Axis Top Picks - Aug 2023
The Axis Top Picks Basket returned a solid return of 10% in July’23 against the 3% return posted by Nifty 50, beating the benchmark by a wide margin.
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National Securities Depository Limited (NSDL) Pre-IPO Tearsheet
National Securities Depository Limited (NSDL) is looking to raise around US$400m in its India IPO. It is the largest depository in India.
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Federal Bank QIP - Well Flagged Deal but the Last One Didn’t Do Well
Federal Bank (FB IN) aims to raise around US$370m via a QIP to increase its Tier-1 capital. In this note, we talk about the deal dynamics and run...
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BFSI Q1FY24 - Earnings Preview
Q1 is a seasonally weak quarter, despite which we expect banks under our coverage to continue delivering a strong credit growth of ~15-16% YoY in...
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Bank of Baroda (BOB IN) – A Diamond in the Rough, on the Sidelines of the HDFC Bank-HDFC Merger
Bank of Baroda, although not in the limelight like HDFC bank now, is our value stand-out among Indian banks; it is delivering on better asset...
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