Motilal Oswal - MOSL: Morning India (3/October/17): 1. Piramal Enterprises (Final piece of the jigsaw in place) 2. Automobile (Sep. Volumes) 3. Oil Gas 4. JK Cement

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Motilal Oswal

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MOSL: Morning India (3/October/17): 1. Piramal Enterprises (Final piece of the jigsaw in place) 2. Automobile (Sep. Volumes) 3. Oil & Gas 4. JK Cement

â€‹MOrning India (3/October/17): 1. Piramal Enterprises (Final piece of the jigsaw in place); 2. Automobile (Sep. Volumes); 3. Oil & Gas; 4. JK Cement

Todayâ€™s top research idea

â€‹Piramal Enterprises: Final piece of the jigsaw in place; Completes its real estate lending product suite with launch of HFC arm
Post the receipt of the HFC license in the first week of September, Piramal Enterprises (PIEL) is off to a good start, driven by its â€˜B2B2Câ€™ strategy, i.e. reaching out to home buyers in projects funded by PIEL. It has already on-boarded 15 developers, 500 connectors and 50 DSAs, building AUM of INR2b.
While this was anticipated, PIEL has finally added the last piece of the â€˜real-estate jigsawâ€™ â€“ its product suite now ranges from pure equity for land purchase by the developer to home loan for end-home buyer.
The company is deploying a hub-and-spoke model for its sourcing and underwriting business. Over the next three years, management plans to open 24 branches, with a 50:50 split between Tier I and Tier II/III cities.

Piping hot news

â€‹Fitch prunes Indiaâ€™s GDP forecast to 6.9%
Rating agency Fitch scaled down Indiaâ€™s growth forecast for the current fiscal to 6.9 per cent, from the earlier projection of 7.4 per cent.

03/10/2017 26 EN

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MOSL: Morning India (3/October/17): 1. Piramal Enterprises (Final piece of the jigsaw in place) 2. Automobile (Sep. Volumes) 3. Oil & Gas 4. JK Cement

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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