Though prima facie Yes Bank's FPO price looks enticing, it hides more than it reveals. We do not see Yes Bank embarking on a sustainable profitable journey anytime soon and we doubt if the structural flaws can be reversed in a hurry
TCS will emerge as a strong long-term survivor post the current tumult
Operating margin for the June 2020 quarter is likely to see some improvement year on year
Given the healthy future prospects and the attractive valuation, long-term investor may consider building position in Control Print gradually.
Near-term stock performance of Safari might remain subdued and could provide ideal accumulation opportunity for long-term investors.
RBL Bank can run up if the market sentiment continues to remain buoyant and hence a worthy trading pick for a risk taker. For a conservative investor, there are too many ifs and buts, and hence best avoided till the covid storm passes.
In the troubled macro environment Muthoot Finance remains an island of relative safety,
Big five is what matters most to the financial system
We would recommend adding Shriram Transport only gradually on market correction by investors who are willing to take higher risk.
Any market volatility may be just the right opportunity to gradually accumulate a high quality business like Mas Financial for the long term.
We are not too excited by the optically inexpensive valuation as a lot rests on the top client’s performance.
Buy the stock gradually only on deep cuts in the market for the long-term
Investors should use any market weakness to buy into LTI for the long term.
This is a risky bet amid the COVID-19 cloud, best suited for the risk takers.
We would recommend the stock for investors with a slightly higher appetite for risk.
No better time than the current crisis to add it for the long term.
Initial numbers indicate things were going downhill even before the shutdown
We would advise investors to add HCL Tech on every market correction as the long-term proposition remains strong and the company is likely to be a winner in the post Covid-19 era of new normal.
The ride ahead is bumpy for Yes Bank and hence, best avoided especially since a lot of high quality peers are now available at a bargain in the ongoing correction.
NIIT Tech should definitely be a part of investor’s shopping list and we would recommend adding on every market correction.
We feel a large part of the near-term earnings challenge is priced in and see a reasonably high probability of AU coming out of the crisis stronger.
We would recommend adding Tech Mahindra for the long-term but only in the event of deeper cuts in the market.
Investors with higher risk appetite may consider IIB.
Our view is a broad market correction could impact the stock and we therefore recommend a gradual accumulation taking advantage of every market decline.