Transwarranty Finance Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Transwarranty Finance Ltd
cmp:11
Code:532812

Story:Transwarranty Finance Limited provides various financial services in India. Its investment banking services comprise mergers and acquisitions, venture capital and private equity, capital infusion from financial/strategic investors, foreign capital rising through FCCB/ADR/GDR/AIM listing, joint ventures, entry strategies for foreign companies, corporate advisory services, and business re-structuring services. The company’s corporate finance services include structured finance, rupee term and foreign currency loans, working capital bank limits, asset financing, acquisition finance, stressed assets finance, and debt re-structuring; and project finance services consist of financial structuring, project report and financial feasibility study, and raising project equity and loans. It also provides financial advisory services to raise project funding and equity, private equity, and debt in the real estate and infrastructure development sector and enters into joint development/outright sale transactions. In addition, the company offers trade finance services, including letter of credit bills discounting, inter corporate deposits, unsecured working capital loans, and import and export finance. Further, it provides merchant banking, institutional broking, arbitrage between cash and derivatives market, depository services on the Central Depository Services Limited, and wealth management services, as well as operates as a corporate agent/distributor for various mutual funds. Additionally, the company offers broking services, including inter bank foreign exchange broking, foreign exchange advisory, and foreign currency exchange services; and retail share and commodities broking, and mutual funds investment advisory services. It serves large and mid cap companies, banks and financial institutions, mutual funds, asset management companies, and retail clients.It's not in the right space, it's interest rate sensitive, it's an NBFC. So in any case the market doesn't like rates sensitives right now.Even the valuations are not great.The book value is something like Rs 20 odd, so it's trading at half of book.Even at these valuations you can buy good quality pedigree banks for that price.Also it's bit of a hotchpotch because it does a bit of NBFC, little bit of BPO, very small scale of operation, so not very clear focused for the management as well.Better exit at rallies.