Sundaram Finance - A Strong Franchise: Nirmal Bang Initiates Coverage
An employee counts Indian one hundred rupee banknotes in a branch in New New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Sundaram Finance - A Strong Franchise: Nirmal Bang Initiates Coverage

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.

Nirmal Bang Report

Sundaram Finance Ltd. has demonstrated its ability to maintain profitability while retaining healthy asset quality over economic cycles, comfortable capitalisation and a well diversified resource profile.

The focus on growth, quality, profitability, high repeat customer base, strong market understanding and seasoned management team place the business in strong position.

The gross non-performing assets remain better than the peers by wide margins, testimony to its strategy of chasing quality over growth.

Click on the attachment to read the full report:

Nirmal Bang Sundaram Finance- Initiating Coverage- 20 May 2021.pdf

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.