HDFC AMC IPO - Already a Leader in Profitability, On the Verge of Becoming One in Size as Well
HDFC Asset Management Co Ltd (1479Z IN) aims to raise US$400m in its IPO via an issuance of secondary shares. We had covered most aspects of the...
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PNB Housing: Growth on the Menu, BUY
PNB Housing Finance Ltd (PNBHOUSI IN) is India’s 5th largest housing finance company (HFC) focused on the mass affluent segment. India’s housing...
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HDFC Asset Management Pre-IPO - Trying Hard to Be Different
Housing Development Finance (HDFC IN) and Standard Life PLC (SL/ LN) aim to raise up to US$400m by selling some of their stake in HDFC Asset...
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HDFC’s Strange Refusal to Classify Reliance Naval as an NPA
Why should one of India’s most respected firms, one which trades at 5.2x consolidated book value, with total gross NPAs of barely over 1 per cent,...
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India: The Indian Rupee – Next Stop INR 70/USD, G-SEC 10-Year Yield – 8%
Since the publication of our January 2018 report, the spread between one-year Indian G-SEC and the U.S. Treasury has declined approximately 50bps....
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