Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: A-602, Titanium Business Park, Makarba, Ahmedabad - 380051 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

Budget Impact | LIC Housing Finance - Removal of a Key Risk

LIC Housing Finance – This Is How It Should Be Done

LIC Housing Finance – Doing The Right Thing

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/lic-housing-finance-ltd" target="_blank" data-smartkarma-citation="entities:15667:1" rel="noopener">LIC Housing Finance (LICHF IN)</a> reported its Q3FY21 earnings last week. Below we discuss key updates relating to the same and also share our outlook going forward. Note that we had been bullish on LICHF since our initiation note - <a href="https://www.smartkarma.com/insights/2020-high-conviction-lic-housing-finance-a-growth-compounder-ripe-for-re-rating" target="_blank" data-smartkarma-citation="insights:35482" rel="noopener">2020 High Conviction: LIC Housing Finance: A Growth Compounder Ripe for Re-Rating</a> -  in Dec 2019, when we pitched it as a high conviction idea for 2020. Due to COVID disruptions, our thesis got derailed and delayed by a year. However, all the stars seem to be aligning now in favor of LICHF. We believe that from here on, LICHF presents an attractive risk/reward (50%+ upside potential) with visible catalysts.</p>

LIC Housing Finance (LICHF IN) reported its Q3FY21 earnings last week. Below we discuss key updates relating to the same and also share our outlook going forward. Note that we had been bullish on LICHF since our initiation note - 2020 High Conviction: LIC Housing Finance: A Growth Compounder Ripe for Re-Rating -  in Dec 2019, when we pitched it as a high conviction idea for 2020. Due to COVID disruptions, our thesis got derailed and delayed by a year. However, all the stars seem to be aligning now in favor of LICHF. We believe that from here on, LICHF presents an attractive risk/reward (50%+ upside potential) with visible catalysts.

LIC Housing Finance | Earnings Update & Outlook - All Stars Are Aligning!