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Yes Securities Research Report
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.
Apollo Pipes Ltd. - Large investments likely to flow in irrigation segment (50% pipe demand) coupled with healthy capital outlay in water supply system segment (35% pipe demand) over FY20-FY24E which should enable plastic pipe industry to register 13% compound annual growth rate over similar period. Revival in real-estate industry will provide additional boost.
Click on the attachment for the full list of Yes Securities' top four stock picks for December:
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