BUSINESS
Why Yes Bank is still not the stock for the investors
The road to profitability remains uncertain for Yes Bank. The structural lacunae in terms of the corporate heavy book vulnerable to economic disruptions and the weak liability may not get addressed in short time
BUSINESS
Tech Mahindra: Can it close the valuation discount any time soon?
Long-term investors should look at Tech Mahindra only on decline and must have the patience to hold for long
BUSINESS
A strong quarter from Coforge, but can the stock rally further?
While existing investors should definitely hold on to their position, new investors should look for market gyrations to add to Coforge.
BUSINESS
L&T Infotech – fully valued, watch out for correction to add
Valuation of LTI is now extremely rich among its peer group. We would look for correction to add this stock for the long term
BUSINESS
Why investors should give the IPO of Equitas SFB a pass
While the headline valuation is reasonable, Equitas SFB's IPO does not quite measure up for multiple reasons
BUSINESS
Federal Bank – Stock may have already priced in the impending uncertainty
Given the challenges in the financial system plagued by asset quality woes and inadequate capital, we see Federal Bank as a long-term winner with its conscious approach to de-risk the book and adequate capital
BUSINESS
HCL Tech – Performance and valuation make it compelling
Given the large opportunity size, we draw comfort from HCL Tech’s current valuation which is at a discount to top performing peers
BUSINESS
Are all the virtues of Mindtree’s business model captured in the price?
We are optimistic about Mindtree’s positioning and long-term prospect and would be watchful about adding the stock in correction
BUSINESS
Infosys – a stock to add on every decline
Given the sharp rally, profit booking may be normal. Any reversal in stock price of Infosys is an opportunity to add for the long term
BUSINESS
Wipro – Journey to catch up with peers has just begun; buy for long-term rewards
Albeit the rally, Wipro still trades at a discount to its best in class peers and could close the gap should the CEO walk the talk.
BUSINESS
Weekly tactical pick – Zensar
The biggest comfort in Zensar is its relative valuation; revenue visibility and margin performance promising
BUSINESS
TCS – the promising bet on post pandemic technology upcycle
We would advise investors not to get blinded by the optically expensive valuation of TCS and focus on the emerging opportunity which could be a catalyst for valuation rerating
BUSINESS
Zensar: Does the IT stock still merit attention?
While near-term challenges persist for Zensar and the stock could come under profit booking if the global technology rally pauses, investors can definitely look to add the stock in such corrections
BUSINESS
Shriram Transport is a stock for the risk taker now
We could see a sharp trading rally in Shriram Transport if the health scare abates or the risk on trade makes a comeback. So, this is a stock for the risk taker and best avoided by a conservative investor
BUSINESS
Why should investors hold on to Coforge despite the stupendous rally?
Existing investors should definitely hold on to their position and new investors should look for correction to quietly build a position in Coforge.
BUSINESS
Way forward if you have missed the Happiest Minds IPO
The premium valuation of Happiest Minds is unlikely to erode unless there is an unforeseen earnings disappointment
BUSINESS
IRCTC - Will the train run with full throttle?
If the stock of IRCTC remains lacklustre due to the impending headwinds, it may be a great idea to gradually build up position in the weak phase
BUSINESS
Yes Bank has averted an accident, but can it run again?
The structural lacunae of Yes Bank in terms of the unexciting corporate heavy book vulnerable to economic disruptions and the weak liability may not get addressed in a short time
BUSINESS
IndusInd Bank – stellar run since our last recommendation, can it do more?
IndusInd Bank appears to be over the hump. The inexpensive valuation, therefore, merits attention.
BUSINESS
Why Kotak Bank remains our favourite core portfolio stock despite its weak numbers
The single most important reason to like Kotak Bank despite not being a growth story is its excellent liability franchise
BUSINESS
Tech Mahindra – Better numbers may support a trading rally
The geo-political tug of war is a crucial factor for the 5G rollout and hence, Tech Mahindra sees this opportunity coming in phases. We see the play panning out from H2 FY22 onwards
BUSINESS
AU Small Finance Bank: A long-term winner
AU is a stock to buy on decline rather than sell on rally, given that it is going to emerge stronger post this crisis.
BUSINESS
Axis Bank: Prudence comes to the fore
The strategic clarity on strengthening the balance sheet and adequate capital cushion should make Axis Bank a winner post the pandemic.
BUSINESS
What should investors do with M&M Finance’s rights issue?
The core Mahindra Finance lending book is valued at 1.3X FY22e adjusted book. This is a reasonable valuation for a long-term investor looking at a predominant rural exposure through a good quality franchise.
