We feel companies like Titan are best placed to capture a wallet share of growing, aspirational and affluent Indians and hence, an excellent bet for the long term.
While the superior execution should command a premium, the run-up in the stock leaves little valuation comfort. We advise investors to wait for any weakness to gradually buy the stock.
Given the healthy long-term prospects of the business and the attractive valuation, investors should capitalise on this weak phase to build a position for the long term
We recommend investors to gradually build position in the stock, which is likely to be one of the quality survivors in the banking sector crisis.
We see the strategy gradually bearing fruit and would recommend accumulation on any weakness.
We see LTI as a success story in the dynamic area of technology. Investors should therefore use any market weakness to buy into the stock.
The stock offers great value at the current level
Asset quality still remains a sore point with high slippage in the previous quarter
It has carved out a niche for itself in the used vehicle market and the large share of the unorganised sector still provides enough headroom for growth despite its relatively large size.
We draw comfort from the relatively insulated business model and its undemanding valuation
The stock’s current valuation appears to be pricing in most of the concerns. For long-term investors, the ongoing weak phase provides an accumulation opportunity.
Existing investors should build up positions on every decline and new investors should also gradually add Ujjivan Bank with an eye on the long term.
While the valuation now looks reasonable, the adverse macro environment can continue to provide negative asset quality surprise. Hence, a gradual accumulation is recommended.
The potential upside from new initiatives have not been factored in the valuation yet and could be long-term drivers of earnings/valuation
We find the valuation reasonable
Both HCL Tech and Tech Mahindra have done reasonably well in the past month and we would recommend investors to take advantage of market volatility to build position
Since a prolonged economic downturn may further suppress consumer demand and hence earnings outlook for the company, we would advise investors to gradually accumulate the stock on correction
Investors willing to stomach volatility for a decent upside could find Yes Bank a worthy bet at the current level
The stock valuation is reasonable despite the recent rally. Investors should use market volatility and buy Tech Mahindra on decline.
It is not unreasonable to assume that fresh capital infusion of a large order could propel a rally in the stock in the medium term
Given the healthy first half, long-term prospects of the business and attractive valuations, investors should continue to repose faith in the company
A clearer picture will emerge once smaller sized companies report earnings. Going by this early trend, that’s unlikely to be a happy picture
We believe that it has the potential to get re-rated if its journey to reach 18 per cent RoE plays out. So, we recommend adding the stock on every decline