Friday, April 12, 2019

Forbes World's Best Bank Survey : HDFC Bank emerged as India's number 1 bank

Image result for hdfc bank


HDFC Bank has been identified as number 1 bank by customers in India, as per Forbes World's Best Bank survey. In the first edition of this survey, Forbes partnered with market research firm Statista to measure the best banks in 23 countries. 

HDFC Bank emerged as India’s No 1 bank. It was a unique survey as it did not measure financial performance, ignoring balance sheets and P&L statements in favour of customer opinion. 

Apart from HDFC Bank, it was another private-owned lender ICICI Bank which took the second spot in Forbes list for India. At third rank was DBS, followed by Kotak Mahindra Bank and IDFC Bank taking fourth and fifth spot. 

SBI is at 11th position and Canara Bank at the bottom, 30th.

Friday, April 5, 2019

IPO ANALYSIS : POLYCAB INDIA LIMITED


Issue Details :


Issue opens /
closes on


05-04 /09-04-2019
Issue size
Rs 400 Cr plus OFS of 1.75 Cr
equity shares
Face value
Rs 10
Price Band
Rs 533-538
Business
Mfrs of cables and wires
Promoters
INDER T. JAISINGHANI,
AJAY T. JAISINGHANI,
RAMESH T. JAISINGHANI
AND GIRDHARI T. JAISINGHANI
Listing
Bse, Nse
BRLM
Kotak Mahindra, Axis Capital,
Citigroup Global Markets India,
Edelweiss Financial Services, IIFL
Holdings, YES Securities
Registrar
Karvy
Await detailed analysis.

IPO ANALYSIS : METROPOLIS HEALTHCARE LIMITED -AVOID


Issue Details :


Issue opens /
closes on
03-04 /05-04-2019
Issue size
1.36 Cr equity shares
Face value
Rs 2
Price Band
Rs 877-880
Business
Health care diagnostic business
Promoters
DR. SUSHIL KANUBHAI SHAH,
AMEERA SUSHIL SHAH AND
METZ ADVISORY LLP
Listing
Bse, Nse
BRLM
JM Financial, Credit Suisse
Securities (India),
Goldman Sachs,
Kotak Mahindra .
Registrar
Link Intime

Remarks :
The average EPS during the last 3 years is around Rs 20. Presuming the company will post an EPS of Rs 22 for FY 19, the offer is at 44 PE , which is expensive.

Avoid the IPO.



ADB down grades India's growth forecast

Asian Development Bank downgraded economic growth forecasts for India and Southeast Asia for 2019 as global risks from trade tensions to Brexit mount.

Gross domestic product in India will probably increase 7.2 percent this year, down from a December forecast of 7.6 percent, according to the ADB’s latest Asian Development Outlook report. Southeast Asia’s growth estimate was lowered by 0.2 percentage point to 4.9 percent.

A drawn-out or deteriorating trade conflict between China and the U.S. could damp investment, the ADB said, while the U.K.’s potential chaotic exit from the European Union and financial market volatility comes with additional risks.