Research Reports published by CHOICE INDIA

HDFC Bank Ltd.    
27 Jul 2018
Choice India
Margin contracts; low opex and P&C; aid profitability' HDFC Bank Ltd. (HDFCB) reported double digit growth in the net profit and maintained stable assets quality during Q1FY19. While, PAT increased by 18.2% YoY, the growth in NII at 15.4% YoY remained lower than the expectation due to higher cost of deposits, also putting pressure on margin. NIM reduced by 10 bps QoQ to 4.2% during quarter owing to the higher interest cost driven by spike in fixed deposits, interest reversal on agri NPAs and short duration investment book. However, high fee income growth, controlled opex and low provisioning supported...
HDFC Bank Ltd. has gained 50.54% in the last 1 Year
Karnataka Bank Ltd.    
24 Jul 2018
Choice India
Karnataka Bank Ltd. (KBL) reported mixed set of numbers for Q1FY19 with strong growth in business and profitability and muted performance on margin front. While, the bank posted 22.0% YoY growth in net profit on the back of low provisioning for NPAs and controlled apex, NIM reduced by 18 bps QoQ to 3.0% and also reported sluggish performance on other income and CASA accretion fronts. Meanwhile advances continue to show strong traction growing by 24% YoY and slippage ratio reduced to 0.6%. Owing to the lower slippage of Rs2,700 mn, GNPA ratio reduced by 21bps QoQ to 4.72% and NNPA stood at 2.92%. Business growth is expected to...
Karnataka Bank Ltd. has an average target of 60.00 from 2 brokers.
Bajaj Auto Ltd.    
24 Jul 2018
Choice India
Bajaj Auto Limited ( BAL) is a $2.3 billion company founded in 1926. It is world's fourth largest two and three wheelers manufacturer. BAL has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal. In India, company has a distribution network of 650 dealers and over 1,600 authorized services centers. It has 171 exclusive dealers for the three wheeler segment .It has total 3750 rural outlets. The Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia. It has a distribution network in 50 countries...
Promoters initiated pledges of 0.01% of holdings in Mar 2021 qtr.
Choice India
HDFC Asset Management Company Ltd. (HDFCAMC), the country's second-largest fund house in terms of average assets under management (AUM), is planning to raise around Rs. 28,003.3mn...
HDFC Asset Management Company Ltd. is trading above all available SMAs
GFL Ltd.    
18 Jul 2018
Choice India
Gujarat Fluorochemicals Limited (GFL) is a subsidiary of Inox Leasing & Finance Ltd. The Company is the largest producer of poly tetra fluoro ethylene (PTFE) resin in India & 4th largest in the world. The Company offers PTFE resins under the brand name INOFLON....
GFL Ltd. is trading below it's 100 day SMA of 82.2
Choice India
Mahindra Holidays & Resorts India Limited (MHRIL') is a leading player in the leisure hospitality industry. The company has well established vacation ownership business in India, and is the market leader in the business with over 2.35 lakh members and 55 resorts together with its material subsidiary Holiday Club Resorts(HCR). Mahindra Holidays has a bouquet of 88 resorts in Asia and Europe, making it the largest vacation ownership company outside the USA. Apart from providing quality rooms in the form of furnished apartments and cottages at resorts in unique and popular destinations, the company also offers its...
Mahindra Holidays & Resorts India Ltd. has gained 21.85% in the last 1 Month
IndusInd Bank Ltd.    
13 Jul 2018
Choice India
Indusind Bank (IndusB) demonstrated strong performance for Q1FY19 on both financial and operational fronts. NII grew by 19.6% YoY, C/I ratio reduced to 44.2% and the bank also maintained robust asset quality with 2bps QoQ decline in GNPA to 1.15%. Gross slippage reported at Rs4,750 mn (Rs8,600 mn in Q4FY18) and restructured book condensed to 0.05% of advances. While NIM reduced 5bps to 3.92% due to large increase in cost of funds compared to yield on advances, margin is likely to expand in coming quarters as yield to factor in 70 bps increase in MCLR since Nov'2017. Advances grew by 29.4% YoY and besides the strong...
IndusInd Bank Ltd. has an average target of 1031.00 from 13 brokers.
TCNS Clothing Co. Ltd.    
13 Jul 2018
Choice India
Women's apparel maker TCNS Clothing Co. Ltd. (TCNS), which operates brands like W, Aurelia and Wishful, plans to raise up to Rs. 11,251mn through an IPO by offering 15.71mn share between the price range Rs. 714 - 716 per share....
TCNS Clothing Co. Ltd. has gained 43.72% in the last 1 Year
VST Tillers Tractors Ltd.    
09 Jul 2018
Choice India
Domestic tractor sales volumes to continue growth momentum from previous year, and increase by 18-20% in FY18, on the back of a second consecutive near normal monsoon and favorable farm sentiments. Tractor sales to further improve by 11-13% in FY19 over the high base this fiscal, with assumptions of a normal monsoon and increased government support. The management expect the growth to be in line with the industry. In India today, 62% of the population depend on agriculture and out of that 62% population, 80% are marginal farmer, these are the farmers who own less than...
VST Tillers Tractors Ltd. is trading above all available SMAs
Brokerage Research Reports    
TREND | 29 Jun 2018
Choice India
H.G. Infra Engineering Ltd. (HGIEL) is an infrastructure construction, development and management company with extensive experience in road projects, including highways, bridges and flyovers. It also forayed into executing water pipeline projects and is currently undertaking two water supply projects in Rajasthan on...
ICICI Securities Limited released a report for Brokerage Research Reports on 11 Jun, 2021.