Brokerage Research Reports share price target

Auto sales continued their upward trajectory, improving MoM in September.

The recent rally across mid- and small-caps is yet to bring about a reversal of the long-term bearish trends that began in Jan'18.

Outlook and Valuation: We expect the valuations to continue to be at a premium the segment, size andthe market share of the company.

The 1QFY21 current account narrowed dramatically to print largest surplus on record, reflecting shallow domestic demand.

The quick economic recovery witnessed across Advanced and Developing economies has become patchy

Fresh disbursements revive; stringent LTVs; checks & balances tightened Our channel checks suggest Commercial vehicle (CV) financing business is showing earlier than expected signs of a revival. Given the weak economic outlook (Covid-19 pandemic), pick-up in disbursements and collections in August-September has come as a sigh of relief. Our Channel checks suggest stressed asset book for CV financing segment at 20%. They also expect 250bps incremental increase in credit costs from current levels. We expect clarity over moratorium free asset book to emerge in Q2/Q3FY21 only. As...

Fresh disbursements revive; stringent LTVs; checks & balances tightened Our channel checks suggest Commercial vehicle (CV) financing business is showing earlier than expected signs of a revival. Given the weak economic outlook (Covid-19 pandemic), pick-up in disbursements and collections in August-September has come as a sigh of relief. Our Channel checks suggest stressed asset book for CV financing segment at 20%. They also expect 250bps incremental increase in credit costs from current levels. We expect clarity over moratorium free asset book to emerge in Q2/Q3FY21 only. As...

We interacted with some multi-axle truck fleet owners.