Indian Equity Research and Investment Strategy
How to Get More Returns in Mutual Fund SIP with Swing Strategy ?
Max Life Insurance – Revised Deal, Positive for Max Financial
Will the Digital Neo Banking Platforms Succeed in India ?
Should you own the Life Insurance Business ?
Does HDFC AMC deserve High Valuation ? Review
Valuation of Indian Markets & Relentless FII Selling
Why Indian StockMarket Quoting at High P-E ?
Why Value Investing Does not Work in India ?
Indraprastha Gas Ltd is expected to thrive on the back of higher scope for penetration, sustaining conversion rate and price advantage. Volumes to double in next 5 years backed by low CNG penetration in Delhi (13% of three & four wheelers) and expansion into Noida and Ghaziabad markets. Will benefit from Increasing CNG variants being introduced by (more…)
Anand Rathi has initiated coverage on HSIL with a BUY Rating. HSIL leverages its strong brand and wide distribution network by selling
complementary products (in the bathroom and kitchen ‘solutions’ category) garnered through a strategic tie-up or manufactured by
it.
India’s largest sanitaryware player with a 40% market share, HSIL could (more…)
High distributor commissions and upfront charges on insurance products appear to be the key areas of contention in the recent regulatory tussle between IRDA and SEBI. From media reports, the finance minister appears inclined towards a no-load model for all financial products over the long term.
We believe insurance companies will need to gradually reduce upfront distributor payouts or may even have to move close to a (more…)
Nitin Fire Protection Industries Ltd – reported a strong 4QFY10 performance, with revenues more than doubling yoy (104%) to Rs1,054m, while earnings jumped 179% to Rs155m. Sales and earnings for FY10 grew 28% and 27%, respectively.
All the three business segments contributed to the 104% yoy revenue growth in 4QFY10. The fire-fighting business grew 46% yoy, (more…)
Magma Fincorp (Magma) is one of the larger non-banking finance companies in India (Rs94bn AUM). It has a diverse funding suite of CVs, cars, construction equipments, SME and tractor loans. It has recently entered into a JV with HDI Gerling of Germany for setting up a non-life insurance subsidiary in India. While Magma is a relatively diversified business, comparable listed peers would be SREI, Shriram Transport, Sundaram Finance.
Business Operations – Balance sheet loans formed only 30% of total (more…)
Infosys Technologies has put a dismal performance for the FY 2009-2010. Pricing declined ~70 bps (constant currency). EBITDA margin declined ~150bps (our exp: ~90bps decline). Reported net profit was Rs16b, in line. However, excluding gains on sale of investment (Rs.480m), it was lower than expectations.
The company expects Overall, US$ revenue growth guidance builds in 3-4% QoQ growth for its guidance of 16-18% YoY revenue growth. EPS (more…)
