In today’s briefing:
- Nifty the Clearest Short in Asia
- Aequitas India IPOs Bookrunner Performance (2019-2022)
- Bank of India – Off The Charts
Nifty the Clearest Short in Asia
- We are lacking short ideas in Asia given we are long most markets. India presents a fresh short idea after failing at trend and price resistance.
- The failure at trendline and 18,200 price resistance was touted as a bearish turn. We have now formed a bear flat that is set to break lower.
- Macro: Remains bullish and we will probe for a long at 17,500/300. 19,470 is our macro bull projection.
Aequitas India IPOs Bookrunner Performance (2019-2022)
- In this note, we will take a look at bookrunner performance for Indian IPOs from 2019-2022.
- The following dataset includes all Indian IPOs above US$100m for the period of Calendar Years 2019-2022, which amounted to a total of 49 deals.
- The deals you see in this note are based on our historical IPO tracker. Feel free to drop us a message for additional information on any of these IPOs.
Bank of India – Off The Charts
- Delta in core net interest income growth is accelerating like no other peer
- Net interest margin’s are now up 50% YoY at a reasonable level of 3.02%
- Credit costs have yet to decline despite NPL ratio down sharply
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