According to the global financial services major, forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also suitable for this.
Deutsche Bank has raised revenue estimates of Whirlpool by 2 percent. However, it has reduce EBITDA margins by 50 bps, leading to cuts of 2-4 percent in earnings per share and has retained a hold on the stock with a target price of Rs 1,120.
It also termed as 'faulty' the argument that a 7.5-8 per cent real GDP growth in the next few years will still be lower than what was achieved in the boom period of 2006-2008.
According to the global financial services major, July was a historic month for Indian equities, with total equity inflows (equity plus equity-linked savings schemes plus equity component of balanced funds) into domestic mutual funds rising to an all-time high of Rs 18,200 crore or USD 2.8 billion.
Deutsche Bank has retained a sell on Voltas with a target price of Rs 390 over a period of 12 months due to disruptions to the most valued cooling business in FY'18 along with disruptions in margins and pricing.
Germany's flagship lender beat the expectations of analysts, who had forecast net income of 273 million euros after just 20 million euros in the second quarter of last year, according to a Reuters poll.
The ECB may launch so-called ownership-control procedures to scrutinise both Qatar's royal family and China's HNA, which each owns just under 10 percent of the shares of Germany's flagship lender.
Deutsche Bank has kept buy rating on Jubilant Foodworks with a target of Rs 1250 and it is a top pick in its consumer discretionary segment along with Titan Company.
Abhay Laijawala is positive on IT stocks with small overweight.
Infosys is scheduled to report its results for the quarter ended June on July 14, Friday, the IT major said in a statement on Thursday.
The stock is trading at 26x FY2019 earnings and it has underperformed Sensex by 27 percent and 4 percent over last one and three years and Deutsche Consumer basket by 32 percent and 52 percent respectively,” the research firm said.
Deutsche Bank expects a soft month for the 2-wheeler segment due to GST related de-stocking whereas it sees a robust scooters volumes growth for June-2017 but with motorcycle weakness driven by Bajaj Auto.
Deutsche Bank has reiterated a buy on Gujarat Gas on the back of volume growth and margin improvement and sees 24 percent upside potential with a target price of Rs 925 over a period of one year.
Deutsche Bank has retained a buy rating on Bharat Heavy Electricals increasing the target price to Rs 185, an upside of 35 percent from the current level.
"CDB and Deutsche Bank agreed to work together over the next five years with an aim of supporting projects worth USD 3.0 billion," the group said in a statement, published as Chinese premier Li Keqiang visits Berlin.
A total 17 banks had bid to underwrite the so-called qualified institutional placement, for which SBI will pay a nominal fee of one rupee, IFR, a Thomson Reuters publication, reported.
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
Reacting to the results, Deutsche Bank maintains its hold rating on Hero MotoCorp with a target price of Rs 3300 as the results were slightly below investment bank’s estimates.
Association of Mutual Funds in India (AMFI) reports a monthly inflow of US$ 650 mn through SIPs (Systematic Investment Plans) in March, reflecting the increased interest in recurring savings allocations.
Narendra Modi-led government will complete three years in power next month on May 25. The government has two more years to ‘re-energize’ the economy, re-start the investment cycle and accelerate job growth, says a report by the Deutsche Bank.
The German bank failed to detect and halt its traders from using chat rooms to communicate with competitors, the Fed said in a statement.
It is very likely that the INR outperformance will continue both within the global and emerging market context, said Sameer Goel, Head-Asia Macro Strategy, Deutsche Bank.
Driven by spike in global commodity prices, benchmark Sensex-30 companies are likely to post 9.1 percent jump in profits, for the fourth quarter of the fiscal gone by, says a report.
Among some of the landmark reforms beyond the GST, Abhay Laijawala sees a high probability of FDI in multi-brand retail, agricultural marketing reforms and amendments to the Prevention of Corruption Act.
Bank of America Merrill Lynch has reiterated a buy call on HCL Technologies with an upward revision in target price to Rs 990 from Rs 935 a share.