ICICI Bank, Dalmia Bharat And More - Top Stock Picks For Diwali And Samvat 2078: Yes Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Top stock picks for Diwali - Samvat 2078 ICICI Bank Ltd.Non-lending businesses contribute 19-21% to the overall value of State Bank of India, ICICI Bank and Kotak Mahindra Bank Ltd., specifically, 20% for ICICI Bank, whereas, for other banks in our 11-bank coverage universe, at 0-5%, such businesses do not move the needle in terms of augmenting overall shareholder value. We factor in - contingent Covid-19 provisions,other excess provisions,provisions on restructured book andspecific provisions and note that these provide the highest coverage for non-performing asset plus restructuring estimate for ICICI Bank at 89% of said combined stressed book.Dalmia Bharat Ltd. Dalmia Bharat (pan India fourth largest player) holds ~6% of the pan India capacity share with the total cement capacity of 33 million tonnes per annum. While its ~63% (as of September 2021) of cement capacity is mounted in the east that makes him the largest player of the east market holding ~16% capacity share of the east. Supported by the strong profitability, we expect Dalmia Bharat to generate a robust free cash flow of Rs 30 billion post-Capex of Rs 23 billion over FY22/23E and aid to fund its future Capex without pressurising its balance sheet. .Click on the attachment for full list of Yes Securities' Diwali stock picks:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Bank, Dalmia Bharat And More - Top Stock Picks For Diwali And Samvat 2078: Yes Securities

ICICI Bank, Dalmia Bharat And More - Top Stock Picks For Diwali And Samvat 2078: Yes Securities

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