Blogs

May 3, 2021

PNB Housing is on road to recovery but track record on recoveries is an overhang

PNB Housing Finance is India’s leading housing finance company with focus on retail lending. Recent turmoil within the NBFC space has soured sentiment in the stock […]
May 3, 2021

Syngene is a company to watch as expansion projects get commissioned and environment for drug discovery services in a post Covid world

Syngene is India’s leading contract research company, with presence across the entire chain of research and development services for the pharma industry. Construction of a bulk […]
May 3, 2021

L&T Finance limping back to normalcy in operations but weak business model as revealed during the NBFC crisis is a concern area

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 […]
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 […]