Blogs

August 16, 2021

United Spirits: Despite restrictions on gatherings and restaurants and bars, volumes are decent; post lockdown performance poised to improve significantly

United Spirit is India’s largest potable alcohol company. The company’s strategy to focus on premium products and appoint franchisees for less attractive states has lead to […]
August 16, 2021

SBI Life could be a decent compounding stock as embedded value steadily rises on the back of rising new and renewal premiums

SBI Life is India’s leading life insurance company with good track record. SBI’s network and brand are key strengths and Bancassurance is the largest channel for […]
August 16, 2021

Covid pandemic has severely impacted operations at M&M Finance as collection efficiencies have deteriorated

M&M Finance is a leading rural focused NBFC financing all types of 4 wheelers. Its subsidiary is engaged in rural housing finance. Presence in rural areas […]
August 16, 2021

Indusind Bank on a much stronger footing well placed to resume loan growth; Large scale provisioning has already ben done

Indusind is a leading private sector bank with strong presence in vehicle and micro-finance. Exposure to IL&FS, Dewan Housing, Zee promoters and other stressed groups has […]
August 16, 2021

ICICI Bank to enter new growth phase with strong loan growth and lower credit cost; value getting created in subsidiaries

ICICI Bank is India’s second largest bank in terms of assets and market capitalization and has a large network of branches and ATMs across India and […]
August 16, 2021

Havells a strong play on rising spends on durables and home / office improvement; Second Covid wave to have transient effect but valuations are rich

Havell’s, a leading player in Cables, lighting, switches / switchgear and household appliances, is a secular growth story. All its divisions benefits from rising domestic consumption […]
August 16, 2021

Coromandel International, India largest fertilizer company could benefit from good monsoons, however spurt in raw material costs is a concern

Coromandel is India’s largest phosphatic fertilizer company with presence in crop protection and rural retail stores as well. Government regulation, monsoon vagaries and mispricing of fertilizers […]
August 16, 2021

5G opportunity to fructify at Tech Mahindra; will drive growth for many years

Tech Mahindra is one of India’s leading software company with a large exposure (40% +) to the telecom vertical. The gradual implementation of 5G globally and […]
August 16, 2021

Blue sky scenario for JSW Steel as end product prices soar, demand is strong and near term commissioning of brownfield expansion provides volume visibility

JSW Steel is amongst the world’s largest steel producer which has largely expanded organically. Post Covid industry trends have improved significantly due to sharp rise in […]
August 16, 2021

Monopoly position in power exchange with steady volume increases due to new products are key attributes at Indian Energy Exchange; main risk factor is regulatory changes

Indian Energy Exchange is India’s largest electricity exchange accounting for 90%+ of the traded volumes. Presence of most distribution companies on the company’s platform is a […]