Sundaram Finance - Broad Based Recovery Ahead, Robust Disbursement!
Overall, the management remained positive about the growth prospects of the commercial vehicle market going into FY23 and beyond.
174 Views
Vehicle Financing - Secular Opportunity Meets Cyclical Tailwinds
With green shoots in the underlying PV and CV segments, the Indian vehicle financing disbursals (FY22: ~US$ 42bn) is poised to ride a secular 15%+...
170 Views
Sundaram Finance: Demand Pick-Up Encouraging, Asset Quality Improves
We upgrade our rating from HOLD to BUY with a target price of Rs 2,195/share (based on SOTP valuation), implying an upside of 20% from the...
234 Views
Sundaram Finance - Growth Hovers Below Pre-Covid Levels; Asset Quality Improves
Sundaram Finance (SUF) reported PAT of Rs3bn, up 43%/48% YoY/QoQ led by provisions write-back during the quarter. NII was below our expectation due...
278 Views
Sundaram Finance: Operationally Steady; Asset Quality Manageable
We believe SUF's well-diversified secured loan mix with strong underwriting practices and comfortable capital position (~CAR +20%) will support...
186 Views