Brokerage Research Reports share price target

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.

Accenture's (ACN) Q4FY20 dollar revenue was in line with the guided range of US$ 10.6bn-11bn, posting a decline of 1.4% QoQ and 1% CC.

Seminal year for industry provides interesting insights However, amid all the gloom, the engineering and production prowess of the industry (along with its value chain) shone brightly as it successfully completed the world's fastest switchover to Euro 6 equivalent emission norms i.e. BS-VI as per schedule. Much of the post festive period was focused on the transition, with the entire ecosystem estimated to have spent ~| 70,000 crore towards the technological leap. Covid-19 crisis struck India in the run up to April 2020, just as the changeover...

Seminal year for industry provides interesting insights However, amid all the gloom, the engineering and production prowess of the industry (along with its value chain) shone brightly as it successfully completed the world's fastest switchover to Euro 6 equivalent emission norms i.e. BS-VI as per schedule. Much of the post festive period was focused on the transition, with the entire ecosystem estimated to have spent ~| 70,000 crore towards the technological leap. Covid-19 crisis struck India in the run up to April 2020, just as the changeover...

We had initiated coverage on D P Abhushan Ltd (DPAL) with Buy' rating on 2nd July 2020 with CMP of Rs 59 & price target of Rs 92 which got achieved on 3rd September 2020. Recently, we have attended Annual General Meeting (AGM) of the Company through Video Conferencing...

Macro High Frequency Heat Map - Flattish Road Ahead

Focus on process efficiency to get visible from FY22E onwards While there is uncertainty on a recovery that is solely dependent on launch of vaccine, the company has initiated major steps to bring down costs and come out stronger and more efficient once normalcy resumes. EIH is now focusing more on process efficiency measures on a permanent basis like back-office automation, using AI, paperless processing, focus on solar panel to bring down power costs, expertise driven services in finance, data management etc. Considering this, we expect over 7-8% reduction in total...