Publisher : angelbroking.com


At the current market price, the bank’s core banking business (after adjusting the value of subsidiaries) is trading at 1.6x FY2021E ABV.
May 25, 2019, 2:01 p.m.
Publisher: angelbroking.com

We expect STFC’s AUM to grow at CAGR of 16% over FY2019-21E primarily owing to (1) post election government to increase spending on infra project (macro recovery), and (2) pre-buying of CV before the BS VI will also improve the pricing of older vehicles. We expect STFC to report RoA/RoE to 2.7%/17.6%.
May 25, 2019, 2:01 p.m.
Publisher: angelbroking.com

Given the ongoing global trade concerns, we expect steel prices to remain volatile along with increasing iron ore prices due to Vale incidence.
May 24, 2019, 2:01 p.m.
Publisher: angelbroking.com

For 4QFY2019, Blue Star posted results above our expectations on both top-line & bottomline front. The company reported 18.5% yoy top-line growth and PAT was up 199% yoy due to strong operating performance and one-time deferred tax credit recognized by the Company’s subsidiary Blue Star Engineering & Electronics Ltd.
May 6, 2019, 11:41 a.m.
Publisher: angelbroking.com


For Q4FY2019, Axis Bank reported PAT of Rs. 1,505cr driven by healthy NII growth (20.6% yoy), strong traction in fees income (15% yoy), contained Opex (11.1% yoy).
May 3, 2019, 11:27 a.m.
Publisher: angelbroking.com

Yes Bank has reported loss of Rs. 1,506cr largely driven by higher provision (increased 9x yoy) and decline in fees income. Higher Provisions were driven by contingent provision for standard asset, on which management took upfront recognition, the size of the new stressed asset stands at Rs. 10,000cr.
April 30, 2019, 11:12 a.m.
Publisher: angelbroking.com

MSIL’s top-line grew by 1% yoy to Rs. 21,459cr on the back of price hikes (up 2% yoy). Overall volume growth declined by 0.7% yoy, mainly due to weak domestic market conditions and sluggish export markets during the quarter.
April 26, 2019, 11:12 a.m.
Publisher: angelbroking.com

HDFC Bank delivered steady performance for Q4FY2019, with PAT growth of 22.6% yoy. Pre-provision profit grew at healthy rate of 22.7% yoy, however it was lesser than previous quarter (27.6% yoy) largely owing to moderation in fee income.
April 22, 2019, 12:12 p.m.
Publisher: angelbroking.com

RBL Bank delivered healthy set of numbers for Q4FY2019, with PAT growth of 39% yoy. On the operating front, the bank reported 48% yoy growth in NII.
April 20, 2019, 12:12 p.m.
Publisher: angelbroking.com

Hero Motors, one of the largest player in the Industry in the two-wheeler industry (38% market share as on FY2018); has been facing strong headwinds after its breakup with Honda.
March 27, 2019, 11:48 a.m.
Publisher: angelbroking.com