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)
Option chain data for this weekly/monthly expiry is indicating a trading range of 21,500-22,000 zones. On the call side, 22,000 is the strike with highest OI. Majority of call writing was witnessed at this level; indicating resistance. On the put side, 21,500 is the strike with highest OI. As per the data, net call-put writing is indicating significant addition of call writers; which is a bearish indicator. It is advisable to be cautious with longs. Further weakness can be expected as long as index is trading below 21,800 levels
ICICIBC reported a steady set of earnings with a comfortable LCR and LDR. NIM contraction was lower than expectation, resulting in a beat on the operating front. We expect superior performance on most parameters to continue, given its strong digital push, focus on risk calibrated operating returns, and a strong Balance Sheet. We maintain ‘BUY’ with a TP of INR1,195, a 19% upside from its CMP
Stable performance Strong business growth aided a 10% YoY rise in Q3 PPOP despite higher opex; PAT increased 17% to Rs 23bn Reported NIM stayed stable QoQ at 4.3% as increased yield on advances offset rise in cost of deposits TP revised to Rs 1,952 (vs. Rs 1,755) as we tweak estimates […]
Saurabh Mukherjea has added 4 small-cap stocks to Little Champs Portfolio which are favourites of Dolly Khanna, Ashish Kacholia, Shyam Sekhar, Durgesh Shah & other investing luminaries. The Cos have dominant businesses, quality management & other virtues
MCX has successfully executed one of the most complex technology transitions, and the new CDP is running smoothly, with volumes scaling new highs. We believe it’s a new beginning for MCX, with a focus on introducing new products, increasing participation and volume, and improving profitability. The options volume has increased by 4x YoY and is currently >INR 1,400bn
Given the company’s strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock
EPACK Durable Limited is India’s second largest room air conditioner original design manufacturer (ODM) in terms of number of units (indoor units + outdoor units) manufactured in FY23 through the ODM route. Since 2003, the company evolved from a RAC brand OEM to an ODM partner, focusing on product development and innovation
Volume led profitable growth on the anvil … About stock: Coal India Ltd (CIL), is the largest coal producer domestically as well as globally. It is a ‘Maharatna’ PSU, operating under aegis of Ministry of Coal. • Operation spanning 83 mining areas across eight states, currently owing 322 mines including 138 underground, 171 opencast and […]
Given the investment thesis outlined above, we anticipate robust CAGR growth for Ethos in terms of Revenue (35%) and PAT (42%) over FY23-26E. This positive trajectory is expected to enhance the overall return profile for the company
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