May 02, 2016 at 08:47 | Source: Reuters
Indian banks have either taken over or are in the process of seizing majority control in 18 firms with a combined debt of about USD 15 billion, under a central bank plan that allows them to swap the companies' debt for equity and freeze non-performing loans, brokerage Religare Capital Markets estimates.
Apr 28, 2016 at 18:08 | Source: PTI
The report by the Swiss brokerage Credit Suisse further says that market leader MotoCorp will have the lowest volume growth while TVS will have maximum earnings disappointment due it its stretched valuations.
Apr 28, 2016 at 15:20 | Source: PTI
"A multiple of 15x probably signifies asset quality stress is unlikely to abate in 2016-17 from the current elevated levels... AQR is not the panacea for the sector," the brokerage said in a note today.
Apr 26, 2016 at 16:49 | Source: Moneycontrol.com
Brokerage house CLSA says the Indian generics industry is unlikely to be impacted in the medium-term. This is because the Democrats, who are looking to negotiate drug prices, need a majority in both the houses to bring in any change, which doesnt seem possible soon.
Apr 25, 2016 at 11:49 | Source: Moneycontrol.com
The brokerage firm adds that Dabur is best placed to extend its core product portfolio with forecasts of a normal monsoon rains.
Apr 25, 2016 at 10:00 | Source: Moneycontrol.com
Credit Suisse has initiated coverage on TVS Motor with an underperform rating. The brokerage firm has a target of Rs 260 per share, indicating 20 percent downside. It believes that street expectations of a 300 basis points margin improvement over the next two years are unlikely to be met.
Apr 21, 2016 at 19:30 | Source: PTI
For 55-year-old Jaspal Bindra, who was one of the poster boys of the Indian management talents in global financial markets for over three decades, this is a home coming.
Apr 21, 2016 at 12:55 | Source: Moneycontrol.com
Morgan Stanley has downgraded the stock to underweight from equal-weight with a trimmed target of Rs 516 per share. It believes that Q1F17 guidance does not suggest any meaningful acceleration in core organic business and EBIT margin may face pressure.
Apr 21, 2016 at 10:28 | Source: Moneycontrol.com
Bank shares have witnessed a sharp move following a report that said the RBI may go a little easy on its asset quality review in the fourth quarter and after a brokerage report called the bottom for the steel cycle. But analysts have doubts what this may mean for stocks.