Principal Research Analyst, tracks BFSI at CNBC TV 18 Ex - Sell side analyst Views r personal RT aren't endorsements Comments aren't recommendations F1 fan
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[email protected] NCD HDB Financial Services takes Rs80 cr via reissue of July 2025 bonds at 7.60% yield Aditya Birla Finance takes Rs25cr for reissue of June 2025 bonds at 7.57% yield Tata Power Renewable to raise Rs300cr via seven-year bonds at 7.90% coupon
likely to lead to softer margins and expensive inorganic expansion Reco & TPs UltraTech, O-PF, 7365 to 7200 Dalmia, O-PF, 1705 to 1730 ACC, U-PF to O-PF, 2300 to 2770 Ambuja, U-PF to SELL, 375 to 470 Shree Cem, U-PF, 21200 to 21300 Ramco, SELL, 635 to 675
ALM looks better positioned than before The ability to pass on rate hikes is key @SBICard_Connect, Chola and @bandhanbank_in are our preferred picks Rating & TPs SBI card O-PF TP Rs1260 Bajaj Fin U-PF TP Rs5000 Chola O-PF TP Rs880 Bandhan O-PF TP Rs390 LIC HF O-PF TP Rs490
[email protected] CLSA note Reading the tea leaves “Free” UPI driving growth; Fintechs get small portion of sector revenues After initiating coverage on the payments sector in July 2022, both SBI Cards (SBIC) and Paytm rallied in August yet have since corrected c.10-20% from those
[email protected] @SBICard_Connect gains mkt share in spends, 1st time in 5 months Spends mkt share at 17.43% vs 16.7%MoM For Aug’22, SBI Card: (Performance is better than industry average) Total cards +2% MoM vs indy at -3% Total spends +1.24%MoM vs indy at -0.18%
#Whatsappfwd Once inflation is above 5% in advanced economies, it takes on average 10 years to drop to 2%
[email protected] #Nifty breaches #200DMA of 16993
[email protected] Bond mkt actions NCDs M&M Financial Services to raise at least Rs250 cr via 10-year bonds at 8.00% coupon IREDA withdraws planned 3-year and 16-day bonds IREDA sets 7.85% coupon for 10-year and 15-day bonds, accepts bids worth Rs1200 cr
[email protected] NCDs SBI sets 7.57% coupon for 15-year Tier II bonds, accepts bids of Rs4000 cr IREDA to raise funds via over 3-year and over 10-year bonds GMR Airports accepts bids worth Rs1110 cr for 2-year bonds REC sets 7.32% coupon for 3-year and five-month bonds,
[email protected] Jefferies on LICHF BUY TP Rs510 from Rs450 Better Placed Amid Rising Interest Rates Home loan rate hike of 125/110 bps YTD FY23 could lift spreads despite rising interest rates given favorable floating asset/ fixed liability profile Asset quality issues have likely
[email protected] Central Bank of India is opens +13% as RBI removes it from PCA framework Alert: GOI holding at 93.08% in the bank
balance sheet & backward integration puts it in the driver's seat in the US$ 74bn opportunity RIL's hydrogen business is worth US$ 8bn (Rs 100/share) at a 20% disc to European benchmark We value RIL's electrolyzer manufacturing business at a 20% discount to the European benchmark
[email protected] Jefferies on RIL BUY TP Rs3080 from Rs2980 Green Hydrogen Foray: A Deep Dive RIL's green hydrogen foray is part of its Net Carbon Zero target by 2035. Falling renewable cost and scale economics will lower green hydrogen cost. Given the capex intensity, RIL's strong
large market in the world Mgmt, however is bullish on the Q/C business and sees Blinkit as a large driver of growth and profitability going forward Food AOV should remain largely steady as price inflation would be offset by mix change Blinkit economics: Mgmt indicated several
scooter launch and expansion in distribution, while Hero MotoCorp is planning to enter the electric two-wheeler market in October 2022 Top 3 players in the segment (Hero Electric, Okinawa Autotech & Ampere Vehicles) are losing mkt share to incumbents which have a stronger brand.
[email protected] Hits 52 week high in trade @MyIndusIndBank Karnataka Bank @Maruti_Corp Eicher Motors Adani Ports ITC Ambuja Cem
Apart from Bajaj Finance, there was not much interest in NBFCs Interest in Axis Bank, despite cheap valuations, continued to be low among EU/UK investors Bankers see some early signs of capex-related credit growth in 2HFY23
as in earlier cycles The average credit multiplier (credit growth to nominal GDP growth) over the past 50 years has been around ~1.3x. We expect nominal GDP growth to be ~13% for FY23E, with credit growth of ~16% for FY23E We were marketing in the UK and EU last week
We estimate that 1% subvention on priority sector MSI loans costs about INR1,440bn, equivalent to 0.05% of GDP in FY23-24
rice harvest. It could sell to the market to meet shortfalls. Delhi should buffer the sharp rise in lending rates to micro and small industries, a major employer of migrant workers, as the RBI battles inflation We see the RBI raising another 65bps by December.
Principal Research Analyst, tracks BFSI at CNBC TV 18 Ex - Sell side analyst Views r personal RT aren't endorsements Comments aren't recommendations F1 fan
Followers: 40,475
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