Jan 16, 2019 10:54 AM IST
Fund managers were a net 29 percent overweight emerging markets, a swift turnaround from the net 10 percent underweight seen last September
- Jun 27, 2017 07:45 PM IST
Credit growth may pick up to 15 percent in FY18 from 9 percent in FY17 with the demonetisation shock tapering off and rate cuts on the anvil, according to Bank of America- Merrill Lynch.
- Jun 06, 2017 09:32 AM IST
ICICI Lombard General Insurance has picked BofA Merill Lynch and group company ICICI Securities as advisors for its initial public offering, according to a source familiar with the development.
- Apr 17, 2017 02:41 PM IST
"Farm loan waivers of up to 2 per cent of GDP in the run up to the 2019 hustings pose fiscal/rate risk and impacts credit culture," analysts at Bank of America Merill Lynch said in a note today.
- Mar 01, 2017 05:16 PM IST
Even though a 7 percent headline growth number for Q3 suggests resilience in the economy despite note ban, analysts today said a sharp cut in the year ago's data helped achieve it, while demonetisation led to an impact of over 1 percentage point on GDP expansion.
- Feb 07, 2017 03:34 PM IST
The brokerage said 60 percent of 2,000 respondents surveyed by it reported that they have been impacted by the note ban and attributed the "surprising" November industrial growth of 5.6 percent to lower base effect.
- Jan 16, 2017 03:46 PM IST
"Given that growth is stagnating at about 4.5 percent in the old GDP series, we have always believed that the Centre should relax fiscal deficit to combat a global recession that could prove to be longer than the Great Depression," it said, weeks ahead of the presentation of the Budget on February 1.
- Aug 11, 2016 11:50 AM IST
According to Bank of America Merill Lynch, the land parcel is valued at RS 103 per share, which is at 75 percent discount to the estimated market value of Rs 412 per share.
- Jul 20, 2016 05:01 PM IST
Watch CNBC-TV18's Nimesh Shah list out the key findings of a Global Fund Manager's Survey conducted by Bank of America Merrill Lynch.
- Jul 19, 2016 09:57 AM IST
HUL management has reaffirmed its guidance of continued improvement in operating margins despite the recent increase in commodity costs.
- Jun 22, 2016 02:34 PM IST
According to it, ONGC lacks material catalysts near term. Production is forecast to remain range-bound and the company may need time to reduce costs.
- Jun 15, 2016 03:04 PM IST
Bharti‘s India revenue market share may be largely flat for the next four years, despite the Jio entry. BoA ML projects a FY16-19 earnings per share (EPS) CAGR of 20 percent, led by steady EBITDA growth/deleveraging.
- May 27, 2016 11:43 AM IST
Entire oil marketing companies (OMCs) pack is buzzing on buyers' radar today with IOC and HPCL rising 7 and 8 percent respectively.
- May 25, 2016 10:17 AM IST
Investors are worried about management guidance of mid-teen sales growth on the base business (ex-Nexium) over the next three years and EBITDA growth of 15-20 percent. The company has said that continued investment in research and development (R&D) medium-term for growth may further pressurise near-term margins.
- May 24, 2016 12:08 PM IST
Investors continued to sell the stock after its management said, in a conference call, that its margins will suffer in short term as next few quarters will be in investment phase but will see long term growth.
- May 10, 2016 01:08 PM IST
Though a bit cautious, most analysts are bullish on the stock but concerns over rural demand and monsoon still persist.
- May 05, 2016 12:58 PM IST
However, higher competition in Taro's products, re-inspection of Halol resulting in more observations which could delay earnings recovery from the Halol plant may pose threat to the company.
- Apr 28, 2016 12:08 PM IST
JP Morgan has an overweight rating on the stock with a target of Rs 925 per share stating that valuations are still reasonable despite the stock being up 25 percent year-to-date.
- Mar 01, 2016 10:32 AM IST
Jubilant investors are hurriedly buying shares of ITC as brokerages are bullish on the stock. In his Budget proposal for FY17, Finance Minister Arun Jaitley hiked excise duty on cigarettes to 10-15 percent.
- Feb 15, 2016 12:28 PM IST
Strengthening NPL recovery teams/processes, rebalancing its loan mix by increasing share of better rated corporate loans as well as retail loans, and scaling-up its digital platform are few initiatives it is taking to spearhead its growth forward.
- Jan 29, 2016 01:12 PM IST
CLSA maintains buy rating with a target of Rs 320 per share stating that credit costs drove earnings cut but valuations are attractive. The brokerage has reduced earnings forecasts for FY17-18 by 7-10 percent considering higher credit costs and states upside could arise from profit on sale of stakes in subsidiaries.
- Jan 06, 2016 12:49 PM IST
BoAML says that Tata Communications is well-placed to benefit in the high-growth high-margin enterprise of data business. It expects margins improving 17 percent in FY18 from 15 percent in FY15.
- Nov 30, 2015 11:37 AM IST
IDFC is the holding company which owns 53 stake stake in IDFC Bank. IDFC‘s share of the bank is worth (USD1.8 billion) is 30 percent higher than its market cap (USD 1.3 billion).
- Nov 26, 2015 10:40 AM IST
Bank of America Merill Lynch maintains underperfom rating as it feels complete resolution may take 12-18 months. It remains remain cautious on factors such as higher product concentration risks in the US potential, competition in key products and limited pipeline visibility.
- Nov 25, 2015 03:10 PM IST
BoAML believes it is likely to take several quarters to restore investor risk appetite for Eros as value recovery is now highly dependent on further operational execution, including reducing accounts receivables to USD 150-160 million by FY16 driving positive free cash flow and offering more tangible signs of Eros Now monetisation.