Incorporated on 10th March 2003, Spandana Sphoorty Financial (Spandana) is a leading rural focused NBFC-MFI with pan India presence offering income generation loans under joint liability group model, predominantly to women
Expert Rahul Shah of MOFSL has recommended a buy of PSU Banks for up to 30% upside gain
![Expert Rahul Shah of MOFSL has recommended a buy of PSU Banks for up to 30% upside gain](https://rakesh-jhunjhunwala.in/wp-content/uploads/PSU-Bank-stocks-to-buy.png)
Expert says that PSU banks were hammered so badly in the last few years that many are still trading at one-time book. So, despite the rally, they are still good buys. The NPA cycle has peaked. Asset quality will continue to improve. Growth will keep coming. State Bank, Canara Bank & PNB are top picks
Review of Jyoti CNC Automation Limited’s IPO by SBI Securities
![Review of Jyoti CNC Automation Limited’s IPO by SBI Securities](https://rakesh-jhunjhunwala.in/wp-content/uploads/Jyoti-CNC-Automation-Limited.jpeg)
Jyoti CNC Automation Limited is one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting approximately 10% of the market share in India in FY23 and twelfth largest market share globally accounting for 0.4% of the market share globally in CY22
4 Agrochemicals Stocks to buy. Agrochemicals worth ~$6bn are going off-patent by 2030: Anand Rathi
![4 Agrochemicals Stocks to buy. Agrochemicals worth ~$6bn are going off-patent by 2030: Anand Rathi](https://rakesh-jhunjhunwala.in/wp-content/uploads/4-Agrochemicals-Stocks-to-buy-by-Anand-Rathi.png)
We cover four companies in this report, recommending Buys on Bayer Crop Science, Dhanuka Agritech, Sumitomo Chemicals and UPL. Top Pick Sumitomo Chemical: We prefer Sumitomo Chemicals (India) in agrochemicals, as we believe worst in terms of volume growth and pricing pressure is largely behind and expect gradual recovery as higher stocks piled up globally have started to normalise
Review of IT Sector & 16 IT Stocks with Buy, Add and Reduce recommendations by HDFC Sec
![Review of IT Sector & 16 IT Stocks with Buy, Add and Reduce recommendations by HDFC Sec](https://rakesh-jhunjhunwala.in/wp-content/uploads/Best-IT-Stocks-to-buy.png)
Weak quarter; focus on CY24 The IT sector (coverage universe) is expected to post a weak quarter with a sequential decline. This is due to increased furloughs, Q3 seasonality, a prolonged deal conversion cycle, and compression in discretionary and renewals. Positive factors for the quarter include the ramp-up of mega deals (BSNL/Verizon for TCS/HCLT) and […]
Review of Banking Sector & 7 Bank Stocks with buy and hold recommendations by Systematix Institutional Equities
![Review of Banking Sector & 7 Bank Stocks with buy and hold recommendations by Systematix Institutional Equities](https://rakesh-jhunjhunwala.in/wp-content/uploads/7-banking-stocks-to-buy.jpg)
Indian Banking Sector Bank loans to NBFCs and other personal loans moderate SCB’s gross non-food credit growth Nov’23: Unsecured Retail still strong, Weakness in Infra credit. Overall bank credit growth momentum improved to 20.6% yoy (16% yoy exmerger) with non-food credit growth of 21% yoy (16% yoy ex-merger). This was led by continued momentum in […]
Review of 7 Bank, 2 Gold Finance, 4 Vehicle Finance & 1 Housing Finance Stocks with buy & hold recommendations by IDBI Capital
![Review of 7 Bank, 2 Gold Finance, 4 Vehicle Finance & 1 Housing Finance Stocks with buy & hold recommendations by IDBI Capital](https://rakesh-jhunjhunwala.in/wp-content/uploads/Top-Bank-NBFC-HFC-Stocks-to-buy-now.jpg)
Banks Sectorial Credit Increased risk weight could impact growth ahead Banking sector (non-food) credit improved sequentially in Nov’23 to 20.8% YoY (@16.3% YoY ex HDFC Ltd) vs 19.8% in Oct’23. Driven by HDFC Ltd individual loans, retail portfolio grew by 30.1% YoY (@18.6% ex HDFC Ltd) while services segment grew by 25.4% YoY (@21.9% ex […]
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