MOSL: Morning India (3/May/18): 1. IndusInd Bank; 2. HCL Technologies; 3. Hero Motocorp; 4. Dabur India; 5. Interglobe Aviation; 6. Marico; 7. Siemens; 8. Tata Power
MOrning India (3/May/18): 1. IndusInd Bank; 2. HCL Technologies; 3. Hero Motocorp; 4. Dabur India; 5. Interglobe Aviation; 6. Marico; 7. Siemens; 8. Tata Power
Today’s top research idea
Indusind Bank: BHAFIN’s performance on track; earnings to accelerate post-merger; Expect RoA/RoE to recover to 2.2%/20.3% by FY20
- IndusInd Bank has now entered the fourth planning cycle (FY18-20). Besides delivering healthy profitability and gaining market share in the existing businesses, it intends to further develop its long-cherished livelihood financing theme in this cycle.
- IIB has already taken a first step toward this by announcing a merger with its business correspondent (BC) partner, BHAFIN. It will be able to leverage BHAFIN’s rural network, and thus, provide last-mile financing to villages without incurring additional cost.
- We expect IIB to report healthy acceleration in earnings over FY18-20 and project RoA/RoE of 2.2%/20.3% in FY20. Our forecasts are premised on expectations of steady expansion in margins (FY20E: 4.7%), an improvement in the C/I ratio (by 190bp) and controlled credit cost.
Piping hot news
It’s Dalmia vs UltraTech again for Binani Cement
- The Kolkata bench of the bankruptcy court on Wednesday ruled that the lenders of debt-ridden Binani Cement Ltd should consider the revised offer of UltraTech Cement Ltd even as it allowed Dalmia Bharat Ltd, chosen by lenders to take over the indebted cement-maker, to submit new bids, effectively restarting a contest between the two suitors.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.