Nov 24, 2015 at 14:58 | Source: Moneycontrol.com
According to the brokerage, Crompton Greaves has under-utilised brand as it remains restricted to a few segments -fans, lighting & pumps. It expects Crompton to increase its footprint in other segments like appliances and potentially into the switchgear market.
Nov 24, 2015 at 10:00 | Source: Moneycontrol.com
The brokerage is concerned on growth of diesel cars as share of diesel variants has already come off in the past two years and it may fall further.
Nov 23, 2015 at 15:09 | Source: Moneycontrol.com
The brokerage states that although the comopany has done well over the past few years by diversifying into non-auto businesses, its overall cyclical exposure remains quite high. The company still derives 45 percent of its revenue from CVs and 10 percent from oil & gas.
Nov 23, 2015 at 11:58 | Source: Moneycontrol.com
The brokerage has also slashed 12-month target price to Rs 363 from 369 and cut FY16-18 earnings per share estimate further by 21-26 percent driven by JLR (Jaguar Land Rover) margin weakness and elevated depreciation & amortisation charges. Earlier in July 2015, it cut consolidated FY16-FY18 earnings per share by 24-38 percent.
Nov 20, 2015 at 12:43 | Source: Moneycontrol.com
Brokerages are still cautious on the stock as troubles do not seem to end for the Indian pharma company.
Nov 19, 2015 at 12:58 | Source: Moneycontrol.com
The brokerage says this is a particularly attractive entry point post 10 percent correction in last week. It feels that fears of margin risk appear overdone given lnfosyss progress in optimising its cost structure.
Nov 17, 2015 at 22:28 | Source: PTI
Since January this year, the RBI has reduced repo rate by 125 basis points to 6.75 percent.
Nov 16, 2015 at 12:12 | Source: Moneycontrol.com
However, brokerages are not perturbed by the earnings and recommend buying the stock. Citi has a buy rating on inexpensive valuations with a target price of Rs 455 per share. It is bullish due to higher volume trajectory up, auction of non-power linkages -pricing upside going forward and 6 percent dividend yield.
Nov 08, 2015 at 12:52 | Source: PTI
According to a Deutsche Bank research report, inflows sustained into local equity MFs for a record 18th successive month.
Oct 30, 2015 at 14:43 | Source: PTI
According to the Japanese brokerage firm, India is on the right track, but has a long road ahead. Out of 189 countries ranked by the World Bank in its ease of doing business report, India's rank has improved to 130 this year.