In today’s briefing:
- HDFC Bank (HDFCB IN): Foreign Room Crosses 25%; Index Implications & Positioning for US$5bn+ Buying
- The Beat Ideas- Ratnaveer Precision Engineering: Fueled with Capacity Expansion
HDFC Bank (HDFCB IN): Foreign Room Crosses 25%; Index Implications & Positioning for US$5bn+ Buying
- Foreign shareholding in HDFC Bank (HDFCB IN) has dropped to 54.83% and that results in foreign room crossing the ‘magical’ 25% mark.
- The increase in foreign room could lead to passive trackers of a global index needing to buy 256m shares (US$5.3bn; 11.5x ADV) at the end of August.
- There will definitely be positioning in the stock but there should still be upside in the stock. The HDFC Bank (ADR) (HDB US) line was up 4.5% overnight.
The Beat Ideas- Ratnaveer Precision Engineering: Fueled with Capacity Expansion
- 23,000 MT Capacity expansion would double the current capacity to 49,000 MT
- INR 65 crores of Fund Raise would help increase the bottom line
- Backward integration of waste converted into raw material, ensuring economies of scale
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