NORTHARC

** Motilal Oswal initiates coverage of Indian diversified financial services company Northern Arc Capital at "Buy" with PT of 360 rupees; stock rises 2.85%

** Co's strategic pivot to D2C lending has expanded margins and improved profitability - brokerage

** Its core intermediate retail lending business, where it supports lending activities of other lenders, provides stability through diversified exposures - brokerage

** NORR's fund management and placement businesses also contribute recurring and largely risk-free income, while its proprietary tech stack helps it scale up and manage risk - brokerage

** YTD, NORR up 1.44%

(Reporting by Abhirami G in Bengaluru)

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Jan 30 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• RBI IMPOSES MONETARY PENALTY ON NORTHERN ARC CAPITAL LIMITED

• IMPOSES MONETARY PENALTY ON NORTHERN ARC CAPITAL

• IMPOSES MONETARY PENALTY OF 270,000 RUPEES ON NORTHERN ARC CAPITAL

Further company coverage: NORR.NS

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** Ambit Institutional Equities starts coverage on Northern Arc Capital Ltd NORR.NS with 'buy' rating, PT at 326 rupees
** NORR up 1.4% at 257.4 rupees
** Brokerage says market participants are underestimating prospects for improvement in NORR’s NIM and ROE due to the legacy wholesale mix of its loanbook and recent high credit costs

** Ambit's analysts point out since pivoting to more retail lending in FY22, ROE expanded 410 bps, projecting that continued transition to high-margin retail will drive 15.7% ROE by FY28
** NORR's long experience in placements and fund management will boost fee income, helping it absorb higher credit costs - Ambit
** Ambit says longer-term growth longevity levers exist in scaling up vehicle/affordable home finance
** NORR up ~17% YTD so far

(Reporting by Meenakshi Maidas in Bengaluru)

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June 11 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• NORTHERN ARC CAPITAL - APPROVAL FROM RESERVE BANK OF INDIA TO UNDERTAKE FACTORING BUSINESS

Source text: ID:nBSE9MzJP3

Further company coverage: NORR.NS

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** India's Quality Power Electrical Equipment QUAY.NS and DAM Capital Advisors DAMC.NS slide as much as 6.7% and 4.2%, respectively

** Lock-in period on 6% outstanding QUAY and DAMC shares expire, as per Nuvama

** QUAY down 23% vs 425 rupees IPO price (lists on Feb 24); DAMS down 22% vs 283 rupees after IPO price (lists on Dec 27)

** DAM Capital gets SEBI administrative warning on certain broking operations matters

** Lock-ins on 6 others expire, including Sanathan Textiles SNAT.NS, Northern ARC Capital NORR.NS, Samhi Hotels SAMH.NS

** SNAT down 3.2%, while NORR flat; other stocks up

** 72 lock-ins to expire from March 17 to May 30 but not all shares will be for sale as promoters hold sizeable stakes, Nuvama says

(Reporting by Vivek Kumar M)

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Oct 28 (Reuters) - Northern ARC Capital Ltd NORR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 976.7 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.85 BILLION RUPEES

Source text: ID:nBSEWpNb2

Further company coverage: NORR.NS

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