Five-Star Business IPO - RHP Updates and Peer Comparion
Five Star Business Finance is looking to raise around US$250m in its upcoming India IPO. In this note, we talk about the RHP updates and undertake...
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India: AMFI Stock Reclassification Preview
With 9 trading days to go in the review period, we see 5 stocks moving from Mid to Large and 7 stocks moving the other way. 2 new listings will be...
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Poonawalla Fincorp - Execution & Asset Quality Improve; Upgrade to Buy
Poonawalla Fincorp (PFL) reported PAT of Rs1.2bn, ahead of our estimate due to write- back of excess provisions, which were partially offset by...
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LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
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