Analysts largely maintain positive call on the back of narrowed loss and improved JLR financials; expect volumes to pick up going forward
In an interview to CNBC-TV18, Prayesh Jain, AVP-Research at IIFL shared his readings and outlook on the Q4 numbers of Tata Motors.
Even though clouds of the rise in non-performing assets still looms on SBI, global brokerage firms keep a leap of faith and maintain their buy recommendation.
In an interview to CNBC-TV18, Manish Ostwal, Senior Research Analyst at Nirmal Bang Securities spoke about State Bank of India's Q4 numbers and the performance of the subsidiaries.
In the post-earnings press conference, Arundhati Bhattacharya said, “We do expect, we will need to take some pain in FY18 as the resolutions take place but FY19 things will get better.”
The mother ship of the Indian banking industry is navigating very well in turbulent waters. That’s what we conclude after looking at a very decent set of fourth quarter numbers from State Bank of India.
Global and domestic brokerages have a buy or neutral call on the stock on the back of stable numbers as well as better asset quality.
P S Jayakumar, CEO of the bank said that the rise in profit is due to earning from lending, fee income and also some interest on treasury related income tax refund.
In an interview with CNBC-TV18, Ritwik Rai, VP-Research at Kotak PCG shared his readings and outlook on HUL numbers.
Brokerages largely remain optimistic about the pharma major’s improvement in US business as well as reduced regulatory risks, while some also highlight the seriousness of US FDA’s observations at some of its plants.
With underweight rating on the stock, Morgan Stanley sees downside risks to valuation if volume growth across the portfolio (including Maggi) lags any recovery in urban consumption growth.
Analysts cite stress on margins, expensive valuations as reasons for stock to be under pressure
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.
In an interview with CNBC-TV18, Urmil Shah, AVP-Research Analyst at IDBI Capital and Karan Taurani, Senior Analyst at Dolat Capital shared their readings and outlook in HCL Technologies'Q4 numbers.
HCL Technologies Ltd reported 20.8 percent year-on-year (YoY) growth in net profit to Rs 2325 crore for the quarter ended March 31.
In an interview with CNBC-TV18, Bhavesh Gandhi of IIFL Wealth shared his readings and outlook on Bharti Airtel and the telecom sector.
Brokerage houses largely bet on volume growth for Royal Enfield after it commences its third plant in August along with gain in market share into new cities as well.
Kotak Institutional Equities has maintained a sell rating with a 12-month target price of Rs 580, which translates into a downside of 28 percent from current levels.
ICICI Bank is well capitalised and the strong franchise should be able to ramp up once the bad loan mess is behind it. We expect the bank to see a much better FY19, post a consolidation/resolution year of FY18. After adjusting for the bad assets and value of subsidiaries, the stock quotes at a reasonable valuation of 1.9x FY17 adjusted book.
After fourth quarter earnings, global brokerage houses (barring JP Morgan) expect the stock to give 17-38 percent return over 12-month.
Analysts tracking the stock, though retained their positive calls, but largely held on to their target price.
Largely recommend buying the stock, but also highlight concerns on higher provisioning amount and margin pressure in a few cases.
Axis Bank ended a rather difficult year on a much better note which sets the stage for an improved fiscal year 2018, probably on the back of a system-wide resolution of some of the troubled assets.
In an interview to CNBC-TV18, Ravikant Bhat, Research Analyst at IDBI Capital shared his readings and outlook on Axis Bank's Q4 numbers.