Angel Broking Broker Research reports

Mindspace Business Parks REIT owns a quality office portfolio located in four key office markets of India. Its portfolio has total leasable area of 29.5 msf and is one of the largest Grade-A office portfolios in India. Portfolio comprises 23.0 msf of completed Area, 2.8 msf of under construction area and 3.7 msf of future

Yes Bank Ltd. (YBL), a new generation private sector bank, was incorporated in November 2003 by Mr. Rana Kapoor and Mr. Ashok Kapur. However, the RBI superseded the Board of Directors of the bank and imposed a moratorium on YBL from March 05, 2020. Further, on March 13, 2020, the government had approved a bailout

Outlook & Valuation: At the upper end of the price band, Rossari demands PE multiple of 32.1x F.Y.20 fully diluted EPS. None of the listed chemical companies has the same business as Rossari. Its specialty chemical peers such as Galaxy Surfactants, Fine Organics, Aarti industries, Atul and Vinati Organics are currently trading at F.Y.2020 P/E

Offer for sale (OFS) issue details for SBI LIFE INSURANCE COMPANY LTD are as below. Issue Period: June. 15, 2020 Discount to Retail Investor: NA Cut Off Rate: Rs. 742.60/- Reservation: 10% of Offer size Outlook & Valuation: We believe the Indian Life Insurance industry is in a phase

The Ministry for Home Affairs (MHA) announced further relaxations in restrictions on the 30th of May 2020. As a result we expect that restrictions will be lifted significantly in most parts of the country which should lead to increased economic activity from June onwards. Markets have reacted positively to the Government's announcement on unlock

Mindtree Ltd is an international information technology consulting and implementation company that delivers business solutions through global software development. It is virtually a debt free company and has been maintaining a healthy average dividend payout of 30%.It delivered an RoE of 25.1% and is trading at valuation PE 23.6x of TTM earnings. Hence BUY.

Dewan Housing Finance (DHFL) posted steady operating performance yet again in 2QFY18, however, liquidity issues began at the end of the quarter. DHFLs business grew in the quarter with a 35% yoy rise in loan book to `1,10,100cr. Further, in-line with the loan book, AUMs also increased by 38% yoy in the quarter. At the bottom-line, the co..

VIP Industries Ltd (VIP) is the largest luggage player in India with ~50%+ market share in the organised market. It has been able to create successful sub brands like Carlton, VIP Bags, Skybags, Aristocrat, Alfa and Caprese. We feel that the company is in very sweet spot where it is gaining market share from unorganised players and can gr..

For 2QFY2019, Aurobindo Pharma (APL), the company posted sales of `4,667cr v/s. `4,354cr in 2QFY2018, a yoy growth of 7.2%. On the operating front, the EBITDA margin came in at 18.8% v/s. 23.8% in 2QFY2018. YoY decline is on the back of sales of certain high margin products in 2QFY18. Sequentially EBDITA margins expanded by ~340bp. Conseq..

For 2QFY2019, Siyaram Silk Mills (SSML) posted subdued set of results, which were below our expectations on both, top-line as well as bottom-line fronts. Revenue grew ~9% yoy. On the margin front, the company reported operating margin contraction by 173bps yoy. On the bottom-line front, SSML reported de-growth of ~11% yoy to ~`27cr due to..