Daily BriefsIndia

Daily Brief India: Aavas Financiers Ltd, Tata Motors Ltd, Afcons Infrastructure Limited and more

In today’s briefing:

  • [#21] Namaste India 🙏 | Business Updates and Earnings Playbook
  • Morning Views Asia: Tata Motors ADR, Xiaomi Corp
  • Afcons Infrastructure Limited Pre-IPO Tearsheet


[#21] Namaste India 🙏 | Business Updates and Earnings Playbook

By Pranav Bhavsar

  • Market momentum continues to be strong. As we head into earnings season, the momentum is likely to continue.
  • Strong operational updates Info Edge India (INFOE IN); Aavas Financiers Ltd (AAVAS IN) & Sula Vineyards (SULA IN).  
  • The overall market sentiment, represented by the average revisions across all sectors, is nearly flat, with a slight positive revision for FY1E at 0.02% and essentially stable for FY2E.

Morning Views Asia: Tata Motors ADR, Xiaomi Corp

By Leonard Law, CFA

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


Afcons Infrastructure Limited Pre-IPO Tearsheet

By Clarence Chu

  • Afcons Infrastructure Limited (6595396Z IN) is looking to raise US$840m in its upcoming India IPO. The bookrunners are Jefferies, Nomura, ICICI Securities, SBI Capital, DAM Capital, and Nuvama Wealth.
  • Afcons Infrastructure Limited (Afcons) is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
  • As per the Fitch report, the firm was one of India’s largest international infrastructure companies as per the 2023 ENR top international contractors ranking, based on FY23 international revenue.

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