1 / 9Ashok Leyland has saved costs of nearly Rs 2,000-2,300 million in H1FY20 and expects to save costs totaling to Rs 5,000 million for the current year. Green shoots like good monsoon, stable freight rate, improved financing, government measures to revive the economy & potential pre-buy before BSVI transition could drive the volume in Q4FY20.
2 / 9In last week of December, many dealers in UP and MP witnessed stock out situation. Eicher Motors intends to track wholesale volume with retail volume, as it wants to ensure that dealer is not left out with BSIV inventory.
3 / 9City Union Banks’s share of top 20 borrowers in FY19 loan book stood at just 5.6%, indicating low concentration of exposures.
4 / 9ICICI Bank’s subsidiaries have helped generate cross-sell culture, thereby enabling fee income traction at the bank. In bad times, stakes in subsidiaries can be monetized to provide cushion against provisions, Nirmal Bang said.
5 / 9There is still substantial scope for margin improvement, especially in home care and food divisions, and we believe the company is well on course to achieve further margin gains of nearly 400 bps in the medium term, Nirmal Bank said.
6 / 9Rural sales for Marico’s domestic business stood at ~32% at the end of financial year 2019. The company aims to take this up by 3-4% in the next 3-5 years by driving penetration at the bottom of the pyramid and deepening direct reach.
7 / 9Nirmal Bang sees upside of 30 percent in Natco Pharma's stock.
8 / 9Price erosion in base business is unlikely to be painful as the same is now commoditised with a median competitive intensity of eight players across its marketed ANDA portfolio.
9 / 9Our optimism is supported by anticipated continued strong growth in rental revenue of operational malls, steady growth in office space rentals and strong growth in hotels because of cyclical upturn in the sector, Nirmal Bang said.
