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
Ideas for Profit | Tamil Nadu Newsprint and Papers: Another worthy pick in paper sector
Macro factors such as favourable demand – supply dynamics along with micro factors like margin improvement to aid TNPL’s future profitability.
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
Ideas for Profit: Here are 2 housing finance picks post Q1 earnings
We see a challenging time ahead for housing finance companies, amid rising rates and competition, and remain extremely selective; Buy HDFC and Indiabulls Housing Finance
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
Ideas for Profit: HDFC AMC a long term compounder, buy on dips
Following its strong price performance since listing, valuations are definitely rich. Given HDFC AMC's best-in-class return ratios, we see premium valuations sustaining and expect the stock to be a long term compounder
BUSINESS
Paper cos continue to script record profitability in Q1; prefer JK Paper to TNPL
Going forward, integrated player like JK Paper with access to all major inputs and ability to increase capacity will be able to sustain and improve margin
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
Ideas for Profit: Edelweiss Fin Services strong Q1 performance led by credit business; Buy
With diversified business segments and unique growth drivers, the company stands to benefit from increased penetration of financials services
BUSINESS
Ideas for Profit | CreditAccess Grameen IPO: Sound business in a risky sector; subscribe for the long term
CreditAccess Grameen operates right at the heart of rural India providing finance to the unserved masses at the bottom of the socio-economic pyramid making it a unique rural financial services play
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
IIFL Holdings Q1: Lending business growth robust, but wealth franchise stands out
While the company, with diversified business segments, has many growth drivers, we are most excited about its wealth management business
BUSINESS
Ideas for Profit: HDFC continues steady performance in Q1, buy
While the core mortgage business is on a stable growth trajectory, the financial conglomerate stands to gain from equally strong performance of its subsidiaries. Investors cannot ignore this financial powerhouse.
BUSINESS
Ideas for Profit: 3 factors that make ICICI Bank a long term buy
Lower slippages, improving core profitability and undemanding valuation makes the risk-reward extremely favourable for ICICI Bank
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
HDFC AMC IPO: Leader in a growth sector, subscribe
Given the sectoral opportunities and its strong brand, HDFC AMC is well poised for the next leg of growth. It is a great long term bet available at a reasonable price
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
Ideas for Profit: HDFC Bank well poised to leap ahead, buy
We expect HDFC Bank’s considerable moat to aid sustainable high future earnings growth, notwithstanding its large size, making it a must own core holding among Indian equities
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
Ideas for Profit: Bandhan Bank posts stellar Q1 performance; buy for the long term
Bandhan Bank’s scale, experience and history in micro loans, combined with superior return ratios from the general banking business, strong asset quality and more than adequate capital should support premium valuations
