Stocks in the news: Tata Steel, NMDC, Ashoka Buildcon, Glenmark, Graphite India

Godrej Industries | Glenmark Pharma | Bombay Dyeing | Bank of Baroda | Graphite India | Infibeam Avenues and Tata Steel are stocks which are in the news today.

Tata Steel: Andreas Goss, currently Chief Executive Officer (CEO) of thyssenkrupp's Steel division, will be the future Chief Executive Officer of the planned Joint Venture and chair the Management Board of thyssenkrupp Tata Steel BV. Hans Fischer, currently the CEO of Tata Steel Europe, will be the Deputy CEO & Chief Technology Officer of the Joint Venture.

Standard Chartered Plc: The Group agreed terms for the spin out of its private equity business and a sale of the majority of its private equity investment portfolio to funds managed by ICG Strategic Equity, part of Intermediate Capital Group Plc (ICG).

NMDC: Company fixes lump ore price at Rs 3,250 per tonne and price of fines at Rs 2,860 per tonne from December 13.

Ashoka Buildcon: Subsidiary raises Rs 150 crore from Morgan Stanley India Infrastructure.

Godrej Industries: National Company Law Tribunal approved the Scheme of Amalgamation of Vora Soaps Limited with company.

Bank of Baroda to shut three overseas branches by June

Glenmark Pharma: Company announces new data on GBR 1302, a HER2xCD3 Bispecific antibody, presented at the ESMO Immuno-Oncology Congress 2018.

Bombay Dyeing: Company has given its consent by signing the shareholder's resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) for closure of the same.

Graphite India: Kamataka State Pollution Control Board has renewed the consent for operations at Bengaluru graphite electrode plant for a period up to 30.6.2020 only with condition to shift the unit from the existing location.

IL&FS Transportation Networks: The interest due and payable on December 17 on the NCDs was not paid to the debenture holders due to insufficient funds.

Mahindra & Mahindra Financial Services: India Ratings reaffirmed its AAA/Outlook-Stable rating for Rs 10,000 crore worth public issue of non-convertible debentures.

Infibeam Avenues: Suvidhaa Infoserve Private Limited acquires 5 percent equity stake in company's subsidiary NSI Infinium Global Private Limited.

RITES: Board fixed December 28 as the record date for the purpose of payment of dividend.

Punjab and Sind Bank revised MCLR rate w.e.f. December 16

Goldiam International: Company announces the closure of the buyback with effect from December 17.

M&M signed agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company to increase stake from 35% to 49.04%

Mac Hotels: Goa based public listed company will add another 160 rooms effective from 1st January 2019, taking the total number of rooms to 238.

Corporation Bank - ICRA reaffirmed rating on certificate of deposits of Rs 30000 crore to ICRA A1+

Sadbhav Infra

Ongoing litigation amongst the Company, Sadbhav Engineering on the one side and Montecarlo on the other have arrived at amicable settlement

NCLT and High Court of Gujarat dispose the matter and accordingly the said legal matters now stands closed

Bulk Deals on December 17

DRS Dilip Roadlines: Babulal Vadilal Shah sold 94,400 shares of the company at Rs 75.5 per share on the NSE.

Godha Cabcon Insulat: Mark Corporate Adviosrs sold 72,000 shares of the company at Rs 30 per share on the NSE.

Manaksia Steels: Payal Agrawal bought 3,38,715 shares of the company at Rs 26.91 per share on the NSE.

BC Power Controls: Deepen Bharat Shah bought 3,00,000 shares of the company at Rs 28.71 per share on the BSE.

Analyst or Board Meet/Briefings

Sandhar Technologies: Board meeting is scheduled on February 2, 2019 to consider the un-audited standalone financial results, for the quarter and nine months ended December 2018.

JCT Limited: Board meeting is scheduled on December 31 to consider fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders.

Tube Investments of India: Meeting with institutional investors/analysts on the unaudited financial results for the second quarter ended September 2018 is scheduled on December 18.

Dishman Carbogen Amcis: Management meet and plant visit at company's Bavla plant with certain institutional investors and analysts has been scheduled on December 18 and 19.

Genus Power Infrastructures: Officials of the company will be meeting investors and analyst at its plant in Jaipur on December 18.

Great Eastern Shipping: Company's officials will be meeting ICICI Pru AMC on December 18.

