Axis Bank: Senior Is Out of Alignment; Go Overweight
We recommend that investors overweight Axis Bank's (AXSBIN) 3% coupon 2022 maturity US$-denominated Senior Unsecured bond. This security trades...
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Shriram Transport Finance – Significant Reserve Shortfall
*Better Stated Results Not All What Cracked Up To Be: Shriram Transport Finance (SHTF.IN) [Shriram] reported FY 1Q21 results of INR 3.2 bn,...
256 Views
Bank of Baroda – Toxic
*Stressed To The Core: Bank of Baroda (BOB.IN) [BOB] reported FY 1Q21 results of negative INR 8.6 bn, declining 271% from the positive INR 5.1 bn...
224 Views
Last Week in Event SPACE: Sembcorp, Keppel, Cathay Pacific, China Conch, BHP, Swire, Huya/Douyu
Last Week in Event SPACE ... The dynamics here make this entire exercise regarding Sembcorp Marine (SMM SP) effectively a "Virtual IPO" or a...
436 Views
ICICI Bank - Passive Flow Post QIP Should Support the Stock
Hot on the heels of fund raisings by Kotak Mahindra Bank (KMB IN), Axis Bank Ltd (AXSB IN) and HDFC Limited (HDFC IN), ICICI Bank Ltd (ICICIBC IN)...
436 Views