MOSL: Morning India (5/February/18): 1. Bulls & Bears; 2. Bajaj Auto; 3. Bajaj Finance; 4. Hindalco Inds; 5. Ashok Leyland; 6. United Breweries;
MOrning India (5/February/18): 1. Bulls & Bears; 2. Bajaj Auto; 3. Bajaj Finance; 4. Hindalco Inds; 5. Ashok Leyland; 6. United Breweries; 7. Cummins India; 8. MRPL; 9. GSK Pharma; 10. Other Results; 11. Automobiles
Today’s top research idea
Bajaj Finance: Growth outlook remains healthy; Pressure on LAP continues
- Bajaj Finance (BAF) had a strong quarter with 35% YoY AUM growth, modest margin uptick (due to higher capital), and stable asset quality.
- From a customer base of 25m currently, management targets to reach 75m over the next five years. BAF already has a database of 30m people who are mass affluent but not yet customers of the company – management would like to tap around half of them. Tie up with RBL is showing strong traction and it has already issued 0.25m cards and target to end with 1m cards by end of CY18.
- Management has infused INR12b in the HFC subsidiary, taking its net-worth to INR15.5b. Over the next 5 years, this could be an INR600-700b balance sheet, as per management.
Piping hot news
GST E-way Bill: System set to rollout in 2 weeks; Bihar may well have lost Rs 10000 cr
- Even as GST Network (GSTN) is busy addressing the technical glitches that thwarted implementation of the e-way bill mechanism — was to be rolled out from February 1 but was postponed till a date to be announced — and believes that it might take a couple of weeks to fix the problem, revenue-hungry states are putting pressure on the Centre to avoid any further delay in the use of the key anti-evasion tool.
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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