In today’s briefing:
- Lenskart Solutions Pre-IPO – The Positives – Worth Keeping an Eye On
- HDFC Bank (HDFCB IN) Tactical Outlook: Time to Lock In Gains
Lenskart Solutions Pre-IPO – The Positives – Worth Keeping an Eye On
- Lenskart Solutions is looking to raise about US$1bn in its upcoming India IPO.
- Lenskart Solutions Limited (LSL) is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products.
- In this note, we talk about the positive aspects of the deal.
HDFC Bank (HDFCB IN) Tactical Outlook: Time to Lock In Gains
- Despite good earnings results, HDFC Bank (HDFCB IN) does not seem to be going anywhere. The stock did rally for the past 3 weeks but after the earnings stayed flat.
- Our quantitative probabilistic model indicates HDFC Bank usually does not rally for more than 4 weeks when this pattern is encountered (we are in the 4th week, this week).
- From a price perspective, our model shows a mildly overbought stock, confirming the slow pace. The pullback should be short-lived (1-2 weeks), but it’s imminent.
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