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Madhuchanda Dey

Head Research

Moneycontrol

Mas Financial Q1 – Unique mix of quality, growth, and reasonable valuation

BUSINESS

Mas Financial Q1 – Unique mix of quality, growth, and reasonable valuation

Mas Financial is set for a steady journey as asset quality remains solid amid an overall strong performance

This SAAS player is in a sweet spot amid buoyancy in travel & tourism market

BUSINESS

This SAAS player is in a sweet spot amid buoyancy in travel & tourism market

Strong sector tailwinds and limited impact of macro challenges make RateGain a good long-term bet

EasyTrip Planners Q1 FY23: Riding the sector tailwinds

BUSINESS

EasyTrip Planners Q1 FY23: Riding the sector tailwinds

The annual stock return of EasyTrip Planners should mimic the earnings growth. We advise investors to go long on any weakness

VIP Industries Q1: Making the most of a normal quarter

BUSINESS

VIP Industries Q1: Making the most of a normal quarter

We feel the sector offers great potential and VIP is a strong player to ride the tailwinds

Tech Mahindra – Margin nosedives, commentary positive

BUSINESS

Tech Mahindra – Margin nosedives, commentary positive

While the outlook remains good, the margin collapse in Tech Mahindra makes for lacklustre near-term earnings, and FY24, as of now, looks tentative

Axis Bank Q1 FY23: The bank pivots for a profitable journey ahead

BUSINESS

Axis Bank Q1 FY23: The bank pivots for a profitable journey ahead

Long-term investors should focus on the decent earnings trajectory that lies ahead of Axis Bank

Infosys Q1 FY23 — Good execution with cautious optimism

BUSINESS

Infosys Q1 FY23 — Good execution with cautious optimism

Investors should look to add the stock of Infosys on correction

Persistent Q1 FY23 – Overall strong show with more order wins, confident outlook

BUSINESS

Persistent Q1 FY23 – Overall strong show with more order wins, confident outlook

In spite of the strong earnings growth of Persistent, the valuation premium partially captures the outlook. Any correction provides an opportunity to buy into a strong business

Coforge puts up a strong Q1 show

BUSINESS

Coforge puts up a strong Q1 show

Investors should watch out for weakness to add the stock of Coforge

Kotak Mahindra Bank Q1 FY23 – Treasury losses mar steady show

BUSINESS

Kotak Mahindra Bank Q1 FY23 – Treasury losses mar steady show

Despite the not-so-perfect quarter, we see Kotak Bank, the conglomerate, as one of the best plays on the financialisation of savings in India. The volatility in the markets provides an opportunity to add the stock in the long-term portfolio

IndusInd Bank Q1 – Steady trajectory with ample room to rerate

BUSINESS

IndusInd Bank Q1 – Steady trajectory with ample room to rerate

In the context of the growth outlook, the valuation of IndusInd Bank looks undemanding, leaving ample room for rerating.

Wipro – Tepid quarter but outlook strong

BUSINESS

Wipro – Tepid quarter but outlook strong

While the correction in Wipro has rendered the valuation optically attractive, the earnings trajectory is modest and, should there be a macro-induced slowdown, valuation can touch pre-pandemic levels. Investors with moderate risk expectations could look at the stock in a soft market

Why Federal Bank will continue to outperform

BUSINESS

Why Federal Bank will continue to outperform

In view of the strong earnings outlook, we see immense value in the stock of Federal Bank that is still trading at a reasonable valuation

L&T Infotech – Good start to the year

BUSINESS

L&T Infotech – Good start to the year

Given the challenging global macro scenario, investors of LTI should be prepared for a multiple de-rating to pre-pandemic levels

Mindtree Q1 FY23 – A quarter of strong execution

BUSINESS

Mindtree Q1 FY23 – A quarter of strong execution

Investors need to be prepared for a valuation multiple de-rating of Mindtree to pre-pandemic levels that points to a 16 percent downside for the stock from the current level

HCL Tech Q1 FY23: Soft margin masks confidence

BUSINESS

HCL Tech Q1 FY23: Soft margin masks confidence

Given our comfort with the business, investors should look to add the stock of HCL Tech in the ensuing volatility

Q1 FY23: What next for TCS investors after a soft quarter?

BUSINESS

Q1 FY23: What next for TCS investors after a soft quarter?

Should growth moderate on macro concerns, a de-rating of valuation multiple to pre-pandemic levels may not be ruled out for TCS

This growth-leader mid-cap IT stock looks interesting post correction

BUSINESS

This growth-leader mid-cap IT stock looks interesting post correction

With strong execution and an expected moderation in talent crunch, Persistent should see decent growth

Why this attractively valued turnaround IT play merits a look

BUSINESS

Why this attractively valued turnaround IT play merits a look

The significant correction in the stock price of Zensar has rendered the valuation extremely attractive

Why this mid-cap IT stock now looks good after its underperformance

BUSINESS

Why this mid-cap IT stock now looks good after its underperformance

Thanks to the significant underperformance, the stock of Coforge is now reasonably valued and offers good risk-reward

Ujjivan SFB: Why it offers deep value now

BUSINESS

Ujjivan SFB: Why it offers deep value now

Given the strong earnings trajectory and undervaluation, we see a decent upside in the stock of Ujjivan SFB for long-term investors.

This mid-sized bank is at a vantage point as rates rise. Why

BUSINESS

This mid-sized bank is at a vantage point as rates rise. Why

We see immense scope for a valuation rerating of Federal Bank, given its undemanding valuation at 0.9x FY24 adjusted book. And the current volatility in the market presents a buying opportunity

Should you take a look at this stock close to its 52-week low?

BUSINESS

Should you take a look at this stock close to its 52-week low?

Equitas SFB should steadily accelerate growth in the coming quarters and is looking at achieving 2 percent RoA by FY23. While management change remains an overhang, investors with higher risk appetite could consider Equitas that is now available at a bargain valuation

Why consider RateGain Travel Technologies now?

BUSINESS

Why consider RateGain Travel Technologies now?

We advise investors to add the stock of RateGain gradually on decline as technology shares gyrate amid the global fight against inflation

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