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.
BUSINESS
HCL Tech – Why the margin of safety is so high
While products and platform business remain a joker in the pack, the undemanding valuation of HCL Tech, relative to peers, offers a great margin of comfort
BUSINESS
Wipro – A steady quarter amid strong demand, tight supply
We would recommend adding Wipro
BUSINESS
Mindtree – A blowout quarter
While the valuation looks heady post the rally, we see a prosperous road ahead that makes Mindtree a buy on every correction
BUSINESS
Infosys – A strong quarter of execution undeterred by supply challenges
We see a strong highway of growth and recommend adding Infosys in every decline
BUSINESS
A soft quarter for TCS — Avoid or add?
A stock correction in TCS presents an ideal opportunity to go long
BUSINESS
Large-cap IT stocks are now a big pull for investors. Why?
The huge valuation discount is a definite draw for large-cap IT stocks that investors should not ignore
BUSINESS
Has Equitas SFB turned the corner?
As the situation on the ground improves, we expect the stock of Equitas SFB to gradually rerate
BUSINESS
Stellar show, still Persistent can re-rate. This is why
Since Persistent is competing with some of the leading pure play digital names and matching them on growth, a long-term valuation catch-up with global peers is possible
BUSINESS
M&M Finance picks up the pieces, any more upside building?
While the stock of M&M Finance has moved up from its nadir, there is an upside, should the journey going forward is of growth and reduction in asset quality pain
BUSINESS
Should you go with Manappuram Finance after its lacklustre show?
Despite the troubled past of Manappuram, the improving macro and the huge valuation discount to peer Muthoot Finance warrant attention
BUSINESS
Happiest Minds – One year journey of happiness, more ahead for investors?
The stupendous gains in Happiest Minds should be booked and return expectations should be tempered, going forward
