INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Friday showed early signs of a possible breakout from its consolidation range
with a target price of Rs 2,260
The brokerage has said that robust growth in the top accounts of L-T Infotech alleviates concerns around client-specific issues
Further, the strong client addition across buckets and new deal wins are likely to translate into industry leading growth
Also, L-T Infotech will continue to be a growth company with a focus on S-M investments as there is further headroom in improving the
operating leverage through high growth
is a growth moderation happening in its larger peers
The brokerage also added that there is also limited scope for margin expansion in the company
The brokerage said corporate stress for IndusInd was evident in the slippages and credit cost numbers for the third quarter of FY20
Given a weak macro environment, uncertainties on the corporate portfolio remain high
Mindtree reported a decent third quarter numbers with revenues largely in line with the expectations while margins were slightly better than
The brokerage said Mindtree was rationalising the tail end of the client accounts and is focusing on strategic accounts which will likely
result in muted growth in non-top 10 clients going ahead
In third quarter of FY20, the bank was impacted by the disturbance in Assam which impacted the whole micro finance industry
The brokerage expects Bandhan Bank to overcome the challenges that it faced in Assam based on its historic capabilities of reviving from
goods and services tax and demonetization-led challenges
Shares of Bandhan Bank closed at Rs 474, down 3.5 per cent.