Rural B2C business remains a sore point with overall credit costs climbing 15bps YoY in Q3 to 1.7% AUM growth robust at 35% YoY to Rs 3tn+; we expect BAF to surpass Rs 5tn by FY26 Maintain BUY with new TP of Rs 10,105 (vs. Rs 9,605) on rolling valuations to FY26E […]
Timely capacity additions ensures strong growth… About the stock: JK Cement (JKC), one of the leading manufacturers of cement in India, has a total consolidated capacity of 24.4 million tonnes (mtpa), of which grey cement capacity is 22.2 mtpa and white cement (including wall putty) capacity is 2.2 mtpa. Company also has a 159 MW […]
On a fast track – raise to BUY ICE 2W volume growth beats industry at 33% YoY, supporting 26% revenue growth in Q3 Volume uptick bolstered EBITDA margin by 115bps YoY to 11.2%; gross margin also healthy at 26% (+180bps) Upgrade to BUY with new TP of Rs 2,242 (vs. Rs 1,531) […]
Reddy is a 27 year old youth based in Hyderabad. He describes himself as a “Discretionary Derivatives Trader” and trades exclusively in the Nifty options. He is a directional trader and buys or sells Call and Put options depending on his perception of whether the market is Bullish or Bearish
We expect credit growth to accelerate from FY25 with the tightening of systems and processes, a strong distribution channel, the centralising of the credit underwriting process, a stable NIM and return ratios, and an improvement in asset quality. We reiterate ‘BUY’ with a TP of INR900
Kenneth Andrade pointed out that India is amongst the top countries in the world in per capita consumption of alcohol. There will be a rise in the per capita income which will create a premiumisation trend. Where there is a premiumisation of the category, that category has done reasonably well
The domestic auto component industry appears to be in a sweet spot as several tailwinds collude to drive a sustainable long term growth opportunity which include: 1) Indian component industry emerging as one of the beneficiaries of the supply chain derisking strategy by global OEMs post continued supply chain disruptions over the last 3-4 years
Nifty: Violation of Crucial Support Validation of Engulfing bear Nifty Index has provided a fresh breakdown on both daily and weekly. Faster downward retracement has been witnessed. Clear negative momentum is visible on charts. Nifty would continue to slide down further in coming days. Oscillators and indicators are placed with negative […]
US generic growth to stay, selective on structural play The pharmaceutical sector, emerging from the volatility of the past two post pandemic and geopolitically tumultuous years, is now on a recovery path in CY23. Overall costs are stabilizing and there are green shoots in the US business. This positive momentum has led to the BSE […]
While Coforge under CEO, Sudhir Singh, has done a good job in the last six years to grow to US$1bn (from a revenue of ~US$420mn), we believe that as the company grows larger, it will be up against competition from the behemoths in the BFSI space (a very competitive vertical which embraced outsourcing/offshoring decades back)
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