Wipro has outperformed peers within the BFSI vertical with double-digit revenue growth (14% y-o-y in 2Q18) and strong deal wins. The recovery in IT spending by some of its banking clients (for which Wipro has a larger presen
We expect Maruti to report a strong Q2, reporting margin expansion of 90-100 bps q-o-q. While YEN is adverse, the impact will not be significant and more than offset by operating-leverage, pricing increase and better mix. (i)
While acquiring the right to operate at Abbot Point Coal terminal represents a risk-free profit stream without capital investment, it is unlikely to add to ADSEZ’s profits significantly in the near to medium term
After the sharp run in stock price, the current valuation multiple implies long-term annualised earnings growth expectation of c13-14%, which in our view is significantly high if not excessive and limits upside.