Northern Arc Capital Limited (NORTHARC) has announced the first close of its Northern Arc Diversified Debt Fund, with commitments exceeding ₹400 crore from institutions, family offices, ultra-high-net-worth individuals (UHNIs), and high-net-worth individuals (HNIs). This fund is Northern Arc Investment Manager’s 15th private credit fund, a sector-agnostic Category II Alternative Investment Fund (AIF) focused on performing private credit opportunities. Rated AA(SO) by CareEdge Ratings, the fund targets a corpus of ₹1,500 crore, with an additional greenshoe option of ₹500 crore, taking its potential size to ₹2,000 crore, with a tenure of five years, the fund targets 16% XIRR.

Maturity of Northern Arc India Impact Fund

The announcement coincides with the maturity of Northern Arc India Impact Fund, which channelled global capital into financial inclusion opportunities across India. Over its tenure, the fund supported 60 businesses across credit cycles, with gross deployment of over ₹1398 crore at fund level, backed by investments from ultra-high-net-worth individuals (UHNIs), family offices, and domestic and global institutional investors.

Investor Confidence and Future Prospects

Commenting on the announcements, Ashish Mehrotra, Managing Director and Chief Executive Officer, Northern Arc Capital, said, “The first close of the Northern Arc Diversified Debt Fund reflects continued investor interest in private credit and its evolving role in sophisticated investment portfolios. The maturity of our Northern Arc India Impact Fund further demonstrates our experience in managing private credit investments across credit cycles. Together, these milestones reinforce our focus on disciplined credit selection, portfolio diversification, and risk management.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Northern Arc Capital Limited

Northern Arc Capital Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Northern moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.55 signals undervaluation relative to growth. It is a potential re-rating candidate. D/E reaches 2.87. High leverage in this environment is a material risk the market cannot ignore. The stock holds at 59% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 30.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Northern Arc Capital Limited.

Arman Financial Services Limited (NSE: ARMANFIN), a Gujarat-based Non-Banking Financial Company (NBFC), announced its financial results for the quarter ended 30th September 2026. The company reported a Profit After Tax (PAT) of INR 51 crore, marking a 544% year-on-year growth. This impressive performance is reflected across various financial metrics.

Key Financial Highlights

The consolidated Assets Under Management (AUM) stood at INR 3,209 crore, registering a growth of 51% year-on-year and 10% quarter-on-quarter. The company’s consolidated disbursements for Q2 FY27 stood at INR 818 crore, registering a growth of 72% year-on-year. The Net Total Income for Q2 FY27 stood at INR 235 crore, while the Pre-Provision Operating Profit (PPoP) stood at INR 95 crore.

Segment-wise Performance

In the MSME, Two-Wheeler, and Loan Against Property segments, the Assets Under Management (AUM) stood at INR 784 crore. The total disbursements for these segments stood at INR 164 crore in Q2 FY27. The Profit After Tax (PAT) improved by 95% year-on-year to INR 17 crore.

The microfinance segment, Namra, reported an AUM of INR 2,424 crore, registering a growth of 61% year-on-year. Disbursements during Q2 FY27 stood at INR 654 crore, supported by healthy traction in the Individual Loan segment. The Profit After Tax (PAT) stood at INR 34 crore in Q2 FY27, compared to a loss of INR 1 crore in Q2 FY26.

Commenting on the Company’s performance, Mr. Aalok Patel, Vice Chairman & Managing Director, Arman Financial Services said, “Q2 FY27 has been an important quarter for Arman, with our consolidated AUM crossing INR 3,000 crore for the first time and our highest-ever quarterly profit of INR 51 crore. More importantly, the improvement in the operating environment that we started seeing in the second half of FY26 has now continued for four consecutive quarters. We are seeing growth, improving profitability, and better asset quality at the same time. I believe this is a reflection of the changes we have made to our underwriting and collection practices over the past two years, particularly during what has been a very difficult period for the microfinance industry. Collection trends have remained largely stable across our operating geographies, fresh delinquencies have continued to decline, and overall repayment behaviour has improved. While the external environment has certainly helped, I believe a large part of this improvement is also attributable to the changes we have made internally. We continue to be very selective in our lending, and our

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Arman Financial Services Limited

Arman Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Arman falls 21.6% over three months and has not found a floor yet. Industry-leading margins of 30.8% reflect exceptional pricing power and operational efficiency. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 21, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 14.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Arman Financial Services Limited.

Sundaram Finance Limited (SUNDARMFIN) announced its unaudited standalone and consolidated financial results for the half year ended September 30, 2026. The company reported a robust performance with disbursements growing by 25% to Rs. 19,302 crores in H1FY27 compared to Rs. 15,423 crores in H1FY26. The assets under management (AUM) also grew by 19% to Rs. 65,992 crores as on September 30, 2026, up from Rs. 55,419 crores on September 30, 2025.

Disbursement and AUM Growth

Disbursements for H1FY27 grew by 28% in Q2FY27 to Rs. 10,355 crores compared to Rs. 8,113 crores in Q2FY26. The AUM growth was driven by strong performance across the group companies in asset management, general insurance, and home finance sectors.

Profit and Asset Quality

Profit after tax (PAT) for H1FY27 closed at Rs. 997 crores, up by 21% over H1FY26. The company maintained a strong asset quality with net stage 3 assets at 0.91% against 1.13% last year. Return on assets (ROA) for H1FY27 closed at 2.86% compared to 2.72% for H1FY26.

As the rate cycle turns, the company remains focused on sustaining growth, improving asset quality further, and building resilience in profitability through disciplined pricing, optimal asset mix, and early intervention on collections.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Sundaram Finance Limited

Sundaram Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Sundaram trades in the lower quarter of its 52-week range. D/E reaches 3.98. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 46.1% reflect exceptional pricing power and operational efficiency. The stock sits at 14% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 18.6% and profits at 15.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Sundaram Finance Limited.