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BOB Capital Markets Ltd.

BOB Capital Markets Ltd.
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BOB Capital Markets Ltd

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India • Equity Bottom-Up
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bullish•Affle 3i
•11 Sep 2021 04:02•Syndicated

Affle (India) (BUY): Annual report analysis Sustained R&D focus

Ecosystem-level partnerships fortify AFFLE's defense against data/ privacy risk

bullish•Hero Motocorp
•14 Aug 2021 02:01•Syndicated

Hero MotoCorp (HOLD): Lacklustre quarter

Q1 revenue fell 37% QoQ on reduced volumes and ASP. High RM cost and lower operating efficiency further dampened PAT

bullish•Ashok Leyland
•14 Aug 2021 02:01•Syndicated

Ashok Leyland (SELL): Margin stress ahead; maintain SELL

Q1 revenue and gross margin beat our estimates but lower operating efficiency crimped profitability

•07 Aug 2021 02:01•Syndicated

Greenply Industries (HOLD): Low base aids Q1; MDF foray to be beneficial in long run

Consolidated Q1 revenue grew 97% YoY backed by a 98% upswing in India business

•07 Aug 2021 02:01•Syndicated

Cera Sanitaryware (HOLD): Growth picks up off a low base

Q1 consolidated revenue grew 56% YoY due to a low base effect with the sanitaryware/faucet segments increasing 54%/66%

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