Wide raging political and economic approval, a rarity in Indian political set up, the race for 2019 general elections appears to be a one-race horse.
Japan’s largest lender is banking on an easier ride in Indonesia. Buying into Bank Danamon would nicely round out the regional presence.
Investors have lopped off about a quarter of Equifax’s market capitalization since the breach. That’s consistent with a sustained drop in profit.
Win in the regional elections would enable a push for other policy steps that would propel India on a high growth path and guide the pace of govt over next 12 months.
Volatility is good for a stock exchange, and as HKEX tries to reposition itself, a big launch for a mainland startup is something to celebrate.
NEW INDIA ASSURANCE Q2 REVIEW
PAT at Rs 748 Cr Vs Rs 260 Cr, up 187%
Gross Premium written at Rs 6489 Cr Vs Rs 5784 Cr, up 12.18%
Solvency Margin at 2.24x Vs 2.04x
CARE RATINGS Q2 REVIEW
Revenue From Ops at Rs 91 Cr Vs Rs 81 Cr, Up 12.4% YoY
PAT at Rs 48.3 Cr Vs Rs 47.4 Cr, Up 2% YoY
Operating Profit up 10.5%
Addition of 1077 new clients 2410 issue rated during the quarter
WONDERLA HOLIDAYS Q2 REVIEW
Net Sales down 0.6% at Rs 51.2 Cr Vs Rs 51.4 Cr
EBITDA up 9% at Rs 12.9 Cr Vs Rs 11.8 Cr
EBITDA Margin at 25.2% Vs 23%
Net Profit down 38% at Rs 2.3 Cr Vs Rs 3.7 Cr
Tax rate at 35% Vs 3.8%
All numbers compared on YoY unless specified otherwise