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Madhuchanda Dey

Head Research

Moneycontrol

IRCTC Q4 FY23 — Why the ride is not that smooth for investors

TRENDS

IRCTC Q4 FY23 — Why the ride is not that smooth for investors

The threat of losing monopoly cannot be ruled out and the valuation upside is at best moderate

EaseMyTrip Q4 FY23 – Strong sector tailwinds offset heightened competitive intensity

TRENDS

EaseMyTrip Q4 FY23 – Strong sector tailwinds offset heightened competitive intensity

Thanks to the boom in travel, the earnings trajectory should remain strong and investors could expect stock returns to closely mimic earnings

Why this coding and marking player is ready to gain from recovery

BUSINESS

Why this coding and marking player is ready to gain from recovery

There are multiple levers which should support Control Print’s top line and margins, going forward

Safari Industries — Can the stock continue to fly?

TRENDS

Safari Industries — Can the stock continue to fly?

With an unprecedented surge in travel, multiple growth levers are at play for this luggage company

RateGain – Will this SAAS player continue to outperform?

TRENDS

RateGain – Will this SAAS player continue to outperform?

Sectoral tailwinds are strong and the company’s operating leverage benefit should result in a meaningful earnings traction

Why this small niche NBFC deserves a place in the portfolio

BUSINESS

Why this small niche NBFC deserves a place in the portfolio

The company’s asset quality is pristine, while its liability management is robust with a very healthy capital position and access to diversified funding sources

Why this old private bank’s undemanding valuation deserves a look?

BUSINESS

Why this old private bank’s undemanding valuation deserves a look?

The bank expects an expansion in the RoA, riding on growth, traction in fees, and benign credit cost

Kotak Mahindra Bank – Why we are turning equal-weight after a very strong quarter

BUSINESS

Kotak Mahindra Bank – Why we are turning equal-weight after a very strong quarter

Rich valuation, succession issue and recent outperformance are reasons why the stock might not rally at a scorching pace

Tech Mahindra Q4 FY23 – Why you should accumulate amid the gloom

BUSINESS

Tech Mahindra Q4 FY23 – Why you should accumulate amid the gloom

Deal pipeline strong, enough levers for margin improvement

Wipro Q4 FY23 – A subdued quarter somewhat saved by a large buyback

BUSINESS

Wipro Q4 FY23 – A subdued quarter somewhat saved by a large buyback

Higher bookings not translating into revenue growth is a puzzle; execution needs to pick up for Wipro

Axis Bank Q4 FY23 – decent show masked by Citi acquisition cost

BUSINESS

Axis Bank Q4 FY23 – decent show masked by Citi acquisition cost

A profitable earnings trajectory can lead to the rerating of Axis Bank's stock

AU SFB – An all-round strong show

BUSINESS

AU SFB – An all-round strong show

The growth in loan book for AU Small Finance Bank is strong, margins are stable, and asset quality is pristine

Should you bank on IndusInd Bank’s next 3-year planning cycle?

BUSINESS

Should you bank on IndusInd Bank’s next 3-year planning cycle?

The earnings trajectory for IndusInd Bank in the coming two years is strong and the valuation is extremely undemanding

Yes Bank: A no despite likely earnings traction

BUSINESS

Yes Bank: A no despite likely earnings traction

Business growth of Yes Bank and margin performance will take long to catch up with peers; costs will also remain elevated

HCL Tech Q4 FY23 – Navigated the troubled macro well

BUSINESS

HCL Tech Q4 FY23 – Navigated the troubled macro well

For HCL Tech, decent deal win, steady hiring, and realistic guidance marked the quarter

Can Manappuram Finance shine even in face of headwinds?

BUSINESS

Can Manappuram Finance shine even in face of headwinds?

The makeover will turn the erstwhile pure gold financier into a riskier business model

Infosys Q4 FY23 – What’s the right level to bottom-fish after a complete washout?

BUSINESS

Infosys Q4 FY23 – What’s the right level to bottom-fish after a complete washout?

A correction of over 12 percent from the current level can be a good entry point for long-term gains

TCS Q4FY23: Does the growth weakness throw up an opportunity?

BUSINESS

TCS Q4FY23: Does the growth weakness throw up an opportunity?

Since the structural growth drivers are intact, a stable global macro can trigger a swift demand revival

Why is yellow metal’s glitter not rubbing off on this gold-financing NBFC major?

BUSINESS

Why is yellow metal’s glitter not rubbing off on this gold-financing NBFC major?

Given the competitive intensity, a meaningful bounce-back in loan growth looks unlikely; any effort to recoup growth will come at the cost of margin

Is the fight for deposits yielding results for banks?

BUSINESS

Is the fight for deposits yielding results for banks?

In this market, raising resources at competitive rates and managing interest margin will be a key differentiator

Why this high-quality midcap deserves a look

BUSINESS

Why this high-quality midcap deserves a look

With the economy gaining momentum and supply challenges abating, Control Print is poised for strong growth

TCS management change: A surprise move, but not a setback

TRENDS

TCS management change: A surprise move, but not a setback

As deal wins gain ground, the IT major from the Tata stable is well placed to gain from this ongoing trend

Why we see Persistent Systems emerging as a winner

BUSINESS

Why we see Persistent Systems emerging as a winner

Consistent performance and right capabilities should help this mid-cap IT company tackle the ongoing macro challenge

Is it time to lock in the high yields?

BUSINESS

Is it time to lock in the high yields?

With the up-cycle in interest rates likely to plateau going forward, it is better for risk-averse investors to look at target maturity bond funds that allow predictability of returns as equities can remain volatile