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  • MMTC

    MMTC is a likely to post revenue growth of 13% over FY18-20E due to higher importation of goods by PSU firms and the company's entry into gold retailing through e-commerce. EBITDA margins are likely to remain at 0.4% in FY20E as margins are unlikely to ...

    Reduce Reco. Price: 37.55

  • SKS Microfinance

    We forecast its loan book to grow by ~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. It plans to focus more on i...

    Accumulate Reco. Price: 1,194.00

  • Aditya Birla Cap

    We expect ABFL to report ~30% AUM CAGR over FY18-20E, led by higher focus on retail, SME and mid-corporate segments along with branch expansions and better CAR. Focus on product and customer diversification, strong brand, exploiting technology platform and ...

    Buy Reco. Price: 140.00

  • Andhra Bank

    The bank has been allocated Rs1,890cr under PSU banks recapitalization programme for FY18E (assist in providing for bad loans and maintain regulatory capital).  Due to the steep rise in provisions for bad loans and the accounts referred to the insolven...

    Sell Reco. Price: 36.80

  • Bank of Baroda

    The proposed recapitalisation plan by the government would strengthen BOB’s capital position significantly (BoB has been allocated Rs5,375cr). Further, revival in domestic advances growth led by focused lending to retail & SME’s is expec...

    Reduce Reco. Price: 131.00

  • IndusInd Bank

    The bank is expected to register 27% loan book CAGR over FY18-20E propelled by improved loan mix and corporate loans. Further, strong consumer finance and rising CASA franchise bodes well for margin expansion. We expect loan book CAGR of 25% over FY18-20E d...

    Buy Reco. Price: 1,968.00

  • Bajaj Electrical

    In engineering and projects (E&P) solutions, BJE’s order book stood at ~Rs8,900cr driven by recent order wins in rural electrification segment. Hence, we expect E&P to deliver ~40% sales CAGR (FY18-20E) and EBIT margin of ~8%. In Consumer Dura...

    Buy Reco. Price: 532.00

  • Essel Propack

    Steady shift in revenue mix towards non-oral segment (guidance of 50:50 vs. 42:58 currently) bodes well for EBITDA margins (expansion of 137bps over FY18-20E to 20.6%). Increasing use of laminated tubes in non-oral care (pharma, beauty) due to lower cost, b...

    Buy Reco. Price: 249.95

  • BSE

    We are positive on BSE owing to (a) Monetization of its mutual fund (MF) platform (Rs5 per transaction) and rising flows into mutual funds, (b) growing participation of investors in equities vs. traditional assets (real estate, gold) and (c) increasing IPO ...

    Buy Reco. Price: 860.00

  • Crompton Greaves

    We see CG Power’s divestment (by June 2018) of loss making international business in Hungary (power system business) to improve profitability (will reduce operating loss of Rs100cr/quarter) and reduce net debt (Rs1,730cr currently) in the long-term. F...

    Buy Reco. Price: 58.00