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...
239 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...
282 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...
191 Views
Can Fin Homes – Mortgage Lending Not Totally Safe, In India
The idea that large corporate loans and especially those related to infrastructure projects, are the main credit risk for India’s banks, may be...
393 Views
LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
437 Views