Companies

Everything currently in coverage.

One page per company, with the current rating, target and thesis. New tickers get added here the day coverage starts.

HDFC Bank Ltd.

Deposit mix is normalising, but NIM recovery will take longer than consensus expects.

₹1,780

Jewellery same-store growth is outrunning gold-price drag.

₹4,150

Store economics are strong, but valuation has run far ahead of even the bull case.

Under review