Guidance revision a positive surprise; growth likely to be in top quartile in FY22; EPS for FY22e up 2%; ‘Buy’…

During FY18–21, STAR outperformed the industry in premium growth, with 31.4%/ 32.4%/ 35.3%/ 8.5% growth in Total Premium / Retail…

Growth outlook is intact but near-term issues limit upside; FY22/23 EPS down 2/4%; ‘Neutral’ retained with TP of Rs 3,770

Tata Motors (TTMT) is a leading global automobile manufacturer with a wide range of PVs, SUVs, buses, trucks, pick-ups and…

No material impact is likely in near term; better power supply a structural risk; Sell retained with TP of Rs…

~28% loan CAGR estimated over FY21-24e; firm likely to see strong retail growth; ‘Buy’ retained with TP of Rs 3,150

In 1QFY22, nearly 60% of the clients acquired were below 30 years of age, and ~80% were from tier 2…

By segmenting borrowers based on their CIBIL score, irrespective of the category of employment, LICHF aims to cater to a…

The company’s return profile remains strong, with ROE/ROCE at 25–26%/21–23% over FY21–24E. We maintain ‘buy’. As highlighted in its annual…

Demand outlook healthy; earnings could compound at 14-15% over the next 10 years; ‘Buy’ retained with TP of `3,280

PAT CAGR of 35% expected over FY21-24e; initiated coverage with ‘Buy’ rating and target price of Rs 2,065

The said consideration would be paid through a) 87m shares in HDFC Life at a price of Rs 685/sh and…

The management has increased its focus on scaling up large accounts along with large deals, which will drive growth. It…

The sales momentum is also leading to increased asset turns. Consequently, ROCE seems poised to cross 20% levels for the…

Post this equity infusion, MUTH’s stake in Belstar Microfinance will reduce to 57.9%, and MAJ Invest, Augusta Investments, and Arum…

Fundamentals are sound; firm is poised for strong earnings momentum once order inflows pick up; ‘Buy’ retained with TP of…

GNPAs down 43% over past 3 years; 14% CAGR in PPOP estimated over FY21-23e; ‘Buy’ retained with TP of Rs…