Chola Wealth Direct Broker Research reports

Positive global cues and hopes for improved corporate earnings helped shares end higher Markets, however, ended off their day's highs against a tightening global monetary policy backdrop and growing concerns about the...

Markets fell notably to snap a four-day rally Against the backdrop of a firming economic recovery and elevated inflation, the minutes underscored the likelihood of three rate hikes...

Underlying sentiment received a boost after a survey showed India's service sector continued to log robust growth in December amid improving market conditions and accommodative demand. Recent economic readings including better than expected GST collections, strong export figures, improvement in auto monthly numbers and banking credit growth also boosted investor confidence...

European stocks closed higher and several markets climbed to fresh record highs, as a string of new studies suggested that the Omicron virus variant might be less severe than initially feared....

Sentiment was helped after finance ministry said that Goods and Services Tax (GST) revenues grew 13 percent in December 2021 as compared to the same month last year. A rise in the country's coronavirus cases for a sixth straight day to the...

The 'R-value', which indicates how rapidly the deadly virus is spreading, has crossed two in Delhi and Mumbai, researchers said. Chennai, Pune, Bengaluru and Kolkata have R-value of over 1. Shares locked in their best year since 2017, driven by an economic recovery from the pandemic-led slump and infusion of massive liquidity, even as valuation concerns and a raging new coronavirus...

Background: Repco Home Finance Limited (RHFL) is a low to medium ticket size home loan financing company predominately based in tier II / III cities of southern India. Promoted by the State-owned Repco Bank Ltd in 2000, RHFL presently has 153 branches and 24 satellite centers of which ~87% are located in the southern market. Repco has shown robust growth in its loan book clocking 21% CAGR (FY13-FY19) and stood at ~118bn at the end 2QFY22. RHFL average loan per unit is...

Background: City Union Bank (CUB) among the smaller-sized banks in the private sector space operates a network of 702 branches. With about 2/3rds of its branches located in Tamil Nadu, the bank's business is largely skewed towards the Southern India. Majority of its business comes from branches located in South India. CUB has a significant chunk of its branches in urban and semi-urban areas. With no identifiable promoters CUB is run by a team of professionals. A slew of...

Segment wise performance: Cotton seed volumes fell 27% YoY to 5.2m packets in 1HFY22, leading to a 25% decline in revenue to 3.3bn. KSCL gained cotton seed market share in Gujarat and Haryana, while it lost share in Andhra Pradesh, Telangana, Maharashtra, and Karnataka. Volume contribution from new products fell to 20.4% from 35.2%. Maize seed volumes dropped by 31% to 5,880MT and revenue declined by 19% YoY to 1.2bn in 1HFY22. Hybrid rice volumes increased 28.9% to 6,603mt, leading to 44.4% revenue growth to 1.6bn. Selection rice volumes fell 0.3% to 12,287mt while revenue grew by 15.6% to 910m. Vegetable seed revenue grew 17% YoY to 227m, driven by 3.5x...