While a rightful discount to HDFC AMC is justified, RNAM is trading at a significant discount, which we think should now narrow following the change in parentage.
While the performance is commendable in most areas, garnering low-cost deposits remains an area of focus
Merger with Bharat Financial will add new customers and high yielding assets. The stock looks attractive at 2.5 times FY21 estimated price-to-book after the recent underperformance
Moneycontrol Research has identified 12 stocks across sectors that hold out promise of strong earnings growth.
While the stock valuation is reasonable, we would like to wait for the currency headwind to play out in the near term and would turn buyer on further weakness
The market rally may eventually narrow further, so focus only on the winners who stand tall amid the ruins
The Jaguar-Land Rover (JLR) business was back into the black, thanks to cost reduction efforts undertaken by the company. Domestic market conditions have also deteriorated, adding to the company’s woes
The proposed investment will be done over the next three years for acquisition of hotel properties across India.
Considering the opportunity size and scope of penetration, the company has the potential to expand at a healthy pace over the next few years.
Key risk: Long gestation period for new FMCG categories to fructify