Source: https://www .moneycontrol.com/news/business/markets/stocks-in-the-news-tata-steel-nmdc-ashoka-buildcon-glenmark-graphite-india-3300311.html

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GOLD FEB FUTURE

R2–31650
R1-31550
S1-31350
S2-31250





SILVER MAR FUTURE

R2 –38400
R1- 38200
S1-37800
S2-37600



CRUDE OIL DEC FUTURE

R2 –3760
R1-3730
S1-3660
S2-3630



COPPER FEB FUTURE

R2 –448
R1-444.50
S1-437.50
S2-433

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GOLD FEB FUTURE

R2–31750
R1-31650
S1-31450
S2-31350





SILVER MAR FUTURE

R2 –38700
R1- 38500
S1-38000
S2-37800



CRUDE OIL DEC FUTURE

R2 –3820
R1-3790
S1-3730
S2-3700



COPPER FEB FUTURE

R2 –448
R1-444.50
S1-437.50
S2-433

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Govt may tighten rules for companies not spending CSR funds: Report

These new restrictions on CSR funds are part of a list of proposed amendments to the Companies Act, 2013, that the government will take up during the Winter session of Parliament

Companies not spending their entire corporate social responsibility (CSR) corpus and diverting funds to their balance sheets will now have to declare the amount not spent in their annual report, according to a report by The Hindu Business Line.

Moreover, companies will have to transfer the unspent funds to a separate bank account and spend it within three years, the news daily reported.

These new restrictions on CSR funds are part of a list of proposed amendments to the Companies Act, 2013, that the government will take up during the Winter session of Parliament, sources told the paper.

The amendment may make CSR spending mandatory, as against the current practice of either 'complying' (spending) or 'explaining' why the funds were not spent.

The Corporate Affairs Ministry recently announced that it is examining the records of the top 1,000 companies that were required to spend under their CSR initiative.

Disclosures by 77 companies for FY18 showed unspent amounts equalling a third of their prescribed CSR spending, data from PRIME Database revealed. Median spending of companies has slightly improved over the years to 69.98 percent of the total corpus in FY18, from 42.33 percent in FY15.

Of the 6,286 companies under government scrutiny, most firms reportedly spent less than the mandated amount in April-November of 2016-17, the news daily reported. About 2,203 firms spent more than the required amount during the same period.

A high-level committee recently set-up to strengthen CSR norms has proposed amendments to the existing guidelines.

The amendments seem to force companies to spend money earmarked towards CSR rather than letting them accrue it on the balance sheet. Keeping the money reserved but unspent does not serve any purpose," a legal expert told the paper.

Source: https://www .moneycontrol.com/news/business/govt-may-tighten-rules-for-companies-not-spending-csr-funds-report-3275661.html 

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GOLD FEB FUTURE

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R1-32100
S1-31900
S2-31800





SILVER MAR FUTURE

R2 –38700
R1- 38500
S1-38200
S2-38000



CRUDE OIL DEC FUTURE

R2 –3760
R1-3730
S1-3670
S2-3640



COPPER FEB FUTURE


R2 –446
R1-443.50
S1-438.50
S2-435

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Stocks in the news: Axis Bank, IOC, Ashoka Buildcon, Uflex, Texmaco Rail, Mangalam Drugs

Arrow Greentech | IFCI | Mangalam Drugs & Organics | United Breweries | Escorts | Axis Bank | IOC and Ashoka Buildcon are stocks which are in the news today.

Here are stocks that are in the news today:

Axis Bank: Board appointed Amitabh Chaudhry as an Additional Director of the bank and to hold office as such till the conclusion of the ensuing Annual General Meeting and as the Managing Director & CEO of the bank, for a period of 3 years, with effect from January 1, 2019. Board approved the reappointment of Samir Barua, Som Mittal and Rohit Bhagat as Independent Directors of the bank for their second consecutive term from April 1, 2019 upto the expiry of their respective tenure of 8 years.

