Category: Broker Research

SBI is India’s largest commercial bank with balance sheet size of INR 35tn. It has nearly 22,090 branches on standalone basis. Over the past two years, the bank has increased its focus on retail credit to provide itself the necessary growth momentum and improve spreads.
April 29, 2019, 10:13 a.m.

Increase in cost of funds and decline in average yield explain slowdown of NII growth to 6.9% (yoy) in Q3FY19, compared to 15.4% (yoy) growth in Q3FY18.
April 26, 2019, 10:37 a.m.

GCPL enjoys a market leading position in the domestic household insecticides (HI) and hair colors market and is the second largest player in the domestic soaps market.
April 25, 2019, 12:34 p.m.

Battered by rising EDC prices (with adverse effect on PVC/EDC delta), margins on its flagship PVC resin business nosedived to 16.2% fin Q3 from 18.5% In the same period a year ago.
April 25, 2019, 12:26 p.m.

We are downgrading ABB India from Hold to Reduce given high valuations post recent run up (19% in last three months) in stock price. ABB Ltd’s (ABB’s) CY18 annual report indicates that digitalization, automation and smart infrastructure will be company’s future growth drivers.
April 25, 2019, 11:34 a.m.

Wipro Ltd. is an Indian multinational corporation and a leading global information technology, consulting and business services company. It is headquartered in Bengaluru, Karnataka, India.
April 23, 2019, 12:40 p.m.
Author : AUM CAPITAL | Publisher:

Mastek incorporated in 1982, is engaged in providing software solution and integration services to Government, Retail and Financial services organisations worldwide. Over time, it has emerged as a leading provider of Enterprise Digital Transformation services for both public and private enterprises.
April 22, 2019, 12:09 p.m.
Author : HDFC Sec | Publisher:

We evaluated likely impact of a merger between Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF) and believe that it will unlock value for shareholders.
April 22, 2019, 10:50 a.m.

JSW Steel (JSW) is the most cost-effective steel producer in India, despite limited backward integration, as it focuses on cost-effective conversion.
April 22, 2019, 10:49 a.m.

Sustained out-performance in branded domestic formulation (DF) space coupled with enhanced opportunities in the API segment and additional business from institutional Anti-Malaria segment shows that IPCA has enough headroom to be on a strong earnings trajectory over the next 2-3 years.
April 22, 2019, 10:35 a.m.