BUSINESS
Is promoter stake sale in Zee for survival or growth?
With the rules of the game being redefined by the disruptors with formidable balance sheet, there is a potential downside risk to the business valuation of TV broadcasters
BUSINESS
Motilal Oswal Fin Services: A capital market player with fortune now tied to housing finance biz
MOFS's fee based businesses have scaled up well over the last few year but its overall performance is dragged down by the housing finance subsidiary, Aspire
BUSINESS
JK Paper: High earnings growth with potential upside trigger; buy
Macro factors such as favourable demand–supply dynamics and micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
BUSINESS
Mutual fund flows in October resilient despite 5% fall in Nifty
Strong domestic mutual fund inflows into equities continue to more than offset the lackluster FPI flows in the recent years
BUSINESS
Govt call for special treatment of NBFCs may be unwarranted as liquidity easing
Current situation is more a crisis of confidence and not a full blown liquidity crisis. Hence, a special liquidity window for NBFCs at this point in time can boomerang by denting the confidence of market participants.
BUSINESS
ICICI Prudential vs HDFC Life: Which life insurance stock offers better value?
Listed private insurers have gained a significant edge over agency-led insurers and are now witnessing accelerated growth
BUSINESS
Bajaj Finance Q2: Company can weather industry storm; must-buy for long term
We see high interest rates as a speed breaker, not a derailment, in the BFL’s long journey upward
BUSINESS
Sharp fall of NBFCs after Supertech’s default: Overreaction or justified?
Nervousness in the stock market and fears of a liquidity squeeze for NBFCs creating solvency issues for real estate players are the reasons for the free fall in NBFC shares post Supertech’s default.
BUSINESS
DCB Bank: Steady Q2; buy for the long term
While the Q2 FY19 earnings were better-than-expected, further improvement in profitability hinges a lot on operating efficiency and could take longer than envisaged
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.