Alembic Pharma - meeting of NCD Committee will be held on December 14 to consider and approve the issue and allotment of unsecured

listed redeemable non-convertible debentures (NCDs) of upto Rs 350 crore on private placement basis

IOC board meet on December 13 to consider buyback of equity shares and interim dividend for the Financial Year 2018-19

Ashoka Buildcon: Company received Letter of Acceptance by Rail Vikas Nigam Limited, for the project in connection with 3rd Line from Sonnagar to Garhwa Road in Dhanbad Division of East Central Railway, Bihar and Jharkhand in 2 packages. The aggregate accepted bid value of the project is Rs 794.20 crore.

Escorts: Company has executed the business transfer agreement for transferring the existing RT crane business of the company as a going concern on a slump sale basis to the JV (with Tadano Limited, Japan) for an amount not exceeding Rs 35 crore.

United Breweries: Steven Bosch, Director and Chief Financial Officer of the company tendered resignation.

Mangalam Drugs & Organics: Unit-1 facility was recently inspected by WHO prequalification team and the company has received the WHO Pre-qualification approval for Unit-1.

Punjab and Sind Bank board meeting on December 12, 2018 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore

IL&FS Engineering and Construction Company: Ganapathi Ramachandran, Non-Executive Independent Director of the company tendered resignation from the directorship of the company.

Tamil Nadu Newsprint & Papers: ICRA reaffirmed A (Negative) rating for fund based term loan worth Rs 1,858 crore.

Bank of Baroda issues Basel III Compliant Tier II Bonds worth Rs 971.50 crore on private placement basis

IFCI Q2: Standalone loss at Rs 16.55 crore versus loss at Rs 293.65 crore; revenue at Rs 432.94 crore versus Rs 763.50 crore YoY.

Brigade Enterprises: Brigade Group announces the launch of Parkside- Independent living for seniors, across Bangalore.

Vodafone Idea - Brickwork has revised NCD rating to BWR AA- (outlook negative) from BWR AA

Essel Propack: Company issued commercial papers for Rs 50 crore.

Seamec: Company entered into a Charter Party with Supreme Hydro Engineering Pvt Ltd for charter hire of vessel 'Seamec Princess' for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 150 days with option for extension. The value of Charter during firm period is $3.08 million.

VXL Instruments: Board appointed Kishan S Rao as the Chief Financial Officer (CFO) of the company.

Pritish Nandy Communications: Company announced the launch of the first season of its 10 episode Amazon Original show 'Four More Shots Please' to be streamed on Amazon Prime from January 25 2019.

Arrow Greentech: Subsidiary Avery Pharmaceuticals Private Limited (Arrow Rx) received an approval for site plan to manufacture Mouth Dissolving Strips from Food & Drugs Control Administration (FDA}.

Uflex: Company has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.

Capital India Finance: Board approved the issue of upto 3,45,48,560 equity shares at an issue price of Rs 72 per share, on rights basis, aggregating up to Rs 248.75 crore; and fixed rights entitlement ratio at 4:5.

Precision Camshafts: Mahesh A Kulkarni, Company Secretary and Compliance officer of the company has resigned from the company.

Pritika Auto Industries: Board approved to increase in the limit of investment by foreign institutional investors (FIls) and non resident individuals (NRIs') in the company's equity share capital.

Bulk Deals on December 7

Punj Lloyd: IFCI further sold 23,67,024 equity shares of the company at Rs 4.52 per share on the NSE.

Texmaco Rail: Aequitas Investment Consultancy Private Limited - PMS purchased 34,04,200 shares of the company at Rs 51 per share. However, Equity Intelligence India sold 17,80,364 shares at Rs 51.01 per share and Equity Intelligence India Private Limited [PMS] sold 11,45,241 shares at Rs 51.02 per share.

Sandhar Technologies: Company's officials will be meeting SPA Capital Services on December 11.

Gopal Iron & Steels: Board meeting is scheduled on December 15 to consider sale of asset of the company.

Gallantt Metal: Extraordinary General Meeting to be held on January 4, 2019.

Asian Granito India: Extraordinary General Meeting will be held on January 3, 2019.

Indian Oil Corporation: Board meeting is scheduled on December 13 to consider buyback of the fully paid-up equity shares of the company and declaration of interim dividend for the financial year 2018-19.

Titan Company: Company's officials will be meeting fund houses or insurance firms on December 10, 12 and 14.

Shriram City Union Finance: Company's officials will be meeting analysts/institutional investors/brokers on December 10, 11, 12 and 13.

