In the Investor Meetings hosted by us, Can Fin Homes have expressed significant confidence in delivering improved disbursements and loan growth and lower NPLs and credit cost over the coming quarters. Spread/NIM is expected to remain resilient in the near-term and glide towards the guided level of 2.5%/3.5% in the medium term
HDFC Bank’s merger related negatives are in price; valuation re-rating is expected. Buy for target price of Rs 1762 (22% upside): LKP
HDFC Bank is expected to overcome the merger overhangs gradually led by 1) healthy balance sheet growth, 2) much higher provision then regulatory requirement in the balance sheet, 3) best in class underwriting and risk management practices. Given these strengths we expect HDFC Bank to remain one of the best among all the lending businesses. Thus, we continue to maintain BUY rating (given historical lower valuation) on the bank with revised target price of ₹1,762
Nippon Life India Asset Management is at 32% discount to HDFC AMC. Buy for target price of Rs 610: PL
We initiate coverage on NAM with ‘BUY’ rating given (1) consistent equity outperformance translating to improved net flows and in-turn market share gains (2) focus on stronger investment process and risk management and (3) robust retail franchise as indicated by enhancing SIP AUM and healthy addition of unique investors plus folios over FY19 to 9MFY24
Gopal Snacks Limited (IPO) is the largest manufacturer of Gathiya (31% market share) and has ~20 market share in total ethnic savouries market. Subscribe: SBI Sec
Gopal Snacks Ltd is a fast-moving consumer goods company based in India, offering a wide range of delicious snacks under the brand name ‘Gopal’. Established as a partnership firm in 1999 and incorporated as a company in 2009, the company currently operates in 10 States and 2 Union Territories as of 1HFY24
Top 4 Pharma Stocks to buy now by HDFC Securities
Domestic formulations sector: secular growth stories The India Pharma Market (IPM) has maintained a steady ~10% CAGR from FY12 to FY23, despite various disruptions, driven mainly by volume expansion ranging between 5-10% during FY12-18, which subsequently tapered to 2-3% from FY19-23, primarily due to generic competition (FY22 growth was on a low base due to […]
Top 7 Bank Stocks to buy and hold by Systematix Research
Indian Banking Sector Bank loans to NBFCs moderate whilst unsecured retail credit still running strong Unsecured retail still strong whilst large corporate credit retains yoy trend: Bank credit growth momentum improved to 20.3% yoy (16.5% yoy ex-merger) with nonfood credit growth of 20.4% yoy (16.6% yoy ex-merger). Growth momentum remained strong across both services (20.7% […]
Top 15 Stock Picks By Axis Securities for Nifty Dec’24 target of 23000
Axis Top Picks basket delivered impressive returns of 46% in the last one year, against the 27% return posted by the benchmark Nifty 50, implying a commendable outperformance of 19% over the benchmark. In Feb’24 (Since 2 nd Feb’24), the basket inched up further by 1.8%. We are extremely happy to share that our Top Picks Basket has delivered an astounding return of 264% since its inception (May’20), which stands well above the 137% return delivered by NIFTY 50 over the same period
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