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Sundaram Finance - It’s A Marathon, Not A Sprint; Downgrade To Reduce: HDFC Securities

Robust franchise; albeit valuations sprinting ahead of fundamentals

<div class="paragraphs"><p>Indian 200-rupee banknotes arranged for photograph. (Photographer: Vijay Sartape  Source: NDTV Profit)&nbsp;&nbsp;</p></div>
Indian 200-rupee banknotes arranged for photograph. (Photographer: Vijay Sartape Source: NDTV Profit)  
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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