Infosys: Mohit Joshi - President & Head, Banking, Financial Services & Insurance (BFSI), Healthcare and Life Sciences; Head Infosys Brazil and Infosys Mexico and Jayesh Sanghrajka - Interim CFO will participate in a Non-Deal Roadshow in London on December 10 and 11.

Globus Spirits: Company's officials will be meeting LIC Mutual Fund, New Horizon Investments, ICICI Prudential Asset Management, Edelweiss Securities on December 10.

IIFL Holdings: Company's officials will be meeting Southeastern Asset Management on December 10.

HEG: Few Analysts/Investors are visiting the company's plant at Mandideep, Madhya Pradesh on December 10.

Bhansali Engineering Polymers: Jayesh Bhansali - Executive Director cum CFO of the company would meet the analyst/Institutional investor(s) in a conference arranged by Ambit Capital Pvt. Ltd., on December 10.

Supreme Infrastructure India: 35th Annual General Meeting of the company is scheduled to be held on December 31.

Lesha Industries: Board meeting is scheduled on December 26 to consider the sub division/ split of equity shares of the company.

Alembic Pharmaceuticals: Meeting of the NCD Committee of the Company will be held on December 14 to consider the issue and allotment of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) of upto Rs 350 crore on private placement basis.

Punjab & Sind Bank: Board meeting is scheduled to be held on December 12 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore.

Finolex Industries: Company's officials will be meeting Ventura Securities on December 10.

PPAP Automotive: Company's officials will be attending conference of analysts and investors organised by Ambit Capital on December 10.

Shoppers Stop: Company's officials will be meeting Martin Lau, Managing Partner and Vinay Agarwal, Director of First State Stewart Asia, on December 11; Anand Shah, Sr. VP Consumer of Axis Capital - Institutional Equities on December 12, Nikhil Desai and Rushabh Sheth, Directors of Karma Capital, Harsh Shah of CGS-CIMB Securities (India) Pvt. Ltd. on December 12.

Panyam Cements & Mineral Industries: 62nd Annual General Meeting of the company is to be held on December 31.

RCL Retail: Eighth Annual General Meeting of the company is scheduled to be held on December 29.

https://www .moneycontrol.com/news/business/markets/stocks-in-the-news-axis-bank-ioc-ashoka-buildcon-uflex-texmaco-rail-mangalam-drugs-3269681.html

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Stocks in the news: Zydus Wellness, Khadim India, HCL Tech, NHPC, Wipro

Sagar Cements | Coal India | Rural Electrification Corporation | HCL Tech | Kajaria Ceramics | IFCI and Punj Lloyd are stocks which are in the news today.

Here are stocks that are in the news today:

NHPC: Company has been declared as the successful resolution applicant by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power Limited subject to the final approval by adjudicating authority.

IBM to sell some of its software products to HCL for $1.8 billion

Khadim India: The company has issued the commercial paper for an aggregate amount of Rs 30 crore.

Cadila Healthcare and Zydus Wellness: Company entered into a share subscription agreement (SSA) with subsidiary Zydus Wellness to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 11,74,99,98,940.

Wipro: Company and Alfresco expand partnership to offer open source based digital transformation capabilities.

Sagar Cements: Consolidated cement sales increased 36.29 percent to 3,15,106 MT versus 2,31,202 MT YoY.

Punjab & Sindh Bank: Bank to consider issue of equity shares via QIP up to amount of Rs 500 crore and issue of Basel III Compliant Tier II bonds up to of Rs 1,500 crore - CNBC-TV18.

HUDCO: Board to mull raising up to Rs 1,000 crore via bonds.

Coal India: Government cuts stake in company by 2.2 percent to 72.9 percent.

IL&FS Financial Services: Company unable to service obligation of interest payment of NCDs worth Rs 52 crore due December 6 - CNBC-TV18.

Rural Electrification Corporation: Company approved JV with Maharashtra Power Utility for new projects and to sell transmission unit to Power Grid.

IL&FS Engineering and Construction Company: Bhaskar Chatterjee, Non-Executive Independent Director of the company tendered his resignation from the directorship of the company.

Nandan Denim: Vedprakash Chiripal, belonging to promoter & promoter group entities, acquired 40,000 equity shares of the company through open market on December 4.

