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Thursday , 19 April 2018
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BUY: Karur Vysya Bank ACCUMULATE: Dewan Housing Finance, KEI Industries

DATE: 4th October 2017
 
Company
Rating
CMP (Rs.)
Target (Rs.)
Upside (%)
Rationale
Dewan Housing Finance
Accumulate
           550
                610
           11.0
With a focus on the low and medium income (LMI) consumer segment, the company has increased its presence in tier-II & III cities where the growth opportunity is immense.
Karur Vysya Bank
Buy
           143
                180
           25.9
Loan growth is likely to pick up after a sluggish FY17. Lower credit cost will help in strong bottom-line growth. Increasing share of CASA will help in NIM improvement.
KEI Industries
Accumulate
           360
                385
             7.0
High order book execution in EPC segment, rising B2C sales and higher exports to boost the revenues and profitability
 
Please refer to the attached report.
 

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