LKP Securities Broker Research reports

average CASA at 45.2%. Moreover, provision expenses inched down sequentially to 11bn v/s 20bn in 3QFY22. Factoring stable balance sheet growth and credit cost of 1% in FY23E, we estimate the bank's FY23E ROA and ROE of 1.8% and 15% respectively. We have positive...

HDFC Bank reported a strong trend on assets quality and moderate operating performance in 4QFY22. The slippages decreased 13% sequentially, which resulted in improvement in GNPA ratio to 1.17% v/s 1.17% in the previous quarter. The reported GNPA is well below the...

at ~44% as on 3QFY22. The digital initiatives keep the company ahead of peers as IL Take Care app is user friendly, serving customers with key functionalities such as quick and easy claim process, online policy renewal, access to cashless hospital network and other features...

Value Creating Digital Play poised for Scale-Up Price potential yet to be realized While the merger with Sony has the potential to transform the company into a Media Titan, a key overhang with respect to its single largest investor- Invesco is now behind after it gave the green signal to the merged entity as being value accretive to shareholders. With a...

3QFY22) is in upward trajectory with continuous improvement in CD ratio. On the business front, the bank has been reporting stable credit growth (7% sequential jump seen in previous quarter) across segments. The bank's recoveries are in line with the guidance and we expect the credit cost to be below 2% for FY22 and FY23. Moreover, the bank has raised capital in FY21 which resulted in the CET -1 of 10.1% (at par); thus we believe the bank may raise capital from stake sales of AMC,...

ADITYA BIRLA FASHION AND RETAIL (ABFRL) | Retail ABFRL has created one of India's strongest apparels portfolio over the years offering wide range of products to the customers at multiple price points. The company enjoys higher market share with its popular brands like Louis Phillipe, Allen Solly, Van Heusen and Peter England. Also, the newer entrant in the portfolio such as Ethnic wear and Athleisure wear is also creating a strong market presence. ABFRL has been aggressively acquiring and partnering with India's top and respected designers such as Shantanu & Nikhil, Jaypore, Sabyasachi, Tarun Tahiliani and House of Masaba curating an exciting range of ethnic collection. The company is also focused on aligning itself with...