Cholamandalam Investment & Finance: Signs of Recovery
We recommend a BUY with a target price of 690 (3.9x FY24 P/ABV). Cholamandalam Invst. & Finance Company Ltd (CIFC) Q2FY22 performance was led by a...
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HSIE Results Daily: Aditya Birla Capital, Indian Oil Corporation, BPCL, Cholamandalam, Voltas,...
Aarti Industries: We maintain our BUY recommendation on Aarti Industries (AIL) with a target price of INR 1,330/share. We expect the company's PAT...
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Cholamandalam Invesment & Finance: Strong Operating Performance; Pressure on Asset Quality
We maintain HOLD with a target price of 570 (3.7x FY23 P/ABV). Cholamandalam Invesment & Finance (CIFC) Q1FY22 performance was a mixed bag.
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HSIE Results Daily: NTPC, IOC, Britannia and More
NTPC: Generation/sales increased 19.2%/19.3% YoY to 71.7bn/66.6bn unit in Q1FY22 on the back of demand recovery. Coal PAF, however, declined in...
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NBFCs: Pandemic year navigated; recovery interrupted
We reiterate CIFC among larger NBFCs and CREDAG among mid-sized ones as our top picks within our universe. As REPCO finally brought the curtain...
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