engineer, started a new position as president of data science software at Certara.
Time of India
25-06-2025
- Health
- Time of India
Tripura sees 13% decrease in road traffic accidents
The number of road traffic accidents in Tripura has decreased by over 13 per cent this year compared to the previous year, state transport minister Sushanta Chowdhury said. This announcement came after a Road Safety Council meeting on Tuesday. Chowdhury attributed this improvement to the efforts of enforcement agencies and the increased awareness among citizens about following traffic rules. Tripura Police's traffic unit has been effective in monitoring and reducing accident cases, which the minister noted has led to positive outcomes. He also mentioned that Tripura plans to implement a central scheme for cashless treatment of accident victims. This scheme will allow victims to receive up to Indian rupee 1.5 lakh in cashless treatment at designated hospitals. The scheme is designed to save lives by providing immediate medical support to road accident victims, ensuring they receive prompt treatment during the critical "golden hour" after an accident. The state transport department will oversee the implementation, covering emergency medical expenses and offering financial aid to accident victims. Agartala: The number of road traffic accidents in Tripura has decreased by over 13 per cent this year compared to the previous year, state transport minister Sushanta Chowdhury said. This announcement came after a Road Safety Council meeting on Tuesday. Chowdhury attributed this improvement to the efforts of enforcement agencies and the increased awareness among citizens about following traffic rules. Tripura Police's traffic unit has been effective in monitoring and reducing accident cases, which the minister noted has led to positive outcomes. He also mentioned that Tripura plans to implement a central scheme for cashless treatment of accident victims. This scheme will allow victims to receive up to Indian rupee 1.5 lakh in cashless treatment at designated hospitals. The scheme is designed to save lives by providing immediate medical support to road accident victims, ensuring they receive prompt treatment during the critical "golden hour" after an accident. The state transport department will oversee the implementation, covering emergency medical expenses and offering financial aid to accident victims.
Time of India
24-06-2025
- Automotive
- Time of India
Over 13% drop in Tripura road accidents: Minister
Agartala: The number of road traffic accidents in Tripura has decreased by over 13% this year compared to the previous year, state transport minister Sushanta Chowdhury said. This announcement came after a Road Safety Council meeting on Tuesday. Chowdhury attributed this improvement to the efforts of enforcement agencies and the increased awareness among citizens about following traffic rules. Tripura Police's traffic unit has been effective in monitoring and reducing accident cases, which the minister noted has led to positive outcomes. He also mentioned that Tripura plans to implement a central scheme for cashless treatment of accident victims. This scheme will allow victims to receive up to Rs 1.5 lakh in cashless treatment at designated hospitals. The scheme is designed to save lives by providing immediate medical support to road accident victims, ensuring they receive prompt treatment during the critical "golden hour" after an accident. The state transport department will oversee the implementation, covering emergency medical expenses and offering financial aid to accident victims. You Can Also Check: Guwahati AQI | Weather in Guwahati | Bank Holidays in Guwahati | Public Holidays in Guwahati Agartala: The number of road traffic accidents in Tripura has decreased by over 13% this year compared to the previous year, state transport minister Sushanta Chowdhury said. This announcement came after a Road Safety Council meeting on Tuesday. Chowdhury attributed this improvement to the efforts of enforcement agencies and the increased awareness among citizens about following traffic rules. Tripura Police's traffic unit has been effective in monitoring and reducing accident cases, which the minister noted has led to positive outcomes. He also mentioned that Tripura plans to implement a central scheme for cashless treatment of accident victims. This scheme will allow victims to receive up to Rs 1.5 lakh in cashless treatment at designated hospitals. The scheme is designed to save lives by providing immediate medical support to road accident victims, ensuring they receive prompt treatment during the critical "golden hour" after an accident. The state transport department will oversee the implementation, covering emergency medical expenses and offering financial aid to accident victims.
