Leveraged Financials: The Liquidity Conundrum
Our hypothesis remains anchored around strong retail deposit franchises and declining spreads over the next 12 months, coupled with the...
480 Views
HSIE Results Daily: Oil India, Astral, Eris Lifesciences, Aether Industries
Our ADD recommendation on Oil India with a target price of INR 680 is premised on oil production growth at 9% CAGR and gas production growth at 26%...
328 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits, Hitachi Energy
Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
509 Views
India – Not Time
There are discreet risks in India related to the impact of poor air quality and the syndemic, but also with respect to pre-existing financial...
418 Views
India: Corporate Liquidity Tightness Shows No Signs of Abating
We interacted with a few companies over the past week to gauge the current liquidity scenario. These include an infrastructure player, a tire maker...
542 Views