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  • Shriram Trans.

    SHTF is a beneficiary of the on-going vehicle ‘super-cycle’. We expect good disbursements growth going ahead in both, used and new vehicle finance, due to demand drivers like ban on overloading, increasing tonnage of vehicles, etc. We expect an ...

    Buy Reco. Price: 1,140.00

  • Yes Bank

    RBI has asked Rana Kapoor’s (Yes Bank’s CEO) to step down from the post by January 31, 2019. His absence could result in loan and fee growth slowing down, and it’ll also will affect the bank’s ability to raise deposits. We expect the...

    Buy Reco. Price: 200.00

  • SKS Microfinance

    We forecast BFIL’s loan book to grow ~30% CAGR over FY18-20E, on the back of customer acquisition and increase in ticket size. The company will focus on launching newer products to cater to the increasing needs of their customers. Additionally, it pla...

    Buy Reco. Price: 965.00

  • Bajaj Fin.

    We expect strong AUM growth led by consumer finance (35% CAGR) that will be driven by CD financing business and SME segments. The company’s AUM would grow at CAGR of ~30% over FY18-20E. Revival in LAP and business loan growth of ~7% and ~36% CAGR is e...

    Buy Reco. Price: 2,534.00

  • Cholaman.Inv.&Fn

    We expect growth in CIFC’s loan book to be driven by an uptick in demand for vehicle finance and home loans. We  further expect to see traction in VF loan book at ~15% CAGR over FY18-20E due to disbursements. Home loans are expected to pick up pa...

    Buy Reco. Price: 1,181.00

  • RBL Bank

    RBL’s improved brand visibility, strategy of cross-selling, significant investment in technology and distribution network is expected to drive future growth. We expect strong business growth across all segments driving overall advances. We forecast ~3...

    Buy Reco. Price: 565.00

  • PNB Housing

    The company’s loan book growth is expected to improve due to focus on affordable housing scheme and regional penetration. Moreover, its a well-known brand and the lowest cost of funding provides it a competitive advantage over its peers. Its disti...

    Buy Reco. Price: 886.00

  • Interglobe Aviat

    IndiGo is transforming to gain market share (currently 42.4%) by shifting from pure sale/leaseback model to buying aircrafts as well as increasing emphasis on shorter-term leases. The airline has sufficient free cash of Rs4,418cr (as on Q2FY19) to fund flee...

    Accumulate Reco. Price: 1,099.10

  • Equitas Holdings

    As per RBI regulatory requirement, Ujjivan Financial will have to list its Small Finance Bank by September 2019, this will result in a dual listing of the bank and the holding company. This could lead to deepening discount on the currently listed entity...

    Buy Reco. Price: 119.00

  • BEML Ltd

    BEML’s healthy order book of Rs6,723cr provides revenue visibility for next 2-2.5 years. Coal production in India is expected to double from ~0.5bn tonne to 1bn tonne in the next few years leading to increase in demand for mining equipment and spares....

    Buy Reco. Price: 889.20