IndiGo, Info Edge and NIIT Tech, among others, are being tracked by investors on Tuesday.
The brokerage house said that in effect, w/the master supply agreement, cos intend to derive savings. Further, it sees a clear rationale for minority shareholders to approve the master supply agreement.
Brokerage: Deutsche Bank
The global investment bank expects benefit from the master supply agreement to accrue from three major areas. Main objective is to reduce cost to service markets, it said, adding that the firm will improve plant capacity utilization wherever possible. It prefers ACC over Ambuja on better valuation. The preferred sector picks remain Shree Cement, UltraTech and Dalmia Bharat.
Brokerage: Morgan Stanley | Rating: Equal-weight | Target: Rs 1,213
The global brokerage firm believes that Q4 may be a weaker quarter with yields down yoy. It is awaiting further details on A320 neo issue and is maintaining earnings for now. It continues to assume 24 percent ASKM growth in Q4, EBITDAR at Rs 16.6 billion.
Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 1,050
Credit Suisse said that stock has done well but valuations are not stretched. It estimates a slight margin expansion in FY18 & FY19. It also said that it is seeing early signs of pick up in deals.
Brokerage: Macquarie | Rating: Neutral | Target: Rs 1,300Macquarie believes that there is a case for higher shareholder payout. It highlighted that the cash pile of Rs 18 billion. Further, it remains confident about the ability to maintain market share.