In today’s briefing:
- [Week 17] Namaste India 🙏 | Earnings Edition | HDFCB’s Core Concerns
- Brainbees Solutions (FirstCry) Pre-IPO – The Positives – Carving Its Niche
[Week 17] Namaste India 🙏 | Earnings Edition | HDFCB’s Core Concerns
- Due to the ongoing earnings season, for the next couple of weeks, we will temporarily deviate from our regular format and instead focus on reported earnings.
- HDFC Bank (HDFCB IN) – The core concerns that worry the street do warrant attention. While the management believes it is temporary, we anticipate some more incremental pain ahead.
- Other interesting names highlighted include Delta Corp Ltd (DELTA IN), IndiaMart (INMART IN), Polycab India (POLYCAB IN), and Poonawalla Fincorp (POONAWAL IN).
Brainbees Solutions (FirstCry) Pre-IPO – The Positives – Carving Its Niche
- FirstCry is looking to raise up to US$700m in its upcoming India IPO.
- FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
- In this note, we talk about the positive aspects of the deal.
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