In today’s briefing:
- Top Ideas in Apparel & Fashion Retail
- Vodafone Idea: A Lifeline or a False Dawn?
- Navigating MFI Consumer Credit Exuberance – A Rocky Road Head
- Satvik Green Energy Ltd Pre-IPO Tearsheet
Top Ideas in Apparel & Fashion Retail
- In this insight, we present our top investment ideas in the Apparel & Fashion retail sector, analyzing recent earnings results and key insights from company earnings calls.
- Names discussed include Page Industries (PAG IN), Vedant Fashions (MANYAVAR IN), Aditya Birla Fashion and Retail Ltd (ABFRL IN), Arvind Fashions (ARVINDFA IN) and Go Fashion India (GOCOLORS IN).
- We have a bearish stance on all names except Page Industries (PAG IN).
Vodafone Idea: A Lifeline or a False Dawn?
- Vodafone Idea (IDEA IN) gains a lifeline with the waiver of Rs. 24,700 crore bank guarantees for pre-2022 spectrum acquisitions.
- The waiver eases financial strain, boosts cash flow, and enables critical investments in 4G and 5G upgrades amidst competition from Reliance Industries (RIL IN)‘s Jio and Bharti Airtel (BHARTI IN).
- While a positive step, Vi’s recovery depends on fundraising, reducing debt, and regaining market share, making its turnaround uncertain but slightly more plausible.
Navigating MFI Consumer Credit Exuberance – A Rocky Road Head
- In this insight, we examine the key challenges facing the sector and discuss potential paths forward for MFI-focused lenders.
- Companies in this sector have seen sharp declines, with stocks down 45% from their 52-week highs and showing negative returns of -37% YTD.
- Considering the Industry data, it would be fair to conclude that the pain in the industry is likely to persist. CREDAG, SPANDANA, AUBANK, and IIB are key names to watch.
Satvik Green Energy Ltd Pre-IPO Tearsheet
- Saatvik Energy Green Ltd (1637892D IN) is planning to raise about US$136m through its upcoming IPO in India. The lead bookrunners for the deal are Dam Capital, Ambit, Motilal Oswal.
- Saatvik Green Energy Ltd (SEG) specializes in the manufacturing of solar photovoltaic (PV) modules and provides comprehensive engineering, procurement, and construction (EPC) services.
- As per Crisil report, since its inception, the company has supplied over 1.5 GW of high-efficiency solar PV modules to both domestic and international markets.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