Polycon International: Bank loan rating of the company has been revised by the rating agency, Brickwork Ratings from BB to BB- and A4+ to A4.

Bulk Deals

Kajaria Ceramics: Wasatch Advisors Inc A/C Wasatch International Growth Fund bought 10,37,576 shares of the company at Rs 435.35 per share while Abu Dhabi Investment Authority sold 10,10,000 shares at Rs 435.26 per share on the NSE.

Punj Lloyd: IFCI sold 43,97,267 shares of the company at Rs 4.98 per share on the NSE.

Shubhlaxmi Jewel Art: Kanadia Fyr Fyter Private Limited sold 80,000 shares of the company at Rs 27.5 per share on the NSE.

Vikas EcoTech: Garg Vikas sold 75,00,000 shares of the company at Rs 12 per share on the NSE.

Analyst or Board Meet/Briefings

Indo Count Industries: Company's officials will be meeting investors and analysts (participants) on December 7.

Dolphin Medical Services: 26th Annual General Meeting of the members of the company is scheduled to be held on December 29.

VIP Clothing: Company's officials will be attending conference organised by Systematix Shares & Stocks (I) Limited on December 7.

Muthoot Finance: Q2FY19 results conference will be held on December 7.

Siyaram Silk Mills: Company will be participating in Consumer /Investor Conference on December 7 in Mumbai.

Source: https://www. moneycontrol.com/news/business/markets/stocks-in-the-news-zydus-wellness-khadim-india-hcl-tech-nhpc-wipro-sagar-cements-rec-coal-india-3261711.html

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MCX SUPPORT & RESISTANCE LEVEL By TradeIndia Research.

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GOLD DEC FUTURE

R2–31200
R1-31100
S1-30900
S2-30800






SILVER DEC FUTURE

R2 –36700
R1- 36500
S1-36000
S2-35800



CRUDE OIL DEC FUTURE

R2 –3770
R1-3740
S1-3670
S2-3640



COPPER FEB FUTURE

R2 –443
R1-440.50
S1-432.50
S2-428



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Year-end bonanza? These 25 stocks are trading below their 5-year avg PE

The general rule is that when a stock is trading below its 5-year PE, it usually indicates sluggish movement in price, which is further linked to earnings potential

The Indian market rebounded in November after having corrected significantly in September and October. The bounceback helped Sensex reclaim 36,000 and pushed Nifty over 10,900, but there is still plenty of action that one can expect from individual stocks.

Half the stocks in the Nifty are trading below their 5-year average price/earnings multiple, which suggests there is still some value left in them.

Stocks that are trading below their 5-year average PE include Bajaj Finserv, HPCL, Eicher Motors, JSW Steel, Indiabulls Housing Finance, HCL Technologies, GAIL India, Infosys, Hero MotoCorp, Bajaj Auto, Cipla, and NTPC, among others.

As many as 9 of these 25 stocks more than doubled investors' wealth in the last five years -- Yes Bank, HDFC, IOC, BPCL, Indiabulls Housing Finance, JSW Steel, Eicher Motors, HPCL, and Bajaj Finserv.

PE ratio or PE multiple is a widely-used valuation tool that helps in screening a stock on a relative basis.

The stock market has remained volatile for most of 2018, despite Nifty climbing to a record high of 11,760 earlier this year. The rise in the index was supported by a handful of stocks, as others lacked momentum.

Both Sensex and Nifty slipped after hitting record highs, but the pain was much worse in small and mid-cap indices, which saw double-digit falls from their respective highs.

The BSE Midcap index has slipped 17 percent this year, while the BSE Smallcap index has fallen 28 percent. In comparison, the Sensex is down just 7 percent from its 2018 high.

The Nifty recovered a bit in November, but only a few names were responsible for it. But it is a known truth that consolidation offers an opportunity to buy quality names that are currently trading below their 5-year average PE.

Generally, when a company is trading below its 5-year average PE, it is perceived to be undervalued. But to qualify as a stock worth buying, it should be backed by superiority in business fundamentals, experts suggest.

But, is the valuation methodology enough for investors to hit the buy button? Well, maybe not, suggest experts. The general rule is that when a stock is trading below its 5-year PE, it usually indicates sluggish movement in price, which is further linked to earnings potential.

