Analyst Corner: Maintain ‘hold’ on Yes Bank with revised TP of Rs 16
We revise estimate of cumulative slippage run-rate to >13% (earlier 10%) and cumulative credit cost to 6% (5%) over FY21E/FY22E.
We revise estimate of cumulative slippage run-rate to >13% (earlier 10%) and cumulative credit cost to 6% (5%) over FY21E/FY22E.
VNB growth was strong at 27% year on-year (YoY) in 3QFY21 led by 18% YoY growth in APE and 180 bps yoy expansion in VNB margin to 26.5% (up 110 bps QoQ ).
Nifty futures were trading 107 points or 0.75 per cent higher at 14,464 on Singaporean Exchange, indicating a strong start for BSE Sensex and Nifty 50 on Monday
Share Market News Today | Sensex, Nifty, Share Prices LIVE: During the early hours of trade on Monday, SGX Nifty was up 100 points, hinting at a positive start for domestic equity markets.
Execution key for India and US sales; FY21-22e EPS up 3%; valuations factor in prospects; ‘Hold’ retained
55/36/29% rise in EPS for FY21-23e; TP up to Rs 1,491; upgraded to ‘Neutral’ rating
On Friday morning, SGX Nifty was down 16 points hunting at a gap-down start for domestic equities, meanwhile, cues from global peers were mixed.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to open in the red on Friday, as suggested by trends in SGX Nifty
IRB’s consolidated financials are not comparable Y-o-Y due to the monetisation of nine assets through the InvIT route and consolidation of the Mumbai-Pune Phase II project.
We reduce our cost of equity assumption for Adani Ports to 12.75% from 13.25% and bring monthly volume run-rate for FY2022 to levels reported in December 2020. Retain ‘buy’ with revised FV of Rs 600 (from Rs 535 earlier).