Feb 05, 2016 at 14:17 | Source: Moneycontrol.com
Credit Suisse maintains an underperform rating with a target price of Rs 180 per share. It expects continued weakness at the European operations as it mothballs existing downstream facilities and realigns production while incurring related fixed costs for a few more quarters.
Feb 04, 2016 at 13:28 | Source: Moneycontrol.com
Dish TV's net subscription additions of 0.32 million were the lowest in six quarters whereas DTH/cable competitors saw acceleration in subscriber additions in third quarter. However, the management continues to guide 1.5 million net subcription additions for FY16.
Feb 04, 2016 at 09:38 | Source: Moneycontrol.com
Flipkart is said to have approached Alibaba for an investment. What it seems to confirm is that the end of the burn-money-for-growth strategy is likely nearing an end.
Feb 01, 2016 at 13:03 | Source: Moneycontrol.com
The street is very worried about order inflows and Middle East exposure. On both counts, L&T has delivered decent numbers in Q3. Further, it has broadly maintained guidance on revenues and margins.
Jan 29, 2016 at 13:12 | Source: Moneycontrol.com
CLSA maintains buy rating with a target of Rs 320 per share stating that credit costs drove earnings cut but valuations are attractive. The brokerage has reduced earnings forecasts for FY17-18 by 7-10 percent considering higher credit costs and states upside could arise from profit on sale of stakes in subsidiaries.
Jan 25, 2016 at 19:42 | Source: Moneycontrol.com
In an interview with moneycontrol.com, Govind Sankaranarayanan, COO - Consumer Finance & Retail Business, Tata Capital, discusses how the company is embracing the digital revolution and how he thinks it will change the nature of the lending business in the foreseeable future.
Jan 25, 2016 at 13:57 | Source: Moneycontrol.com
Jefferies has maintained buy rating on ITC but lowered FY16-18 earnings per share (EPS) estimates by 3 percent and target price to Rs 381 per share mainly to account for higher tax rates. It says near-term earnings are likely to be weak but believes we are nearing the bottom of the weak demand cycle.
Jan 25, 2016 at 09:58 | Source: Moneycontrol.com
The upcoming Budget, which will be presented on February 29, will see Finance Minister Arun Jaitley trying to balance pressures from the Pay Commission report, and his promise to lower corporate tax and raise capex
Jan 22, 2016 at 13:05 | Source: Moneycontrol.com
Though Q3 results may be sound which is seasonally a good period for the industry, IndiGo did not see a strong growth in September quarter. Its Q2 profit fell steeply to Rs 112.6 crore from Rs 640 crore in Q1FY16 Q2 while revenue also slipped 18 percent to Rs 3539 crore versus Rs 4317.1 crore
Jan 21, 2016 at 16:19 | Source: Moneycontrol.com
In a free-wheeling chat with moneycontrol.com, when he was recently in the city for the 6th CFA Investment Conference, Kay said a 2008 like situation seems unlikely in the near future.