Motilal Oswal - MOSL: Morning India (27/October/17): 1. Yes Bank- 2. United Spirits- 3. LT Fin. Holdings- 4. ABB- 5. Emami- 6. Cummins India- 7. MM Fin. Serv.- 8. Biocon

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Motilal Oswal

Team Research

MOSL: Morning India (27/October/17): 1. Yes Bank- 2. United Spirits- 3. L&T Fin. Holdings- 4. ABB- 5. Emami- 6. Cummins India- 7. M&M Fin. Serv.- 8. Biocon

â€‹MOrning India (27/October/17): 1. Yes Bank; 2. United Spirits; 3. L&T Fin.Holdings; 4. ABB; 5. Emami; 6. Cummins India; 7. M&M Fin. Serv.; 8. Biocon; 9. Tata Comm.; 10. Crompton Gr. Con.

Todayâ€™s top research idea

M&M Financials Services: Migrates to 90dpd; Targets 9-10% GNPL ratio on 90dpd by end-FY18

Mahindra & Mahindra Financial Services (MMFS) reported strong operating performance. AUM grew 14% YoY to almost reach INR500b, registering the fifth straight quarter of 13-14% AUM growth. Growth was driven primarily by tractors (+14% YoY), pre-owned vehicles (+14% YoY), and SME (+71% YoY).

The business environment for MMFS seems to be getting better. Asset quality data signal early signs of revival. Growth is also picking up.

We like the fact that the company chooses to improve balance sheet quality over near-term profitability, and has migrated to 90dpd in advance of regulatory requirement. The company's long-term prospects remain strong.

Piping hot news

IDFC-Shriram merger in trouble over valuation

â€‹Differences over the valuation of IDFC Ltd have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 billion, said three people aware of the development.

27/10/2017 38 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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MOSL: Morning India (27/October/17): 1. Yes Bank- 2. United Spirits- 3. L&T Fin. Holdings- 4. ABB- 5. Emami- 6. Cummins India- 7. M&M Fin. Serv.- 8. Biocon

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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