Earnings outlook getting strengthened
Restructured book rises to ~2.5% of loans; business momentum gains traction FB reported a strong 2QFY22, with PAT up by 50% YoY to ~INR4.6b (23%...
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HSIE Results Daily: Mphasis, Container Corporation, LIC Housing Finance and More
LIC Housing Finance: LICHF disappointed, driven by elevated provisioning (1.1% of loans, annualised) and interest reversals (INR1.35bn). While...
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Federal Bank: Business Performance Picks Up
We maintain a BUY rating on the stock in the backdrop of attractive valuations and value it at 1.1x FY23E ABV to arrive at a target price of Rs 100.
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Federal Bank: On Track from ‘Presence’ to ‘Prominence’
We maintain a BUY with a TP of Rs 100 (1.1x FY23E ABV). FY21 was a year of consolidation for Federal Bank (FB) with the management focusing on its...
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Federal Bank: Managing Macro Challenges Well
While restructuring was on the higher side at ~2%, the nature of the book is secured and mostly from HL which is manageable. We maintain BUY with a...
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