BUSINESS
Indiabulls Housing Finance Q2: Sound fundamentals but tight liquidity may weigh
At the time when the NBFC sector is grappling with funding issue, IBHF is guiding for medium term loan growth of 20-25 percent which clearly signals its relatively strong liquidity position.
BUSINESS
US political uncertainty can potentially thaw in fund outflows from emerging markets
Upcoming US midterm election could potentially halt the rally in USD and reverse the flows from US markets to relatively better-placed EMs like India
BUSINESS
Large liquid fund outflows not as worrisome as posed by headline numbers
There was a domino effect of IL&FS episode on liquid fund withdrawals, but only to a limited extent. A large chunk of outflows can be attributed to September-end phenomenon.
BUSINESS
ICICI Bank: Leadership crisis over, valuation attractive at this price
Chanda Kochhar's permanent exit decisively lifts the cloud of management uncertainty at ICICI Bank
BUSINESS
RBI’s Bandhan Bank diktat: Here’s what investors need to know
In essence, the high promoter holding in Bandhan Bank is an optical illusion. It is actually widely spread out but entangled. To this extent, RBI's action seems too stringent but sets a strong precedent
BUSINESS
Will the risk aversion of MFs derail high speed growth of NBFCs?
While valuations of many NBFCs have fallen following the recent sell-off, we don’t see a quick bounce back as MFs are in a risk averse mode, which will pare growth for many players
BUSINESS
NBFCs may face funding pressure but most will be able to tide over the crunch
Source and cost of funding are vital for NBFCs. While the cost is going up, there seems to be some pressure on source of funds at the moment.
BUSINESS
SEBI cap on MF fee income will have a widespread impact, and not just on AMCs
SEBI reducing MF charges will hurt wealth managers that largely rely on MF distribution revenue. AMCs are relatively better placed with multiple options to limit the adverse impact
BUSINESS
Sundaram Finance: A steady performer, buy
Sundaram Finance is a safe bet considering its long demonstrated track record of stable and profitable growth across business and interest rate cycles
BUSINESS
PVR: Strong comeback but not yet picture perfect; buy on dips
While online streaming providers like Netflix and Amazon can change the way patrons watch the movies over a period of time, we don’t see a complete disruption to the theatre operators as both mediums can coexist.
BUSINESS
Motilal Oswal Financial Services: Q1 earnings a blip; accumulate for the long term
Despite having infused Rs 650 crore as capital so far, the current performance of the housing finance subsidiary continues to be weak with non-meaningful contribution to the group
BUSINESS
HDB Financial Services can be a big value creator; buy HDFC Bank
Superior performance is not limited to just HDFC Bank as a lot of value is being created by its subsidiary – HDB Financial Services
BUSINESS
SC third party motor insurance ruling: Here’s how it impacts general insurance companies
General insurance companies can see higher premium growth due to long term third party motor insurance policies but profitability still uncertain
BUSINESS
JK Paper: Well positioned in a sector on an upturn
Macro factors such as favourable demand – supply dynamics along with micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
BUSINESS
SBI Q1 review: Asset quality woes receding; a long-term buy
The bank didn’t avail of RBI’s dispensation with regard to spreading of MTM loss over four quarters and instead took the full hit in Q1.
BUSINESS
Reliance Nippon AMC Q1: Re-rating in store; attractive buy
While a rightful discount to HDFC AMC is justified, RNAM is trading at a discount to IIFL wealth, which is unwarranted.
BUSINESS
ICICI Prudential or HDFC Standard: Which life insurance stock should you pick?
While investing in the share of HDFC Standard Life can offer downside protection, investors will be better off with ICICI Prudential Life as it offers upside potential as well
BUSINESS
Bajaj Finance & Bajaj Finserv: Strong earnings that justify stock rally
The stock is expensive, but for a reason. Investors cannot ignore this business of lending to the aspirational mass, which is in a sweet spot.
BUSINESS
Outside food in theatres: Wait till the picture becomes clear
The current developments on F&B front can hurt earnings and thereby the high valuations of multiplex operators
BUSINESS
DCB Bank Q1 review: Muted earnings a short term blip, Buy for the long term
While Q1 earnings were subdued, we expect future profitability to improve, albeit gradually, as operating leverage will play out with growth in the business
BUSINESS
Nifty scales 11,000, but why stocks and investors are both depressed
To play safe, institutional and retail investors preferred large caps with a promising profitability potential and robust fundamentals, whereas mid and small caps bore the brunt of selling pressures.
BUSINESS
Wealth management business: 4 stocks to watch out for
Outlook for the wealth management industry is promising as the market is under penetrated, likely to grow in sync with India’s economic growth and rising income levels in the economy
BUSINESS
SEBI pulls ICICI Pru AMC for I-Sec IPO: Potential financial impact on group cos
While the SEBI rule is another blow to ICICI Group’s corporate governance standards, we try to understand the financial implications of the order on the group companies.
BUSINESS
Rupee staring at 70/$: Is this 2013 all over again?
We don’t see the current depreciation in rupee as a crisis situation yet and hence comparison with 2013 is totally unwarranted.
