Thu, Dec 3, 2020 1:22 PM
Burger King IPO subscribed nearly 5 times on day 2 so far
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Anand Rathi's research report on Federal Bank. The ~1.6bn wage revision-related expenses piled pressure on Federal Bank’s operating profits, but, provision write-backs aided profitability, with the RoA at 1.22% (down 17bps q/q). Balance-sheet growth was strong and headline asset quality improved. Our sanguine view on the bank persists, with a 12-mth TP of Rs202, 1.2x P/BV on its FY26e book.
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💰In the Nifty index, the top gainers were Coal India (up 4.56%), Grasim Industries (up 1.81%), ONGC (up 1.17%), Dr Reddy's Laboratories (up 0.99%), and Hindalco Industries (up 0.88%). 💰On the other hand, Larsen & Toubro (down 2.77%), Maruti Suzuki India (down 2.45%), Nestle India (down 2.24%), Reliance Industries (down 2.22%), and Bharti Airtel (down 2.04%) were the top losers.
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Asit C Mehta report on Triveni Engineering and Industries. Triveni Engineering and Industries Limited (TRIVENI), was incorporated in 1932 and is engaged in various industries, including sugar and alcohol production (including ethanol), power co-generation, power transmission, industrial gears and gearboxes, defense, water treatment solutions, and FMCG brands.
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