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
Ideas for Profit: End to asset quality woes in sight; SBI a long term buy
With a turnaround in sight, investors looking to play the asset recovery and resolution cycle should buy into the stock for the long term
BUSINESS
Ideas for Profit: A safe bluechip in uncertain times, HDFC is a must buy
We see HDFC as one of the key beneficiaries of liquidity shift towards strong and top quality names and expect it to accelerate market share gain.
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
HDFC AMC Q2 review: Steady show; buy on dips
Profitability impact due to reduction in TER on existing assets will be limited or negligible, as HDFC AMC has decided to pass on most of the cost to the distributors. On the incremental flows, the P&L impact will be more gradual.
BUSINESS
Ideas for Profit: 4 reasons that make ICICI Bank a good long-term bet
The bank's Q2 earnings reinforces our belief that it is on track to deliver targeted returns by June 2020
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
ICICI Lombard review: Strong Q2 despite adverse impact of Kerala floods; buy on dips
ICICI Lombard, with a 8.9 percent market share in the general insurance segment, trades as a proxy for the sector, commanding a higher valuation
BUSINESS
HDFC Bank Q2 review: Scaling new highs in a tough environment; buy
Notwithstanding its large size, HDFC Bank is gaining market share at an accelerated pace, which will aid sustainable high earnings growth
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
Ideas for Profit: Bandhan Bank posts strong Q2 performance; buy on dips
Though we don’t foresee any big challenge to the bank’s regular pace of growth, the regulatory requirement of paring down promoter holding can remain an overhang on the stock
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
Ideas for Profit: 2 NBFCs worth looking at in the recent market carnage
We have identified two NBFCs - L&T Finance Holdings and IndoStar Capital Finance - as good long term bets at the current market price
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
Aavas Financiers IPO: Superior affordable housing play at reasonable valuations; Subscribe
With diversified funding mix and positive asset liability gap, Aavas Financiers is relatively well placed in current environment of heightened funding concerns.
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