“The PE multiple is a derivation of factors like earnings growth, operating margin, the fundamental outlook of the company prevailing in the market that decides a future prospectus,” Dinesh Rohira, Founder & CEO, 5nance.com told Moneycontrol.

“In general, it indicates the stock is not able to garner earnings potential or company is at bad phase on fundamentally. When there is no earnings visibility, investors will be unwilling to pay price or premium for such a company that in turn halts the stock price,” he said.

Rohira further added that to get a clear understanding, an investor should compare PE of a company with its peers. One should not take PE at its face value.

To make an investment call, it requires a holistic approach and disciplined study from investors which usually boils down to fundamental aspects of a company. Although, most of the stocks which are trading below their 5-year average have also corrected in double digits from their highs but investors should do their own research before pressing the buy button.

We believe PE should not be looked in isolation, Atish Matlawala, Sr Analyst, SSJ Finance & Securities said. A company with higher growth potential could see increase buying from investors which could in turn boost PE multiple of the stock, but the trouble is many of these companies may not grow at the same pace as they grew in the last five years, he explained.

“Sector like NBFC and auto may see their growth taper down as the cost of funds increases. Having said that there are few companies which we believe can give better returns in the medium to long-term perspective. These companies are HCL Technologies, Infosys, HDFC, Tata Steel and Vedanta,” Matlawala said.

He added that average PE will decline with declining growth prospects. It is therefore important to look at PEG ratio to make investment decisions. For the metal sector, one must look at EV/EBITDA ratio to select companies.

Source: https://www. moneycontrol.com/news/business/markets/year-end-bonanza-these-25-stocks-are-trading-below-their-5-year-avg-pe-3245121.html 

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What is a good credit score and how you can maintain it to stay on the right side

A low credit score is a symptom of habitual defaults and an indicator of financial indiscipline.

Your credit score is a number ranging between 300 and 900 and is derived from your credit report. Credit reports are created by credit bureaus like Experian and CIBIL. Your credit score and report are used to make decisions about whether or not you get access to a number of things. These include:

1. Lenders - who use this to evaluate your loan and credit card applications. Not only can your applications be processed faster with a high credit score, but also, lenders have started providing loans at lower interest rates.

2. Mobile phone service providers - who set postpaid limits after all post-paid services are a form of credit extended to you.

3. Insurance companies – who decide whether you can get lower premiums should you choose to buy any policy.

4. Employment screening – Many employers have started reviewing credit scores and reports as part of an employee’s background check. A low credit score is a symptom of habitual defaults and an indicator of financial indiscipline. It must be said, that no one can claim to go through life without going through periods of financial stress, so if you have missed payments for a short period and you have returned to paying on time later this will not pose a problem.

Given that your ability to buy a home, emergency medical expenses (via a loan or insurance reimbursement) and even the ability to secure employment are dependent on this three digit number, the next question is what is considered a “good” score.

First, it is important to know that all credit bureaus have the same data since 2015.

Hence, all credit bureaus can provide you with an accurate score.

Second, all the bureaus have a credit score that ranges between 300 and 900. If you do not have any loans or credit card you will not have a credit report and hence, a credit score.

Lastly, while all the credit bureaus have the same data, their scoring algorithms differ slightly and hence, each credit bureau will have a slightly different benchmark of what is considered a “good” score.

In Experian’s case, a credit score of 780 or more is considered a good score. In CIBIL’s case, it is 750 or more.

Here are few tips to help you maintain a high credit score:

1. Always, always, always… pay your dues on time. Late payments are the biggest factor that affects your credit score.

2. Don’t use too much credit. Make sure your monthly outflows are less than 50% of your net monthly income. People who have increasing credit utilisation are viewed negatively by lenders.

3. Check your eligibility before applying for credit on lending marketplaces. A number of “hard” enquiries (a credit search is added to your report every time you apply for credit) within a few months can be a reason for your score reducing and your loan getting rejected. When you check your free credit score and eligibility on lending marketplaces this is called a “soft” search and doesn’t affect your credit score or credit eligibility.

Given how important your credit score and report can be and the fact that it is easily available and that it can be tracked free and forever - there’s no reason you shouldn’t check your credit score.

Source: https://www .moneycontrol.com/news/business/personal-finance/what-is-a-good-credit-score-and-how-you-can-maintain-it-to-stay-on-the-right-side-3238601.html   

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