Motilal Oswal - MOSL: Morning India (17/January/19): 1. India Strategy - Contrarian Investing (Quarterly Update); 2. Cholamandalam Invst Fin; 3. Mindtree; 4. DCB Bank; 5. KPIT Tech; 6. Trident; 7. EcoScope; 8. Agriculture

Report

Motilal Oswal

Team Research

EUR 120.00 For Business Accounts Only

MOSL: Morning India (17/January/19): 1. India Strategy - Contrarian Investing (Quarterly Update); 2. Cholamandalam Invst & Fin; 3. Mindtree; 4. DCB Bank; 5. KPIT Tech; 6. Trident; 7. EcoScope; 8. Agriculture

MOrning India (17/January/19): 1. India Strategy - Contrarian Investing (Quarterly Update); 2. Cholamandalam Invst & Fin; 3. Mindtree; 4. DCB Bank; 5. KPIT Tech; 6. Trident; 7. EcoScope; 8. Agriculture

Today’s top research idea

India Strategy: Contrarian Investing – Quarterly Update; A review of our contrarian investment strategies

Our thematic strategy note on , published in June’17, gives a detailed account of the subject matter. In this note, we have reviewed the performance of our strategies in the last quarter:

Neutral to moderately popular stocks performed the best, beating the benchmark. On the other hand, the most popular stocks came in third.
Low P/E stocks performed the best, beating the benchmark. On the other hand, high P/E stocks came in second worst.
High PCF stocks performed the best, beating the benchmark. On the other hand, low PCF stocks came in third.
Net Sell to Net Buy stocks for 3QFY19: HDFC Life
Contrarian BUYs: ACC, Ashok Leyland, Bharti Airtel, BoB and HPCL
Contrarian SELLs: Bajaj Finance, Kotak Mahindra Bank, Tata Power and Zee

Piping hot news

SBI puts loan exposure to Essar Steel on the block

The State Bank of India (SBI) on Wednesday put on sale its â‚¹15,431 crore exposure to Essar Steel Ltd, as last-minute litigations continue to delay the recovery of its loans to the steelmaker. The bank has set the aggregate reserve price for the full-cash sale at â‚¹9,588 crore. In a notice on its website, SBI said its exposure to Essar Steel includes categories such as working capital, term loan, corporate loan, export performance bank guarantee and standby letter of credit.

17/01/2019 34 EN

Provider

Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

See profile

Analysts

Team Research

Other Reports from Motilal Oswal

Abhijit Tibrewal

Abhijit Tibrewal

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality (HOMEFIRS IN, Mkt Cap USD0.9b, CMP INR802, TP INR1025, 28% Upside, Buy) HomeFirst’s 2QFY23 PAT grew 21% YoY/6% QoQ to INR543m (in-line). Credit costs grew 37% QoQ to INR50m (MOFSLe: INR31m). Underlying this, the NII grew 58% YoY to ~INR1b (in-line). ‘Other income’ grew 13% QoQ, driven primarily by higher treasury gains and investment income. Opex was 7% higher than estimated and grew 47% YoY and 14% QoQ, led by investments in new branches and resultant higher employee expenses. Disbursements grew 36%...

EUR 120.00

October 21, 2022 October 21, 2022 12 EN

Aliasgar Shakir

Aliasgar Shakir

MOSL : SHOPPERS STOP: Ticking the right boxes

. SHOPPERS STOP: Ticking the right boxes (SHOP IN, Mkt Cap USD1b, CMP INR780, TP INR805, 3% Upside, Neutral) Aided by price hikes, SHOP reported a healthy 19% revenue growth in 2QFY23 from pre-COVID levels (8% beat) on healthy (+10%) SSSG and sustained volumes. EBITDA grew 2.3x YoY (22% over pre-COVID levels), with a 540bp margin improvement. 1) A strong recovery in revenue, backed by an improved pricing; 2) expansion within the Beauty and Private Label segment; and 3) healthy annual 12/15 store additions for SHOP/Beauty are expected to drive business growth going forward. We expect a r...

EUR 120.00

October 21, 2022 October 21, 2022 13 EN

Tushar Manudhane

Tushar Manudhane

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities (ERIS IN, Mkt Cap USD1.2b, CMP INR708, TP INR860, 21% Upside, Buy) Eris Lifesciences (ERIS) delivered better than expected 2QFY23 performance, led by superior traction in new launches and improved operating leverage. ERIS is notonly sustaining the momentum in its recently launched products, but it is also preparing itself for an aggressive pace of new introductions. We reiterate our earnings estimate for FY23/FY24 and continue to value ERIS at 22x 12M forward earnings to arrive at a price target of INR860. We re...

EUR 120.00

October 21, 2022 October 21, 2022 11 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

MOSL: Morning India (17/January/19): 1. India Strategy - Contrarian Investing (Quarterly Update); 2. Cholamandalam Invst & Fin; 3. Mindtree; 4. DCB Bank; 5. KPIT Tech; 6. Trident; 7. EcoScope; 8. Agriculture

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe