In today’s briefing:
- Muthoot Microfin IPO – RHP Updates, Quick Peer Comparison and Thoughts on Valuation
- EQD | NIFTY WEEKLY Pullback: Where to Re-Enter LONG?
- [Week 14] Namaste India 🙏 | EASEMYTR IN | Easy Trip’s Ghost Franchise?
Muthoot Microfin IPO – RHP Updates, Quick Peer Comparison and Thoughts on Valuation
- Muthoot Microfin (1363943D IN) is looking to raise up to US$116m in its Indian IPO, after downsizing from an earlier reported float of US$163m.
- Muthoot Microfin (MMF) is a microfinance institution providing micro-loans to women customers with a focus on the rural regions of India.
- In our previous note, we looked at the company’s performance. In this note, we talk about the company’s RHP updates and share our quick thoughts on peer comp and valuation.
EQD | NIFTY WEEKLY Pullback: Where to Re-Enter LONG?
- 7 weeks up in a row and very overbought, the NIFTY Index could pullback from its highs this week and/or the next.
- A pullback to the 21008-20542 support area could be an occasion to enter LONG, profitable if the index rebounds from there and continues to rally into January.
- The potential pullback appears to be a short-lived retracement down, based on MRM pattern readings.
[Week 14] Namaste India 🙏 | EASEMYTR IN | Easy Trip’s Ghost Franchise?
- The Indian Market (~$4 trillion) has now overtaken Hong Kong as the 4th most-valued stock market after the US, China, and Japan.
- We recently concluded an exploratory trip to Patna, the capital, and also the largest city of the state of Bihar, Summarized thoughts on companies focused in this insight.
- Multiple stocks covered in the Insight. The future of Easy Trip Planners (EASEMYTR IN), especially if it’s banking on franchisee expansion, could go the other way around.
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