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There has been a growth of 24% in the deposits of Bandhan Bank in the March quarter. Its Advances have seen a jump of 16%. The collection efficiency has also reached 96%.
Brokerages on BANDHAN BANK
JEFFERIES’s opinion on BANDHAN BANK
JEFFERIES has a Buy rating on BANDHAN BANK and has a share target of Rs 380 per share. The fourth quarter witnessed decent asset growth of 16% (YoY) and 15% (QoQ). The collection efficiency has reached 96%. The collection efficiency in MFI has reached up to 95%. Apart from this, negative net slippages are possible in Q4.
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MARICO delivered a cautious update in the fourth quarter. The company’s revenue growth can be 2 to 3%. Demand remained sluggish. On the other hand, there is a slight increase in the profit of the company.
CLSA’s opinion on MARICO
CLSA has given an underperform rating on MARICO and has a share target of Rs 530 per share. He says better single digit revenue growth is possible. While stable margins are also expected. Consumption looks sluggish due to inflation and weak rural sentiment. On the other hand, the gross margin/EBITDA margin is expected to remain stable on a year-on-year basis. 7% EBITDA growth possible year-on-year. At the same time, valuations are balanced at current levels.
Brokerages on Power Sector
Opinion of CLSA on Power Sector
Giving opinion on the power sector, CLSA said that highest power demand is being seen in 6 months. On a year-on-year basis, FY22 ended with demand growth of 8%.
Power prices on the exchange have risen as the summer heats up. Despite running in FY22, NTPC, Power Grid are the preferred picks.