Tag: equity research
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SBI Cards – IPO is an Easy Transaction
IPO Opens 2-5th Mar at ₹750-755/share Large Cap: ₹ 71,000 cr. Mkt cap Sector – BFSI, Credit Cards Valuations: P/E 51.4 times TTM, P/B 14.6 times (Post IPO) Advice: SUBSCRIBE Summary Overview: SBIC offers credit cards to individual cardholders and corporate clients for a range of lifestyle, rewards, travel and fuel and shopping needs. SBIC…
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Reliance Industries – A Firm to Rely On
CMP: ₹1,532 Industry: Refining, Petrochem, ++ Conglomerate Large Cap with ₹9,85,000 crore mkt cap Current Valuation: P/E: 23 times and P/B: 2.4 times BUY with a target of ₹2,200 by May 2022 Summary Overview: Reliance Industries is the largest private sector firm and #1 by market cap in India. RIL has over decades proven its…
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Spandana Sphoorty Financial IPO – A Spunky Player
Date 06th Aug; IPO Opens 5-7th Aug at Rs. 853-856 Valuations: P/E 17.6 times TTM, P/B 2.4 times (Post IPO) Mid Cap: Rs. 5,505 cr. Mkt cap Industry – NBFC MFI Advice: SUBSCRIBE Overview: Spandana is a rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint…
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IndiGo – Spreading Wings but Oil Squeeze
Date: 09th May 2019 Industry – Airlines CMP: Rs 1,575 Large Cap of Rs 58,000 cr. mkt cap Overview: IndiGo is the market leader in Indian aviation with a low cost carrier model. It has a dominating domestic market share of 46.9%. The revenue and profit were Rs 23,967 crores and Rs 2,242 cr. resp. for FY18.…
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RVNL IPO – Railways’ Growth Engine
Industry – Railway Transportation PSU in PMC space Mid Cap of Rs. 4,000 crore IPO Opens 29th Mar – 03rd Apr 2019; Price range Rs. 17-19/share Valuations: P/E 6.9 times TTM; with a discount for Retail investors Advice: SUBSCRIBE for listing gains Summary Transportation Infrastructure is a crying need in India. With Airlines, Roads and…
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HDFC AMC IPO – A Quality Asset
Date 24th July; IPO Opens 25-27th July at Rs. 1095-1100 Valuations: P/E 32.3 times TTM, P/B 10.7 times (Post IPO) Mid Cap: Rs. 23,300 cr. Mkt cap Industry – Asset Management SUBSCRIBE for the IPO Summary Overview: HDFC AMC is the #2 player among AMCs by AUM and #1 by profits. HDFC operates as a…
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Varroc Engineering IPO – An Auto-matic BUY
25th June 2018 Mid Cap of Rs. 13,000 cr. Industry – Auto Ancillary; IPO Opens 26-28th June at Rs. 965-967 Valuations: P/E 28.9 times TTM Advice: SUBSCRIBE Summary of Report Overview: Varroc Engineering is a global tier-1 auto component firm. They design, make and supply exterior lighting systems, plastic and polymer, electricals-electronics and precision metallic…
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