MARKETS
RBI policy on loan pricing a boon for regulator, customers; not so much for banks, NBFCs
One of the key developments from the credit policy is the new guideline of benchmarking retail loans to an external benchmark.
BUSINESS
RBI credit policy: No rate action and signs of a truce
This is the first policy after the rift between the Reserve Bank of India and government came to light and the tone and measures will be the first sign of who is ceding ground.
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
RBI listing diktat: Should you avoid or buy small finance banks?
Both Equitas and Ujjivan are at a vantage position to capitalise on the weak competitive environment due to the comatose state of most public sector banks and the challenging funding environment for non-banking finance companies.
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
India Inc Q2 review: Earnings breadth deteriorates; margin pressure stark
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
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
Ideas for Profit | Axis Bank Q2 review: Set to take off; buy
We see a profitable journey for this bank and hence recommend buying into the stock as it has potential to rerate from the current valuation.
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
Kotak Mahindra Bank posts steady Q2; promoters’ stake dilution the sole overhang
The weak phase should be capitalised to gradually accumulate the stock for the long term.
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
Looking to buy midcap IT stocks? Here’s which one to back?
NIIT Technologies exhibited robust all round performance, for Cyient it was a quarter of revival from the lows it had hit in Q1 FY19.For Mindtree, Q2 was not only soft but the management commentary was surprisingly cautious.
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 .
BUSINESS
Infosys Q2 FY19 review: Steady execution; an ideal long term buy
Infosys posted a decent Q2 FY19 performance that saw steady execution, stable margin and strong deal wins. However, no change in FY19 revenue and margin guidance was a tad disappointing
BUSINESS
Ideas For Profit |IndusInd Bank Q2 – steady show except for the shadow of IL&FS
With most of the near-term negatives priced in, we derive comfort in the valuation at 3.2X FY20e standalone book and recommend accumulation in this weak phase.
BUSINESS
Ideas for Profit | TCS Q2 performance: Stellar show in a seasonally strong quarter
Vertical-wise, BFSI, further consolidated its position with a growth of over 6 percent. BFSI platform also showed strong acceleration. Retail, life sciences and energy continued their strength.
