PB Fintech: Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein

PB Fintech: Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein

Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer … Read more

government subsidies: EV industry in India is not relevant without incentives: Bernstein

government subsidies: EV industry in India is not relevant without incentives: Bernstein

The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report noted that generating sufficient margins and scaling up in the EV space is difficult, even … Read more

stocks: Bernstein initiates coverage on retail and restaurant stocks

stocks: Bernstein initiates coverage on retail and restaurant stocks

Brokerage Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as … Read more