Devyani IPO - Still Some Upside on Un-Adjusted EBITDA Basis
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, aims to raise around US$250m via its Indian IPO. The IPO will be a...
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Bajaj Finance: Undergoing Major Transformation Towards Becoming a Fintech Company
Bajaj Finance is undergoing a major transformation and could become the next big fintech of India. It is launching an app ecosystem offering omni...
186 Views
Angel Broking: Riding the Digital Broking Wave in India, But It May Slip
Angel's stock has risen 4x in the last four months on the back of rise in digital broking in India. However, aggressive customer acquisition...
179 Views
Bajaj Finance: Muted Performance in Q1FY22
We maintain a SELL on the stock with a target of Rs 4,300/share (5x FY23E ABV). Bajaj Finance (BAF) Q1FY22 PAT was below our estimates at Rs 1,004 Cr
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Asset quality and growth show transitory pain; return ratios remain high
Bajaj Finance (BAF)'s 1QFY22 PAT was up 4% YoY / down 26% QoQ to ~INR10b (27% miss). While NII at INR37b (5% miss) was up 12% YoY, opex was largely...
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