Motilal Oswal - MOSL: Morning India (26/April/17)-1. Wipro; 2. UltraTech; 3. LIC Housing; 4. IDFC Bank; 5. MM Fin. Serv.; 6. Persistent Systems

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Motilal Oswal

Team Research

MOSL: Morning India (26/April/17)-1. Wipro; 2. UltraTech; 3. LIC Housing; 4. IDFC Bank; 5. M&M Fin. Serv.; 6. Persistent Systems

â€‹MOrning India (26/April/17): 1. Wipro; 2. UltraTech; 3. LIC Housing; 4. IDFC Bank; 5. M&M Fin. Serv.; 6. Persistent Systems

Todayâ€™s top research idea

Mahindra Financial Services: Strong beat on operating profit driven by asset quality improvement

â€‹MMFS' 4QFY17 net profit of INR2.34b was 16% below estimate, belying its strong operating performance. PPoP increased 7% YoY to INR7.25b (23% above estimates).
Reported AUM increased 14% YoY (+2% QoQ) to INR468b, driven by a 23% YoY rise in value of assets financed. This is the third consecutive quarter of 14% AUM growth, up from +10-11% over prior 4-6 quarters. Management is confident of revival in growth in most geographies due to improved infra and farm sentiment.
Cost of funds declined sharply by 70bp QoQ to 8.39%. Overall, margins expanded 325bp QoQ (seasonal phenomenon), but shrunk 25bp YoY to 10.48%. This is because of the strong recoveries witnessed in 4QFY16, which gave a boost to NIMs.

26/04/2017 24 EN

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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.

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Team Research

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MOSL: Morning India (26/April/17)-1. Wipro; 2. UltraTech; 3. LIC Housing; 4. IDFC Bank; 5. M&M Fin. Serv.; 6. Persistent Systems

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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