Investment Idea

South Indian Bank – Long Term

Posted on by Hiren Kamani

South Indian Bank – For Investment
CMP:Rs 30.5 to 31.5

Stress free pvt bank at PSU price!!

Retail business back in reckoning
6 business lines- corporate loans (small ticket lending), MSME, mortgage, auto, agri & gold loan to propel overall loans. We expect 18% loan CAGR (FY17-19E) v/s 9% (FY14-17). 

Worst is over; watch-list ZERO
Asset quality improvement is incredible with 0 watch-list accounts by Q1FY18. We expect sharp GNPAs decline to 3.0% in FY19E from 3.6% (Jun’17) followed by credit costs decline to 0.7% by FY19E (current 1.4%) which forms key RoA expansion trigger ahead.

Accumulate for Investment

ORIENT BELL – Diwali Pick 2018

Posted on by Hiren Kamani

orientbell

Orient Bell limited is a company that has been on the forefront of innovation in home decor. Innovative and forward-looking, Orient Bell limited  – pioneers in the manufacturing of digital, vitrified, ceramic and ultra vitrified tiles in India and the first to have an in-house European designer. 

OBL’s latest initiative of launching a chain of signature showrooms is to display their complete product range and help their retailers in concept selling.

Market Cap.: 475.67 Cr.
Current Price: 334.25
Book Value: 113.91
Stock P/E: 31.56
Face Value: 10.00
Listed on BSE and NSE
52 Week High/Low: 374.80 / 138.00

Orient Bell Buy @ 330 – 335 Rs 

 "PATIENCE INVESTORS" MUST ACCUMULATE FOR INVESTMENT