BUSINESS
Infosys Q3FY19 – good execution, revenue guidance should help close gap with the leader
We see Infosys moving along the guided path and a hefty payout (additional dividend of Rs 4 per share and Rs 8,260 crore buyback) limiting the stock downside.
BUSINESS
TCS Q3 review: Earnings in line, but supply constraint a factor to watch out for; buy on dips
We expect modest return from the stock in the medium term and recommend accumulation only on correction.
BUSINESS
100-Word Take | Is Rajat Monga set to be new Yes Bank chief?
Recent events may pave the way for Kapoor’s trusted aide to claim the coveted role
BUSINESS
Is the system ready to ease curbs on NPA-hit PSU banks?
Lending, at the end of the day, should be a commercial decision and is a sole prerogative of the individual entities, it is better left that way in the broader interest of the system
BUSINESS
Why the stock market is being myopic in celebrating Urjit Patel's resignation
There is no free lunch. The market is forgetting there will be a price to pay for loosening the government’s and RBI’s purse strings.
BUSINESS
Eyeing RBI capital to bridge fiscal gap – can government convince all?
BUSINESS
Battle for capital: Is RBI kitty big enough to warrant a transfer to government?
Levels of central bank capital amounting to about 3 per cent of GDP are not uncommon.
BUSINESS
Is the system ready to relax PCA norms?
Lending, at the end of the day, should be a commercial decision and is a sole prerogative of the individual entities
BUSINESS
VIP Q2FY19 Review: A steady quarter amid multiple headwinds
We expect earnings to grow at 39 percent CAGR over the next couple of years and the stock performance should mimic the same,
BUSINESS
Safari Industries Q2 review: Capitalise the weak phase for the long term
The company has aggressive growth ambitions and envisages to grow at 2x the industry rate and double its revenues over the next 2 years.
BUSINESS
MAS Financial puts up a steady Q2 show in a tough environment, buy for long term
The conservative approach of the management is likely to pay dividend in the long term
BUSINESS
Karur Vysya Bank – undemanding valuation, right strategy make for a long term bet
The bank seems well positioned to capture market share
BUSINESS
India Inc’s earnings not rosy, but stock-pickers can find hidden gems
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
BUSINESS
Betting on Yes Bank? Wait for pressures to play out
We see the capital constraint standing in the way of the scorching pace of growth we have seen in the past
BUSINESS
HCL Technologies – good outlook backed by reasonable valuation
We like the focus on new technology and company’s openness to go for inorganic route to fill the gaps.
BUSINESS
Why one should look at Persistent after its huge fall
While the stock has corrected post a very disappointing quarter, we draw comfort from the commentary and the inexpensive valuation of 10.5X FY20e earnings.
BUSINESS
India Inc Q2FY19 review – predictable start with visible margin pressure
Sequentially, the growth in sales was 8.2% but EBIDTA grew 5.3% - a clear pointer to the margin pressure that India Inc is beginning to experience.
BUSINESS
Comment | Prevent contagion but don’t bail out IL&FS
The indirect bail out should be limited to preventing a cascading effect of the IL&FS collapse, just as Lehman Brothers was allowed to collapse but the system was rescued through the troubled asset relief programme
BUSINESS
Federal Bank posts stable Q2; accumulate
We see a lot of comfort in the current valuation at 1.1 times FY20 estimated book and recommend accumulating the stock in the current weak market
BUSINESS
South Indian Bank Q2 review: Slippages positively surprise post Kerala floods
While we remain concerned about the future trajectory of slippage and the low capital position, we draw comfort from the undemanding valuation at 0.6 times FY20e adjusted book .
EARNINGS
The crisis in NBFC – well-capitalised banks will have the last laugh?
Mutual funds as a source of funding will clearly take a back seat
BUSINESS
Dozen reasons to tread this market with caution
Much of the froth is gone, but the market is still away from what can be described as mouth-watering valuations.
BUSINESS
RBI Policy: Rate hike customary, a lot more to deal with in the platter
In its last policy meeting, the RBI reverted to a 'neutral' stance and raised its benchmark repo rate. Since then, a lot has happened beyond inflation
BUSINESS
Kotak Bank-Yes Bank: A deal amid adversity?
Kotak is a savvy deal maker and has a successful track record of not over paying for what he buys
