Muhurat Trading Time for 2016: This year on 30th October Sunday Muhurat Trading will take place from 6:30PM – 7:30PM. Like all the years this year too we will focus on few picks for Muhurat Trading 2016.
RBL Bank (RBL) has been among the fastest growing private sector banks in the past 5‐6 years, with advances CAGR of 61.9% over FY2011‐FY2016. RBL has a wide range of products, catering to various segments from Corporates to Retail.
Over the past few years, RBL has invested significantly to improve its systems & processes. As a result, the bank’s cost‐to‐income ratio has remained high. However, as these investments bring economies of scale, we can expect costs to decline in the coming years, which in turn would help improve RoA and RoE.
The core Cable business of Finolex Cables remains steady with a dominating market share. It is expected to sustain double‐digit volume growth. Also, the Obtic Fibre business has bright prospects, given the government’s push for Digital India.
We believe that FCL will continue to generate strong cash flows and return ratios on a sustainable basis to create shareholders value.
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