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Moneycontrol

Madhuchanda Dey

Head Research

Moneycontrol

Kotak Bank: So far, it was quality, now growth to be added sweetener

BUSINESS

Kotak Bank: So far, it was quality, now growth to be added sweetener

For many years now, investors had been waiting to see a growth comeback in Kotak Mahindra Bank. With a promise to deliver the same, the stock is set to outperform in coming years

Why Yes Bank is still not the stock for the investors

BUSINESS

Why Yes Bank is still not the stock for the investors

The road to profitability remains uncertain for Yes Bank. The structural lacunae in terms of the corporate heavy book vulnerable to economic disruptions and the weak liability may not get addressed in short time

Tech Mahindra: Can it close the valuation discount any time soon?

BUSINESS

Tech Mahindra: Can it close the valuation discount any time soon?

Long-term investors should look at Tech Mahindra only on decline and must have the patience to hold for long

A strong quarter from Coforge, but can the stock rally further?

BUSINESS

A strong quarter from Coforge, but can the stock rally further?

While existing investors should definitely hold on to their position, new investors should look for market gyrations to add to Coforge.

L&T Infotech – fully valued, watch out for correction to add

BUSINESS

L&T Infotech – fully valued, watch out for correction to add

Valuation of LTI is now extremely rich among its peer group. We would look for correction to add this stock for the long term

Why investors should give the IPO of Equitas SFB a pass

BUSINESS

Why investors should give the IPO of Equitas SFB a pass

While the headline valuation is reasonable, Equitas SFB's IPO does not quite measure up for multiple reasons

Federal Bank – Stock may have already priced in the impending uncertainty

BUSINESS

Federal Bank – Stock may have already priced in the impending uncertainty

Given the challenges in the financial system plagued by asset quality woes and inadequate capital, we see Federal Bank as a long-term winner with its conscious approach to de-risk the book and adequate capital

HCL Tech – Performance and valuation make it compelling

BUSINESS

HCL Tech – Performance and valuation make it compelling

Given the large opportunity size, we draw comfort from HCL Tech’s current valuation which is at a discount to top performing peers

Are all the virtues of Mindtree’s business model captured in the price?

BUSINESS

Are all the virtues of Mindtree’s business model captured in the price?

We are optimistic about Mindtree’s positioning and long-term prospect and would be watchful about adding the stock in correction

Infosys – a stock to add on every decline

BUSINESS

Infosys – a stock to add on every decline

Given the sharp rally, profit booking may be normal. Any reversal in stock price of Infosys is an opportunity to add for the long term

Wipro – Journey to catch up with peers has just begun; buy for long-term rewards

BUSINESS

Wipro – Journey to catch up with peers has just begun; buy for long-term rewards

Albeit the rally, Wipro still trades at a discount to its best in class peers and could close the gap should the CEO walk the talk.

Weekly tactical pick – Zensar

BUSINESS

Weekly tactical pick – Zensar

The biggest comfort in Zensar is its relative valuation; revenue visibility and margin performance promising

TCS – the promising bet on post pandemic technology upcycle

BUSINESS

TCS – the promising bet on post pandemic technology upcycle

We would advise investors not to get blinded by the optically expensive valuation of TCS and focus on the emerging opportunity which could be a catalyst for valuation rerating

Zensar: Does the IT stock still merit attention?

BUSINESS

Zensar: Does the IT stock still merit attention?

While near-term challenges persist for Zensar and the stock could come under profit booking if the global technology rally pauses, investors can definitely look to add the stock in such corrections

Shriram Transport is a stock for the risk taker now

BUSINESS

Shriram Transport is a stock for the risk taker now

We could see a sharp trading rally in Shriram Transport if the health scare abates or the risk on trade makes a comeback. So, this is a stock for the risk taker and best avoided by a conservative investor

Why should investors hold on to Coforge despite the stupendous rally?

BUSINESS

Why should investors hold on to Coforge despite the stupendous rally?

Existing investors should definitely hold on to their position and new investors should look for correction to quietly build a position in Coforge.

Way forward if you have missed the Happiest Minds IPO

BUSINESS

Way forward if you have missed the Happiest Minds IPO

The premium valuation of Happiest Minds is unlikely to erode unless there is an unforeseen earnings disappointment

IRCTC - Will the train run with full throttle?

BUSINESS

IRCTC - Will the train run with full throttle?

If the stock of IRCTC remains lacklustre due to the impending headwinds, it may be a great idea to gradually build up position in the weak phase

Happiest Minds IPO – Happiness guaranteed for investors?

BUSINESS

Happiest Minds IPO – Happiness guaranteed for investors?

It might be a wise idea to pocket the gains on listing of Happiest Minds and wait on the sidelines for a better re-entry opportunity

Why investors should book profit in Persistent Systems

BUSINESS

Why investors should book profit in Persistent Systems

The execution on the services side has been good, but concerns on sustainability remain for Persistent Systems

Are gold financing companies losing their lustre?

BUSINESS

Are gold financing companies losing their lustre?

Manappuram remains a great stock for risk takers. For risk averse investors, satisfied with moderate growth, any correction is an opportunity to buy Muthoot.

Luggage companies: Lost case or a steal for the long term?

BUSINESS

Luggage companies: Lost case or a steal for the long term?

While it appears all gloomy, in the medium term, post pandemic the balance may tilt in favour of VIP and Safari

Mas Financial is back to its IPO valuation. Is it not worth a closer look?

BUSINESS

Mas Financial is back to its IPO valuation. Is it not worth a closer look?

Mas Financial stock is attractive and at a similar level to its IPO valuation, which is at a steep discount to its listing level of 2017

Federal Bank – Why we feel it can ride the COVID-19 storm

BUSINESS

Federal Bank – Why we feel it can ride the COVID-19 storm

Federal can ride the storm with a dent in earnings in FY21e, but a definite recovery in FY22e.

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