Moneycontrol Bureau Here are brokerage firms' views on auto and bank stocks. Maruti JP Morgan is overweight on the stock with target at Rs 6300 per share as December sales showing evidence of negative impact of demonetisation. It says growth in exports provided some support. The management does not expect growth to slip below 10 percent while segment-wise trends still indicate positive model mix. It says sharp rate cuts by SBI should help discretionary spending. Banks Macquarie maintains cautious stance on the banking sector. HDFC Bank, YES Bank and IndusInd Bank are its top picks. It says gross NPAs may increase from current levels in base case while PSU banks remain the most stressed segment.CLSA says SBI's lending rate cut can lift growth at lower margins. It adds that lower rates could regain growth & help regain some share from bond markets. It feels the move is negative for margins but applies to incremental loans.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
