Oyo has also imposed extra fees on hotels and declined to pay the hotels the full amounts they claimed they were owed, according to interviews with hotel owners and employees, emails, legal complaints and other documents viewed by The Times. Some hotel operators have sought to file criminal complaints against Oyo, which said it withheld payments primarily over the hotels’ customer service issues. … [Read more...] about At SoftBank’s jewel in India: ‘Toxic’ culture and troubling incidents
One could argue that the order book, inclusive of the newly won orders, is around Rs 6,600 crore, which translates into 3x TTM book-bills. Given the delay in appointed dates, we anticipate an 8 percent CAGR in revenue until FY21. With relatively lower EBITDA margin, we anticipate flat EBITDA in the next two years. With limited interest outgo and full taxes, we anticipate 5 percent CAGR in earnings. With a target price of Rs 336, based on 15x FY21 EPC earnings and assets at fair value, we maintain buy. … [Read more...] about Cherry-picking in times of volatility: Brokerages bet on 10 stocks for 16-35% returns
(With inputs from PTI.)Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020 to be presented on February 1: Parliamentary Affairs Minister
Yes Bank has also upped the quantum of exposure that are likely to be part of the second round of resolution under the IBC (Insolvency and Bankruptcy Code). The total exposure is close to Rs 1434 crore of which Rs 1267 crore is already a part of the NPA. The bank carries 50 percent provision for the accounts that have already been referred and 39 percent provision for the accounts that are likely to be referred to NCLT (National Company Law Tribunal). … [Read more...] about Yes Bank – Is it a yes or a no after the recent correction?
We had highlighted the green shoots at Shriram Transport earlier and the second quarter earnings and positive management commentary testify to that. The numbers were decent; asset quality was optically stable although the migration to the 90-day rule on non-performing assets recognition is not yet done, and margins are holding up well amid stiff competition. Despite today’s sharp run-up in the share price, the stock merits attention on any weakness. … [Read more...] about Shriram Transport – Good numbers, robust outlook. Need we say more?