In today’s briefing:
- Aster DM Healthcare Ltd (ASTERDM IN): Recent Correction Can Be a Good Entry Point
- [#20] Namaste India 🙏 | Bajaj Finance’s Catch Up
Aster DM Healthcare Ltd (ASTERDM IN): Recent Correction Can Be a Good Entry Point
- Aster DM Healthcare Ltd (ASTERDM IN) shares took a beating as Olympus Capital offloaded ~49M shares at a price range of INR405.00–406.72 (~7% discount to the last close price).
- GCC business separation is expected to complete in Q4FY24. Aster DM plans to consider distributing 70–80% of the upfront consideration of $903M as dividend to its shareholders.
- Stake sale by Olympus Capital is not a warning sign for the company. Despite CGHS rate overhang, we think recent pullback in Aster DM share provides an attractive entry point.
[#20] Namaste India 🙏 | Bajaj Finance’s Catch Up
- Our popular, text-only weekly is back, hopefully in an improved version, and aims to be more consistent throughout this financial year.
- The market structure and momentum seem to be positive. Upcoming earnings season and elections are likely to be key drivers going forward.
- Stocks discussed include Bajaj Finance Ltd (BAF IN), SBI Cards & Payment Services (SBICARD IN), Honasa Consumer (HONASA IN) and Delta Corp Ltd (DELTA IN)
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