Blogs

August 3, 2020

Higher healthcare spending in a post Covid world to benefit Sun Pharma. Domestic sales and speciality products to drive sales as regulatory concerns recede

Sun Pharma is India’s largest pharma company with strong presence in India and US generics market. Performance for the past 2-3 years has been disappointing due […]
July 31, 2020

Telecom industry ripe for tariff improvement post consolidation. Bharti Airtel well placed to take advantage as profits may increase due to positive operating leverage

Bharti Airtel is India’s leading mobile telecom company. Intense competition in the industry has led to complete destruction of profits, but with consolidation in the industry […]
July 31, 2020

New products and increased use of exchange by players due to better price discovery to drive long term growth for Indian Energy Exchange

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 […]
July 31, 2020

Rising Gold loan portfolio on the back of rising prices driving performance at Manappuram Finance

Manappuram Finance is India’s leading gold finance company. It has diversified into micro finance, home loans and vehicle loans and currently non-Gold loans contributed 33% of […]
July 31, 2020

HDFC remains a secular growth story despite industry wide challenges

HDFC is India’s largest housing finance company with exemplary track record for growth and quality of balance sheet. Despite its size, it has been able to […]
July 30, 2020

Nestle a steady performer but very high valuations do not justify fresh investment

Nestle Is amongst India’s largest FMCG company with focus on categories which are best performing in the FMCG basket viz. foods and beverages. It is s […]
July 30, 2020

Quess Corp a good long term bet as acquisitions start to contribute to bottomline, impact of pandemic to be transient

Quess Corp is India’s largest staffing company with presence a few international locations. Post its listing in 2016 the company has been pursuing inorganic growth options […]
July 30, 2020

Covid Pandemic impact on SIS has been limited. Long growth drivers intact

SIS is India’s largest Security Service provider. Its subsidiary is the largest security provider in Australia. The Indian business also has a facility management vertical where […]
July 28, 2020

Massive provisioning for legacy NPAs impacted profitability at IDFC First Bank. Underlying business momentum is robust, but credit costs can again rise to due covid pandemic

IDFC First Bank, formerly IDFC Bank has changed its name post merger with Capital First. The merger is highly synergistic and provides low cost funding to […]
July 28, 2020

Ultratech Cement’s performance to improve once normalcy improves. Lower input costs to sustain, new acquistions to start contributing meaningfully

Ultratech Cemco is India’s largest cement company. Demerger of cement division of Century and its merger into the company provides an opportunity add value through transition […]