Nov 23, 2015 at 10:52 | Source: CNBC-TV18
According to him, 2016 median EPS growth is optimistic at 22 percent but even with downgrades growth will be high relative to the region.
Nov 10, 2015 at 12:00 | Source: Moneycontrol.com
Dr Reddy's Labs fell more than 4 percent after Citi downgraded stock to neutral. "We cut FY16-18 EPS by 5-12 percent and move to a lower PE (23x) to arrive at a new target price of Rs 3,775 (from Rs 4,975). A recent 20 percent correction & other mitigating factors could limit further downside but we expect recovery to be drawn out," Citi reasons.
Nov 09, 2015 at 12:37 | Source: Moneycontrol.com
Credit Suisse downgraded the stock to neutral and slashed FY16/17/18 earnings per share (EPS) by 9/15/12 percent. It has also cut target multiple by 10 percent to Rs 775 per share.
Nov 05, 2015 at 11:14 | Source: CNBC-TV18
He further says Credit Suisse analysts have cut FY16/17 Nifty EPS estimates by 0.6-2 percent, adding cuts were broad-based, only energy and telecom have seen upgrades.
Oct 30, 2015 at 08:52 | Source: CNBC-TV18
Siva says India's 2015 consensus EPS downgrades of 17 percent are double the regions. "India's current ROE is 13.8 percent but implied ROE is 19.1 percent, we reiterate underweight call on India," she adds.
Oct 28, 2015 at 10:00 | Source: Moneycontrol.com
Axis Bank plunged more than 5 percent after brokerage cut target price on the stock, though they maintained positive rating on stock. With retaining overweight rating, Barclays slashed target price to Rs 629 (from Rs 633) and reduced FY16/17 EPS by 4/3 percent mainly on back of increased credit costs.
Oct 26, 2015 at 12:00 | Source: Moneycontrol.com
Asian Paints plunged 4.5 percent after its results missed street expectations. Jeferries downgraded stock to hold from buy and slashed price target to Rs 823 per share from Rs 843 and also cut FY16-18 EPS by 5-8 percent.
Oct 26, 2015 at 11:00 | Source: Moneycontrol.com
Jefferies has downgraded the stock to hold from buy with a reduced target price of Rs 823 from Rs 843 per share. It says that Asian Paints reported weak Q2FY16 mainly due to poor pricing/mix and sees deterioration in mix a risk to margins. Jefferies has also cut FY16-18 earnings per share (EPS0 by 5-8 percent.
Oct 20, 2015 at 09:42 | Source: CNBC-TV18
The 8 percent rally in the Indian stock market since its recent September 7 low has removed some of the "dislocations" that previously existed, says Sanjeev Prasad of Kotak Institutional Equities.
Oct 15, 2015 at 12:47 | Source: Moneycontrol.com
Reiterating a buy rating, Bank of America Merill Lynch has increased target price by 2 percent to Rs 460 per share, hoping the company will benefit from continued ad growth. It has also increased FY17-18 earninsg per share (EPS) by 1 percent.