BUSINESS
IPOs made merry in 2021, but a few fell short of the crease. Why?
As we head into 2022, which may be a more stock-specific year for investors, evaluating the merit and valuation of each business will be key
BUSINESS
RBL Bank – another bank under scrutiny; what should investors do?
The business model of RBL Bank will take time to correct itself in order to make it an all-weather stock.
BUSINESS
M&M Finance: Valuation red-hot, what about asset quality?
We draw comfort from the undemanding valuation as we see M&M Finance among the few long-term survivors amongst NBFCs
BUSINESS
What is in store for Indian equities in 2022?
The recovery could ride on earnings and investors need to place their bets wisely
BUSINESS
Weekly tactical pick: Manappuram Finance
We draw comfort from the sharper economic revival that is likely to support all businesses of Manappuram
BUSINESS
Should investors be looking at the new entity Shriram Finance?
The correction/consolidation phase of Shriram Transport stock could provide an opportunity to patient long-term investors
BUSINESS
Does the underperformance of Shriram Transport Finance offer opportunity?
We see a tactical opportunity in Shriram Transport despite the overhang of the merger
BUSINESS
RateGain IPO: a great but pricey journey
Smart investors should quickly pocket any listing gains in RateGain and wait for a correction in the secondary market to enter with a long-term perspective
BUSINESS
Deep Value Series: Karur Vysya Bank makes a strong case for rerating
The strategic clarity of Karur Vysya Bank and early signs of walking the right path are reassuring. Seen in this context, we see an upside in the undemanding valuation
BUSINESS
Deep Value Series: Control Print -- Why look at this quality mid-cap?
Given the promising medium- to long-term outlook of Control Print, the valuation is extremely undemanding
BUSINESS
Muted Q2 numbers may not hold back Mas Financial. Why?
We see this weak phase as an opportunity to go long in Mas Financial
BUSINESS
Which gold financing company to bet on?
Muthoot remains an all-weather stock ideally placed to ride the gold financing theme, and should deliver a steady return. For the risk-takers, given the tailwind of economic revival and the valuation discount to Muthoot, Manappuram could offer a stronger upside in the medium term
BUSINESS
Ujjivan SFB – The road to recovery may be long
The journey to recovery may take a while for Ujjivan SFB although the overall economic recovery will provide a tailwind
BUSINESS
IndusInd Bank – What next after the big fall?
Despite the whistleblower’s allegations, we feel the worst-case pain, too, is manageable for IndusInd Bank
BUSINESS
Easy Trip Planners – making the most of revenge travel
In the absence of a multiple re-rating, an annual stock return of Easy Trip Planners, mimicking the earnings growth, is likely. Should there be a further positive surprise on the back of non-airline revenue or more aggressive M&A, investors could be in for a joy ride
BUSINESS
IRCTC - Why investors should avoid despite a stellar quarter
While we continue to believe that the reported numbers of IRCTC will look up, at the current price, most of the positives are priced in. Any intervention from the government or adverse news flow remains a key overhang
BUSINESS
Why investors got to add luggage stocks to their portfolio
Next fiscal should be a strong one for VIP and Safari
BUSINESS
IRCTC – The super-fast train suddenly jumps the rails
We see a significant downside in IRCTC and investors should not try catching a falling knife too soon
BUSINESS
Kotak Mahindra Bank Q2 – A rocking combination of quality and growth
Despite the optically expensive valuation, Kotak Bank is a must-own portfolio stock with a steady return potential, to be added on every weakness
BUSINESS
Axis Bank Q2: A winner on asset quality, now eyeing growth
Even without factoring in the value of the subsidiaries (that could be a meaningful value driver in future), Axis Bank trades at a discount to its larger private sector peers. We see the valuation gap narrowing with the return of growth
BUSINESS
Tech Mahindra – Impeccable execution, re-rating to continue
The strong outlook, along with an undemanding valuation, makes Tech Mahindra an attractive large-cap bet to ride the strong technology up-cycle
BUSINESS
Federal Bank – On the re-rating track
Federal Bank has bolstered its capital position and made it ready to win market share post the pandemic
BUSINESS
Yes Bank Q2: Why the valuation deters us despite its right moves
The reported adjusted price to book at 1.4x of Yes Bank does not look enticing from a valuation perspective, given the uncertain road to achieving its coveted RoA
BUSINESS
L&T Infotech – what after its lifetime high?
While the valuation appears to be optically expensive, the stock of L&T Infotech could continue to outperform should it deliver industry-leading growth.
