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
FY18 a good year for vehicle financing NBFCs – more steam left?
Should the headwinds lead to a correction in stocks, investors should look at some of the strong NBFCs
BUSINESS
Luggage companies had a stellar run – what should you do now?
Although the medium to long-term outlook is extremely positive and the companies do not really see a problem in growing their revenue, investors got to keep in mind the pressure to near-term earnings especially in the context of the valuation.
BUSINESS
COMMENT: Rate hike removes event risk, markets should welcome 'neutral' stance
The rate hike removes a key event risk from the market and the front-loading of the action should help rein in inflationary expectations without upsetting the green shoots of recovery.
EARNINGS
COMMENT-Q4 results show silver linings in several sectors, marred by large banking sector cloud
Invest in businesses where there is decent earnings visibility coupled with valuation comfort.
BUSINESS
Hawkins – slow and steady, can it win the race?
With “election” the buzzword for 2018, discretionary consumption will be in focus. In this context, a core consumption play like Hawkins Cooker (CMP: Rs 3169, M Cap: Rs 1676 crore) merits attention.
BUSINESS
Housing finance companies: Selective bets emerging amid cautious stance
Even as near-term outlook remains cloudy for housing finance companies, some stocks deserve a closer look.
BUSINESS
FRDI or not – the winds of change will create big winners
The need for a strong resolution mechanism, different from regulation, was necessitated by the 2008 global financial crisis. Since modern financial system is highly interconnected, failure in any one sector can have a domino effect and rattle the system as a whole.
BUSINESS
Why the Equitas stock is near the bottom, and may be worth a look
We expect FY19 to be a year of recovery post the dip in FY18. The bank is well capitalised (CAR 34.3 percent) and will not be constrained by capital to grow once it puts its house in order.
