Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

Read More

A Tiny Technology Stock Ready To Explode On The Upside

Investors focusing too much attention on large technology stocks like Apple, Google, and Microsoft have perhaps missed a tiny technology company ready to explode on the upside, Universal Display, as Qualcomm’s stock did back in the 1990s and the early 2000s. Universal Display is up 582% over the last five years. And that may be just the beginning. Universal Display and Qualcomm are in different segments of the technology industry. Universal is a developer and manufacturer of organic light-emitting diode technologies and materials. It also provides services to the display and lighting industries….

Read More