HSIE Results Daily: Maruti Suzuki, SBI Cards and Payment Services
Maruti Suzuki: Maruti’s Q3 PAT, at INR 23.5bn, came in above our estimate of INR 18bn, led by better-than-expected ASP and higher other income
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Star Health IPO Lockup - Owned by Financial Investors, US$3.0bn Worth Shares Are Well in the Money
In Dec 2021, Star Health (STARHEAL IN) (SHAI), the largest private health and retail health insurance company in India, raised around US$851m in...
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SBI Cards - Growth with Resilient Profitability Amid Disruptions
We expect overall industry CIF CAGR of 17% and spends to post a near pre-Covid CAGR of 32% in FY22-25E (33% CAGR in FY15-19).
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Five-Star Business IPO - Thoughts on Valuation
Five Star Business Finance is looking to raise around US$250m in its upcoming India IPO. In this note, we'll talk about valuations.
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Five-Star Business IPO - RHP Updates and Peer Comparion
Five Star Business Finance is looking to raise around US$250m in its upcoming India IPO. In this note, we talk about the RHP updates and undertake...
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