Page 3 - Crisil Research

Higher domestic demand, exports to put pharma SMEs in pink of health

This augurs well for small and medium enterprises (SMEs), which have a 35-40 per cent share in industry revenue

Bank credit growth to moderate; capital buffers to remain comfortable

"Margins under pressure due to rising interest rates plus increase in the operating expenditure on revision in salaries. Despite this, banks' profitability will remain robust"

Residential realty's robust run, housing demand up 6-9% in top 8 cities

As the industry consolidates, residential developments are being executed by a handful of large developers who have successfully navigated the economic challenges posed by the pandemic

CRISIL analysis: Moderation in input prices to ease pressure on margins

Apart from creating a presence in generics, larger players are also developing specialty products, biosimilars, and complex generics, which will be key medium-term growth drivers for the industry

Auto sector to take a V-turn in FY25 on election winds, new models

Luxury car segment will continue to rise its EV penetration. However, the tipping point is still a few years away. Customers require convincing on ownership benefits and hassle-free experience

Fund Pick: ICICI Prudential All Seasons Bond leads in CAGR, strategy

It is an open-ended dynamic debt scheme investing across durations, and faces relatively high interest rate risk and moderate credit risk

Nippon India Multi Cap Fund is outshining peers and benchmarks by a margin

The investment objective of the scheme is to generate capital appreciation from a portfolio predominantly invested in equity and equity-related instruments

Improved spatial rain distribution aids crops, shows CRISIL DRIP index

Crop-wise, DRIP scores are better for most crops except pulses and rice relative to the previous year

HDFC Hybrid Equity Fund: A good balance between returns and safety

The scheme's investment objective is to generate capital appreciation/income from a portfolio, predominantly comprising equity and equity-related instruments

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

Fund Pick: Nippon India Large Cap Fund is a diversified outperformer

The fund's objective is to invest in the top 100 companies by market capitalisation and ensure stability and liquidity in the portfolio while generating alpha

Fund Pick: HDFC Flexi Cap Fund is enduring innings at the crease

In the past three years, the fund took exposure across market capitalisations, with predominant allocation to large-cap stocks (averaging 79.88 per cent)

Fund Pick: ICICI Prudential Value Discovery Fund a consistent outperformer

The scheme's investment objective is to seek long-term wealth creation by actively investing in equity/equity-related securities, following a value investment strategy

Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer

Aggressive approach to outperformance

CGD, fertilisers to drive demand for domestic natural gas: CRISIL

The growth is in line with the government's target to increase the share of natural gas in its energy mix to 15 per cent by 2030 as part of its environmental commitments

Residential real estate sales to lag commercial in FY23: CRISIL

On the commercial real estate front, after a healthy performance in the first half of this financial year, net leasing will slow down in the second half owing to fears of an impending global recession

Retail, farm segments set to drive credit growth in FY23: CRISIL

Banks' net interest margin should expand in the near term despite credit costs expected to normalise

Domestic, semi-regulated markets to drive pharmaceutical industry's growth

High raw material prices to put pressure on margins

ICICI Prudential Equity & Debt Fund: An outperformer in hybrid category

The fund's investment objective is to generate long-term capital appreciation and current income from a portfolio invested in equity, equity-related securities, and fixed-income securities

Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer

The fund's month-end assets under management increased to Rs6,714.5 crore in September this year, from Rs1,086.8 crore in September 2019