In today’s briefing:
- India Channel Insight #28 | What Is the Two-Wheeler EV Scene in India?
- TCI Express: Ticking All the Right Boxes
- Pick of the Week: Infosys Ltd
- Will continue to stand tall despite the many challengers
- Underpenetrated market paving the way for growth
India Channel Insight #28 | What Is the Two-Wheeler EV Scene in India?
- We visit dealers of Honda Motor (7267 JP) , Hero Motocorp (HMCL IN) and TVS Motor (TVSL IN) to understand the current demand environment for Electric Vehicles(EV).
- High fuel prices and a very low base lead to high growth for EV OEMs
- Customers are waiting for launches from legacy players and a reduction in battery cost to decide the best alternative, but this is costing the overall 2W industry lower volumes.
TCI Express: Ticking All the Right Boxes
- We reiterate our Buy rating with a revised TP of INR2,130, implying a potential upside of 25%.
- TCIE is a well-established player in the Express Logistics segment, with a pan India presence and catering to 95% of pin codes.
- With a lease-based model for most of its required assets, TCIE enjoys greater operational flexibilities and generates a better return on assets
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Pick of the Week: Infosys Ltd
- Infosys is India’s second largest IT services exporter and has strong global presence.
- It provides industry wide solutions including next gen services like Cloud computing, digital transformations, IoT, Machine learning etc
- We recommend a Buy the stock for a target price of Rs 1895 implying an upside of 10% from CMP.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Will continue to stand tall despite the many challengers
- Will continue to stand tall despite the many challengers Muthoot Finance (MUTH’) is our top pick for CY22 in the NBFC Lending space.
- Our investment idea is premised on our thesis of a structural opportunity in Gold lending as the market pie expands with customers evolving, taboo around Gold loans fading away, and apprehensions regarding Gold loans addressed through customer education.
- In this report, we list MUTH’s competitive strengths vis–vis its peers and some of the challengers like Fintech Gold loan NBFCs.
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Underpenetrated market paving the way for growth
- VBL has a diversified growth strategy, with multiple levers in place to drive its long-term growth.
- We expect volume growth momentum to continue, with: a gradual gain in market share on increasing penetration in underpenetrated markets, higher acceptance of recently launched products, and ramp-up of.
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