BUSINESS
VIP Q1 review: A stellar quarter and a strong outlook
We expect earnings to grow at a CAGR of 44 percent over the next couple of years and the stock’s performance should mimic the same even in the absence of multiple re-ratings
BUSINESS
COMMENT | Markets cheer RBI's neutral stance, but the devil lies in the global details
While markets have welcomed the neutral stance, a glass half full could equally be seen as one half empty
BUSINESS
RBI Policy – hike or no hike, the trajectory of interest rates is upward
Since the last meeting, inflation dynamics hasn’t overtly improved but development in macro front points to conflicting outlook on future inflation.
BUSINESS
Ideas for Profit: Axis Bank delivers all round improvement in Q1 FY19, buy
We see a profitable journey for this bank and hence recommend buying into the stock as it has potential to re-rate from the current valuation of 1.9 times FY20e book.
BUSINESS
Ideas for Profit: HCL Tech’s deal wins & commentary overshadows soft numbers, buy
The undemanding valuation leaves room for upside should the strategy play out on expected lines
BUSINESS
Karur Vysya Bank Q1 FY19: Corporate bad loan problem over but bank has a new headache
We like the strategic initiatives of the bank and draw comfort from the end of asset quality woes in corporate banking
BUSINESS
Yes Bank Q1 FY19 review: More yes than no
A closer look at the numbers suggests that the bank’s performance was fairly in line, with strong business growth and fee income traction
BUSINESS
L&T Infotech – execution record and bullish business outlook justifies price
We expect earnings growth in the twenties in the next couple of years. The price performance should track earnings traction hereon.
BUSINESS
Should one add or avoid South Indian Bank after a weak Q1?
The undemanding valuation could provide a decent trading upside should asset quality remain stable in forthcoming quarters. We would like to see some more structural improvement in core performance before recommending SIB to long term investors
BUSINESS
Ideas for Profit: Weaker headline masks core strength in Kotak Mahindra Bank, buy on consolidation
In the near term, the stock might consolidate after the recent outperformance, especially if some corporate lenders see asset quality pains abating. Investors should use any consolidation as any opportunity to invest for the long-term
BUSINESS
NIIT Technologies Q1 review: Great outlook deserves a look
The strong outlook and reasonable valuation beckons investor attention.
EARNINGS
Mindtree Q1 review: Strength sustains, accumulate on dips
Given the recent outperformance, we advise investors to watch out for dips and gradually accumulate this business which is rightly positioned for the future
BUSINESS
Ideas for Profit: Federal Bank posts a good Q1 with a better outlook
We are comforted by the progress in Q1FY19 and the management guidance and feel that the valuation is still undemanding in the context of the long growth journey ahead.
BUSINESS
Ideas for profit: Slow but steady growth is what's reassuring about Infosys' Q1 show
Stability in senior leadership, well chalked out execution strategy, better demand environment, generous payout and opportunities from a weaker rupee-dollar protects downside for the stock
BUSINESS
Cyient: A soft Q1 should not tarnish this long-term story
We expect the stock to consolidate following a weak Q1. However, we are confident about Cyient’s domain expertise, supplemented by the right acquisition and execution capabilities
BUSINESS
IndusInd Bank – as steady as it gets
We view Q1 FY19 as a continuation of the well-charted out strategy of building a solid business with a focus on high yielding/good quality assets, backed by retail focused low cost liability.
BUSINESS
TCS – a great start to another good year
While the payout limits the downside, rupee depreciation in a volatile global environment could act as a tailwind. Investors should use dips to accumulate TCS as a core holding in the large cap IT space.
BUSINESS
Ujjivan & Equitas: Rural economy on the mend, is it time to accumulate?
Valuation appears to be reasonable after the stock correction
BUSINESS
Gold financing companies: All that glitters may not be gold
Investors need to keep in mind that in the absence of a re-rating in the valuation multiple, long-term performance will largely track earnings growth.
BUSINESS
Mindtree: How should investors read into the possible change in control?
A change in ownership with an international major of repute can help sustain the premium, although near-term movement in the stock may get impacted by the deal valuation
BUSINESS
Is a possible stake sale to LIC the best solution to IDBI’s problems?
IDBI is not a lone case, there are about a dozen more banks whose capital position is precarious and they wouldn’t be in a position to raise capital from the market. The moot question remains, how many will LIC bail out?
BUSINESS
COMMENT-The US-China trade war has no winners, and markets will have to live with it
This is a war without a cease-fire in sight. This is a fact global markets will have to digest.
BUSINESS
RPG Life Sciences – Track for the long term
The management medium term goal of Rs 1,000 crore turnover by FY22 looks like a tall task now
BUSINESS
Credit growth improved in FY18 – who did it benefit?
For every additional Rs 100 of deposits in the banking system, Rs 55 is attracted by the 15 private banks and Rs 45 goes to the 21 public sector banks
