Motilal Oswal - MOSL: Morning India (21/July/17)-1. MM (AR Update)-2. Reliance Inds.- 3. Kotak Mah. Bank; 4. Wipro-5. Hind. Zinc- 6. Bajaj Auto

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Motilal Oswal

Team Research

MOSL: Morning India (21/July/17)-1. M&M (AR Update)-2. Reliance Inds.- 3. Kotak Mah. Bank; 4. Wipro-5. Hind. Zinc- 6. Bajaj Auto

â€‹MOrning India (21/July/17): 1. M&M (Annual Report Update); 2. Reliance Inds.; 3. Kotak Mah. Bank; 4. Wipro; 5. Hind. Zinc; 6. Bajaj Auto; 7. ABB; 8. Alembic Pharma

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Todayâ€™s top research idea

â€‹Kotak Mahindra Bank: Strong all-around performance; Merger synergies yielding results
KMB's strong operating performance was marked by robust performance in both standalone bank and its other businesses.
Strong presence across geographies/products and healthy capitalization (T1 of ~19%) place the bank in a sweet spot to capitalize on growth opportunities and gain market share.
KMB's premium multiples are likely to sustain, considering strong growth and operating leverage available across businesses, and a clean loan portfolio.
Comfort on asset quality remains the highest, with no SDR/5:25, negligible SMA2 (21bp) and OSRL (6bp). At our SOTP of INR1,153, KMB will trade at 4.2x 2019E consol. BV. Buy.

Piping hot news

Under Vikram Limaye, NSE applies to settle co-location case with Sebi

â€‹The National Stock Exchange of India Ltd (NSE) on Thursday sought a settlement with the markets regulator over allegations that it had provided unfair access to its high-frequency trading systems to some brokers.

21/07/2017 34 EN

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MOSL: Morning India (21/July/17)-1. M&M (AR Update)-2. Reliance Inds.- 3. Kotak Mah. Bank; 4. Wipro-5. Hind. Zinc- 6. Bajaj Auto

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

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