Swiggy IPO - Not as Cheap as It Looks
Swiggy is looking to raise around US$1.35bn in its India IPO. We have looked at its past performance earlier. In this note, we talk about valuations.
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Swiggy Pre-IPO - Peer Comparison - Smaller, Slower and Less Profitable
Swiggy is planning to raise around US$1.25bn through its upcoming India IPO. In this note, we undertake a peer comparison.
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Bajaj Finance - Elevated Credit Costs Remain a Drag on Earnings
Bajaj Finance (BAF)’s reported PAT in 2QFY25 grew 13% YoY to ~INR40.1b (in line). NII grew 23% YoY to ~INR88.4b (in line). Non-interest income...
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Bajaj Finance - Credit Cost Peaking; Standalone Valuation Turns Attractive; BUY
To reflect the Q2 developments and management commentary, we have adjusted our FY25-27 estimates, which leads to a ~4% cut in earnings.
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Bajaj Finance Ltd - Mixed Q2, Commentary Offering Comfort
Overall operating performance was in line however higher credit (2.1% versus 1.9% q-o-q) was a key dampener resulting in muted earnings growth.
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