Research Reports published by KARVY

Banks    
SECTOR | 06 Apr 2021
Karvy
Credit Growth - Highest in 6 months: Systemic credit growth in the economy has picked up finally and came in at 6.5%, highest in past 6 months. Non-food credit growth too came in at 6.5% vs 5.7% YoY posted during Jan 21. YTD bank credit growth has been picking up gradually from negative zone in the initial months of opening up of the economy to 3.3% in Feb 2021.
HDFC Securities released a Sector Update report for Banks on 01 Jun, 2021.
Automobiles & Auto Components    
SECTOR | 04 Mar 2021
Karvy
Feb'21 Auto Volumes CVs are Gaining Traction: Wholesale volumes for February 2021 came on a strong note as we reached the end of the fiscal. During Feb'21, while PVs maintained momentum, 2W and tractors were steady as CVs started gaining traction. Looks like it is a long way down the road for 3W. During the fiscal 2021, auto industry has put up a strong show during the post lockdown recovery and the dent is not going be as severe as expected initially.
Axis Direct released a Sector Update report for Automobiles & Auto Components on 02 Jun, 2021.
Bata India Ltd.    
24 Feb 2021
1641.25
0.50%
Karvy
Volumes Picking Up Gradually, but We Expect Stress to Remain in FY22E: Recovery is clearly visible from the latest two quarterly numbers, with YoY revenues in Q2FY21 and Q3FY21 coming in at 51% and 74% of the numbers seen in the corresponding quarters in the previous year.
Bata India Ltd. has an average target of 1654.00 from 7 brokers.
Relaxo Footwears Ltd.    
23 Feb 2021
1101.55
0.41%
Karvy
Rural Growth Benefiting RelaxoRelaxo continues to perform well despite the country only beginning to recover from the negative impacts of the pandemic. The Q3FY21 results were above our expectations as rural India rebounded faster
Relaxo Footwears Ltd. is trading above all available SMAs
Banks    
SECTOR | 03 Feb 2021
Karvy
Credit offtake in the economy has turned sticky and is growing around 6% levels for months now. Non-food credit too came in at 5.9% vs 7% during same period last year. YTD bank credit decelerated with gross bank credit growth slipp
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HDFC Securities released a Sector Update report for Banks on 01 Jun, 2021.
Automobiles & Auto Components    
SECTOR | 02 Feb 2021
Karvy
Passenger Vehicles: PV makers posted mid-single digit growth during the month driven by filling up of dealer stocks amid supply chain constraints faced by some OEMs due to shortage of semi-conductor chips.
Axis Direct released a Sector Update report for Automobiles & Auto Components on 02 Jun, 2021.
IndusInd Bank Ltd.    
02 Feb 2021
1024.30
0.91%
Karvy
Getting Back to Normalcy: Indusind Bank (IIB) reported stable set of numbers. NII growth at 11 percent was below normal run rate due to lower advances growth despite stable NIM. NIM at 4.12 was maintained despite interest reversals of Rs. 1.89 Bn due to funding cost benefits.
IndusInd Bank Ltd. has gained 93.83% in the last 1 Year
Axis Bank Ltd.    
01 Feb 2021
736.25
-0.30%
buy
Karvy
Preferred Prudence to Profitability: Axis Bank (AXSB) s Q3FY21 performance was on the down side as the bankpreferred prudence to profitability.
Axis Bank Ltd. has gained 80.45% in the last 1 Year
RBI and Finance Ministry    
TREND | 28 Jan 2021
Karvy
All eyes are set on Union Budget to be announced on Feb 1, 2021. This budget session comesat unexceptional times. Amid advance estimates of a contraction of -7.7% for FY21, the onus is on the government to revive the economy on a sustainable basis and instill the confidence in households and corporates alike.
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Axis Direct released a Economy Update report for RBI and Finance Ministry on 04 Jun, 2021.
Kotak Mahindra Bank Ltd.    
28 Jan 2021
1768.05
-1.47%
buy
Karvy
Stress is Showing Up, Valuations are Stretched Kotak Mahindra Bank, (KMB) reported NII growth of 17%/2.4% YoY/QoQ primarily driven by lower cost of funds aided by declining SA costs and higher liquidity available at bank due to recent capital infusion.
Kotak Mahindra Bank Ltd. is trading below it's 30 day SMA of 1769.2