SG Finserve Limited (SGFIN) has announced its impressive financial performance for the first half of FY27. The company closed H1-FY27 with a loan book of approximately INR 5,694 crores, marking a robust year-on-year growth of ~98%.

Strong Year-on-Year Growth

The significant growth in the loan book is a testament to SGFIN’s strong business momentum. Compared to the same period last year, the loan book has expanded by a remarkable 98%. This growth reflects the company’s ability to leverage its extensive network and technological capabilities to provide tailored financing solutions to corporate and MSME customers.

Quarter-on-Quarter Growth

Moreover, SGFIN has demonstrated impressive quarter-on-quarter growth, with a ~25% increase in the loan book from June 30, 2026, to September 30, 2026. This consistent growth highlights the company’s capacity to attract and retain a growing customer base.

As a result, SG Finserve Limited continues to reinforce its position as a reliable and strong financial institution, with an AA-/Stable/A1+ rating from CRISIL and AA(CE)/Stable/A1+ rating from ICRA. The company remains committed to delivering exceptional financial services through its digital first, supply chain-focused approach.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of SG Finserve Limited

SG Finserve Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

SG falls 8.6% over three months and has not found a floor yet. The PEG of 0.25 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E of 1.37 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. The stock holds at 70% of its 52-week range with RSI at 37. In other words, neither side has a clear edge right now. Revenue grows at 102.3% and profits at 90.7% CAGR, with D/E of 1.37. Meanwhile, the stock dips 8.6% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of SG Finserve Limited.

Indian Energy Exchange Limited (IEX) announced today that its wholly owned subsidiary, Indian Coal Exchange Limited, has applied for a licence with the Coal Controller Organisation (CCO). This move marks a significant expansion of IEX’s energy markets footprint.

Expansion into Coal Market

Indian Coal Exchange Limited, incorporated on June 1, 2026, with an authorised share capital of Rs 100 crore, will be a physical delivery-based coal trading exchange. It aims to provide an organised, transparent, and technology-enabled marketplace for coal trading in accordance with the Coal Exchange Rules, 2026.

Facilitating Efficient Trades

By bringing buyers and sellers together on a single, neutral platform, Indian Coal Exchange will facilitate trades at designated delivery points, enabling efficient price discovery and wider market access. This initiative is backed by IEX’s 18 years of experience in building transparent, technology-driven, and market-based trading platforms.

Complementing IEX’s electricity market business, the Indian Gas Exchange (IGX), and its role in facilitating I-REC issuance in India, Indian Coal Exchange will further broaden the group’s energy market offerings across the energy value chain.

As a result, IEX is poised to enhance its position as a leading player in the energy sector, providing a comprehensive and integrated trading platform for various energy commodities.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indian Energy Exchange Limited

Indian Energy Exchange Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Indian falls 9.8% over three months and has not found a floor yet. D/E stands at 0.01 with a 3.60% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. Industry-leading margins of 66.2% reflect exceptional pricing power and operational efficiency. Sellers drive 1.7x the volume of buyers. Furthermore, they controlled 21 of recent sessions versus 7 for buyers — a clear distribution signal. Revenue grows at 15.4% and profits at 17.2% CAGR — a genuinely strong business. Nevertheless, the stock drops 9.8% in three months. The market sells the stock, not the story. Watch whether that changes at the next earnings. Check Fundamentals of Indian Energy Exchange Limited.

Motilal Oswal Financial Services Limited (MOTILALOFS) has received a custodian license from the Securities and Exchange Board of India (SEBI), marking a significant milestone for the company. This approval was granted to Motilal Oswal Custodial Services Private Limited (MOCSPL), a wholly-owned subsidiary of MOTILALOFS. The license enables MOCSPL to offer safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting for institutional clients.

Expansion of Institutional Services

This regulatory approval is a strategic move that extends the group’s institutional franchise, which already includes institutional equities, wealth management, asset management, private wealth, investment banking, alternates, and home finance. The addition of custody services allows the company to offer execution, custody, and post-trade servicing within a single institutional relationship, thereby enhancing its service offerings to clients.

Operational Excellence

Mr. Motilal Oswal, Group CEO & Co-founder of MOTILALOFS, emphasized the importance of custody in the rapidly expanding institutional asset pools in India. He stated, ‘Custody forms the backbone of this growth. Our entry into this sector is driven by a strong belief that institutional capital needs a solid domestic market infrastructure that meets the highest global standards.’ The company plans to commence operations in the last quarter of 2026, subject to the completion of operational readiness requirements.

MOTILALOFS will prioritize operational excellence to meet the precision, swift responsiveness, and transparency demanded by institutional clients. The company aims to build the business with technology at its core and with teams that understand the specific requirements of alternative funds, offshore investors, and domestic institutions alike.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Motilal rises 10.2% over three months, with buying pressure holding steady. D/E of 1.32 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Premium net margins of 23.0% demonstrate strong cost discipline and a wide competitive moat. Buyers show up with 2.1x the volume of sellers. Moreover, they dominated on 18 of recent sessions versus 12 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 29.1%, profits at 26.1%, and the PEG sits at 1.24 — below its growth rate. That combination is rare. Check Fundamentals of Motilal Oswal Financial Services Limited.