July 21, 2020

ICICI Prudential Life could turn out to be a good compounding business with steady increase in market share in the insurance industry

ICICI Prudential Life is India’s leading private sector insurance company. Increased financialization of savings is leading to increased demand for insurance products. The market is relatively […]
July 21, 2020

Performance at SBI Cards holding up well in Covid times. Volume of business to move up once normalcy returns

SBI Cards is India’s only listed credit card company. There are two revenue streams – interest on credit card outstandings and fees and commission on transactions. […]
July 20, 2020

L&T Finance pinned down by provisioning for legacy loans but focused loan products doing well. Credit growth dependent on improvement in external environment

L&T Finance, the NBFC subsidiary of engineering giant L&T lends to infra, housing and rural sector. Within these, the largest lending book is for infra projects […]
July 18, 2020

HDFC Bank to emerge stronger compared to peer group post Covid-19 crisis

HDFC Bank has been steady performer since its inception in 1995. Its retail focus and sharp lending practices have resulted in strong balance sheet with marginal […]
July 17, 2020

Tough external environment and client specific issues to result in slower growth for L&T Technologies in near future but long term prospects remain bright

L&T Technology is a leading engineering and R&D services company. The offerings are differentiated from the traditional software companies due to its focus on design and […]
July 17, 2020

Granules strategy of backward integration, large scale capacities and focus on high volume generics is yielding good results

Granules is a bulk drug and formulation company. It strength lies in economically sized bulk drug manufacturing units which provide a cost advantage to its finished […]
July 16, 2020

Niche offerings and strong value propostion has enabled L&T Infotech to sustain industry beating grwoth rates

L&T Infotech is a leading mid cap software company with industry beating growth rates. Strong value proposition due to deep domain knowledge is key USP vis-a-vis […]
July 15, 2020

Decent performance at Bandhan Bank despite pandemic related disruptions Rising retail deposits is noteworthy with healthy CASA ratio

Bandhan Bank is India’s largest micro finance lender. We have an overweight rating due to exceptional track record in growth and recovery. There is great potential […]
July 14, 2020

IFB Industries to return to growth phase post lifting of lockdown as demand for home appliances set to improve in a post covid world

IFB Industries is a home grown white appliances company with dominant position in washing machines. Given low penetration levels for such appliances, the long term prospects […]