Vikas Khemani, whose Carnelian PMS Fund delivered 77% YoY return, says India is one of the most promising markets in the world & there is no doubt very big FII money will gush into the Indian markets in 2024. He has discussed the various stocks in his portfolio
Tanfac Industries Limited (Tanfac) is a joint-sector company promoted by Anupam Rasayan India Limited (Anupam Rasayan) and Tamil Nadu Development Corporation (TIDCO). It began commercial production in March 1985 and is among the leading producers of hydrofluoric acid and its derivatives
Medi Assist Healthcare Services Limited provides third-party administration services to insurance companies through the wholly owned subsidiaries, Medi Assist TPA, Medvantage TPA (from Feb’23) and Raksha TPA (from Aug’23). Its a holding company and has nine subsidiaries of which four are direct subsidiaries and five are indirect subsidiaries
HDFC Life is trading at 2.1x FY26E P/EV. We continue to value the stock at 2.8x FY26E P/EV– a 30% discount to the long-term mean – while raising our FY24-FY26 embedded value (EV) estimates by ~3% each to bake in the strong economic variance seen this quarter
Satin Creditcare Network Ltd. (SCNL) is one of India’s largest Microfinance Institutions (MFI) in terms of Gross Loan Portfolio operating out of Gurugram with a strong presence in North India. It started in 1990 as a provider of individual and small business loans and savings services to urban shopkeepers
High Conviction Stocks Idea Attributes • Company: a) Sound / resilient business; b) Consistent strong financials; c) High growth potential; and d) High return on invested capital • Industry: a) Market leaders / Strong brand value; b) High growth opportunities; c) Strong entry barriers • Management: a) Visionary Leadership; b) Strong & Effective Management; and […]
Emerging long-tail risks in unsecured credit India’s heterogenous unsecured retail credit market (US$160bn; 3-year CAGR at ~23%) has been in the headlines ever since the RBI clamped down on select categories of consumer credit. Our discussions with experts suggest that the RBI’s note of caution is largely centred on small-ticket personal loans (STPL) (ticket size
Arvind Fashions (ARVINDFA) has a strong portfolio of brands like U.S. Polo Assn. (USPA), Arrow, Tommy Hilfiger (TH), Calvin Klein (CK), and Flying Machine (FM). It is into designing, sourcing, marketing, and selling of a wide portfolio of branded men, women, and kids’ readymade apparel, footwear, innerwear, and other accessories via EBOs, MBOs, LFS, and e-commerce platforms
Targeting sustainable growth with healthy cash flows and profitability After underperforming its listed peers on pre-sales growth over FY21-23, we believe SOBHA is set to outperform in terms of growth given its focus on unlocking its vast land reserve and exploring external growth opportunities through its healthy balance sheet. The outperformance is also expected to […]
Ahluwalia Contracts (India) Ltd (Ahluwalia), a company with an extensive experience spanning over four decades, belongs to an exclusive group of contractors that possess the requisite qualifications to undertake large-scale building projects in India. It has demonstrated the ability to adapt to changing circumstances and has emerged successful during various economic cycles. At present, the […]
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