The acquisition of KPCL significantly increases ADSEZ’s footprint on the East Coast and should increase access to the southern hinterland around Andhra Pradesh. Further, we assess that the likely change in industry concentr
Redemptions in Nov-19 were at Rs 310 bn vs. Rs 220 bn of run-rate in CYTD19. Credit risk funds continued to see outflows, given increased risk aversion. AUM growth both in equities and overall has turned positive at 13-14% y-
Synergistic diversification into new verticals to drive growth in the near term: KEC has witnessed strong growth in Railways
(sales doubling each year over FY16-19), and management expects a similar growth trajectory in th
China and Hospital Institutional sales are expected to scale up substantially over time, according to management. India is the key focus market, where the company expects to sustain growth ahead of the broader market.