Daily Brief India: Indusind Bank, Whirlpool of India, NIFTY Index, Lenovo and more

• Indusind Bank (IIB IN) reported 51% attrition in FY2023 from 37% in FY2022
• In the annual report the directors completely ignored acknowledging or discussing the attrition apart from the mandatory disclosure
• The sharply rising attrition indicates poor human resource policies in recruitment and training which adversely impact cost management

• Positive retail flows, HNI & AIF inflows, along with global market trends, suggest that the uptrend for the NIFTY Index (NIFTY INDEX) may continue.
• Bullish stocks include Metro Brands (METROBRA IN) and Zydus Wellness (ZYWL IN), while the sentiment for Whirlpool of India (WHIRL IN) is Bearish.
• Highlighted global stocks include Ebix (EBIX US) , Smith (A.O.) (AOS US) and Apple (AAPL US) 

• After a -5 weeks correction in August, the NIFTY Index has restarted its Bull run, ongoing from mid-March 2020. Let’s have a look to where MRM WEEKLY resistance levels are.
• The current pattern is BULLISH, the index could rise easily another 2-3 weeks from here.
• Target prices for a reversal (or pullback within the uptrend) are between 19846 -20294

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.

• China Vanke
• Lenovo
• Vedanta Resources
• Yuexiu Property