Published on 26/07/2021 11:59:09 AM
Investment Idea - Buy Max Financial Services Ltd
Valuation & View:
MAXLIFE continues to demonstrate resilient performance amid a challenging macro environment. Healthy product mix towards high margin segments and strong APE growth aided VNB growth. Strong push via the banca channel has aided premium growth, while the proprietary channel is showing healthy traction. We expect 22% CAGR in APE growth over FY21-23E, with VNB margin improving to 26.8% by FY23E. This would enable 26% VNB CAGR over FY21-23E, while operating RoEV sustains ~22%. We maintain our Buy rating with a TP of INR1,200/share.
Click Here - https://bit.ly/3zz7Qpt
For More Motilal Oswal Securities Ltd Disclaimer http://onlinetrade.motilaloswal.com/emailers/Disclaimer3.html
SEBI Registration number is INH000000412
Published on 14/07/2021 11:39:49 AM
Long Term Recommendation:
Investment Idea : Buy Ashok Leyland Ltd
Valuation and view:
AL remains a pure-play on the CV cycle recovery. Unlike the previous cycles, it is on a strong footing (lean cost structure and reasonable debt) and is focused on adding new revenue/profit pools. AL’s revenue/EBITDA/PAT is estimated to post a 23%/44%/78% CAGR over FY20–23E on a low base of FY20. Valuations of 19.5x/10.4x FY22E/FY23E EV/EBITDA are at an early recovery cycle. We maintain Buy, with TP of INR156/share (12.8x FY23E EV/EBITDA).
Click Here - https://bit.ly/3yYB40z
Please refer disclaimer at https://www.motilaloswalmf.com/disclaimer
India`s 5G space booming with global, domestic players pitching in
1
India`s July gasoline sales above pre-pandemic levels - prelim data
2
Weekly Tech Picks - Max Healthcare Institute Ltd, Aarti Industries Ltd, Godrej Properties Ltd, Indraprastha Gas Ltd By Axis Securities
3
Market volatility and surfeit of primary issuances to dominate markets
4
Maruti Suzuki sells 1.62 lakh vehicles in July
5
FPIs take exit route in July, net withdrawal from equities at Rs 11,308 Cr
6
GST revenue collection for July at over Rs 1.16 lakh cr
7
IANS Impact: Bharti Airtel puts out amended subscriber figures for May 2021
8
Halt in fuel price revision continues, global oil rates above $75/bbl
9
Union Home Minister Amit Shah to lay foundation of Vindhyachal Corridor Project today
10
News Alert - Asian shares down, set for worst month since March 2020
Published on 2021-07-30 09:58:08MOVE OUT OF SHORT-TERM ASM FRAMEWORK: RPSG Ventures
Published on 2021-07-30 09:07:46MOVE INTO SHORT TERM ASM FRAMEWORK: Arvind Fashions
Published on 2021-07-30 09:07:39PRICE BAND REVISED FROM 20% TO 10%: Nitin Spinners
Published on 2021-07-30 09:07:31PRICE BAND REVISED FROM 10% TO 5%: RSWM
Published on 2021-07-30 09:07:24News Alert - Gold hits one-week high after Fed fails to signal taper timeline
Published on 2021-07-29 10:28:42News Alert - Gold hits one-week high after Fed fails to signal taper timeline
Published on 2021-07-29 10:25:54
