Blogs

May 3, 2021

Investment in Holding company results in sub-par returns over listed subsidiaries, prime example being Bajaj Finserve which has grossly underperformed Bajaj Finance, its listed subsidiary by a wide margin

Bajaj Finserv is the holding company of Bajaj Finance, Bajaj Allianz General Insurance and Bajaj Allianz Lic Insurance. There subsidiary companies have been performing well with […]
May 3, 2021

Good growth in exports and premiumization in domestic market are key positives of Bajaj Auto; however 2nd wave has postponed purchases

Bajaj Auto is amongst the world’s leading motorcycle company with market leadership in several geographies. It has a focused product strategy which lays emphasis on mid […]
May 3, 2021

Sterlite may be on another growth path as governments and enterprises invest in 5G and data networks

Sterlite Technologies is a leading optical fiber and cable company. It also undertakes optical networking projects on turnkey basis. Sharp increase in data usage, roll out […]
May 3, 2021

Impressive performance at TVS Motor due to higher exports and good margin management and product premiumization

TVS Motors, India’s leading two-wheeler company has an excellent track record in new models and presence in all segments – motorcycles, scooters and mopeds. Management ability […]
May 3, 2021

Large capex, market share gains in domestic market and new product launches in US to drive growth at Ajant Pharma

Ajanta Pharma is a mid cap pharma company with a strong domestic business and export presence in US and emerging markets of Africa and Asia . […]
May 3, 2021

Improved industry propects to drive growth at Cyient scope for re-rating of price to earnings multiple

Cyient is a mid size software company with a patchy track record and volatility in earnings due to client concentration. We have a positive view on […]
May 3, 2021

Marico : Recent margin squeeze due to input price increases should get gradually neutralized as underlying volumes remain robust

Marico is a leading FMCG company with popular brands such as Parachute and Saffola. It has a fabulous track record with a conservative business approach to […]
May 3, 2021

Shriram Transports is recovering well with lower credit costs; however tepid credit growth is a concern area

Shriram Transport is India’s leading vehicle finance company with focus only on second hand commercial vehicle financing. It has a pan India presence but is strong […]
May 3, 2021

Britannia is on a strong footing with its plans for becoming a total foods company gradually playing out, market and product expansions are key to growth

Britannia is India’s largest biscuit company with aspirations to be a complete food company. With that goal, Britannia has been exploring several categories in the processed […]
May 3, 2021

Soft growth in data business a concern area, but funnel of new business is promising for Tata Communications

Tata Communications is a global leader in providing data and voice services to enterprises and telecom companies. Its undersea cable for carrying data and related infrastructure […]