Jan 28, 2015 05:13 PM IST
The government currently holds 89.65 percent stake in CIL. As per the minimum shareholding norms for listed companies, the government needs to lower its stake in the state-run behemoth to 75 percent.
- Jan 16, 2015 12:50 PM IST
Brokerages are not perturbed by its performance as the street had expected relatively cautious commentary on demand environment due to management‘s conservatism. In its analysts meet on December 12, TCS had warned of weak revenue growth.
- Dec 11, 2014 01:22 PM IST
CLSA prefers both Bharti Airtel and Bharti Infratel among the telecom companies hoping for the February 2015 spectrum to be favourable for these companies. According to the brokerage, Idea Cellular and Reliance Communication are most vulnerable and Vodafone too has high spectrum needs.
- Nov 12, 2014 01:14 PM IST
Bank of America Merill Lynch has raised target price to Rs 435 per share from Rs 380 on better growth visibility. Driven by market share gains and high asset quality comfort, the brokerage has raised its earnings per share (EPS) for FY16-17 by 3 percent.
- Oct 31, 2014 11:49 AM IST
Maintaining a buy rating, Citi has revised its target to Rs 3785 from Rs 3083 as it believes that strong product line-up driving market share gains and benefits from a depreciating yen will act as positive triggers.
- Oct 28, 2014 01:10 PM IST
It adds that the market is under-estimating benefits of ICICI Bank's expanded distribution and technology while concerns on its overseas profitability are overdone. According to BoAML's estimates return on assets (RoA) of its â€˜overseas branches' is likely to be 1.6 percent and earnings are likely to double in four years.
- Oct 27, 2014 09:33 AM IST
Citi downgraded the stock to neutral and reduced target price to Rs 625 from Rs 705, stating that deal wins have been strong for several quarters but are yet to translate into revenue growth.
- Oct 20, 2014 11:07 AM IST
Brokerages are positive on the oil & gas sector. Deutsche Bank estimates reforms to drive FY14-17e earnings growth of up to 75 percent and return on equity (RoE) improvement by 200-500bps for state-owned oil companies.
- Feb 14, 2014 01:42 PM IST
The National Stock Exchange will launch futures contracts on the India VIX index from February 26. A VIX is a volatility-based index that moves generally moves in the opposite direction to the benchmark index. Here are three key takeaways on the VIX as put together by a report by Bank of America-Merrill Lynch.
- Dec 13, 2013 01:16 PM IST
Indranil Sengupta, chief economist, BofA ML, in an interview to CNBC-TV18 says he expects the Reserve Bank of India to hike repo rates by 25 basis points (bps) in its December policy, following which the Governor is likely to hold rates.
- Aug 23, 2013 08:41 AM IST
China stands out like a "stallion" amid the turmoil in emerging markets, according to one strategist, as a slowdown in the world`s second largest economy shows increasing signs of stabilization.
- Aug 22, 2013 10:05 AM IST
JSW Steel imports coal and since the rupee depreciated around 9 percent during June quarter, the firm reported forex loss of Rs 850 crore.
- Aug 13, 2013 11:59 AM IST
India's largest lender shares hit four-year low Tuesday following a dismal April-June quarter earnings. Investors shrugged off the stock as its first quarter standalone net profit dropped 14 percent year-on-year to Rs 3,241 crore. Net interest income (NII) inched up 3.5 percent to Rs 11,512 crore.
- Jul 22, 2013 11:18 AM IST
Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.
- Jul 21, 2013 02:03 PM IST
According to BofA-ML, the opening up of the telecom sector is just a first step and more policy improvements are likely.
- Jul 08, 2013 10:50 AM IST
SpiceJet‘s Neil Mills had in a recent interview with CNBC-TV18 clarified that Indigo can never be a threat to the airline due to the strong sustainable low cost business model of the company.
- Jun 30, 2013 09:10 PM IST
Analysts expect current account deficit (CAD), which came in at a record high of 4.8 per cent for FY13, to come down in the current fiscal, with some estimating it to go down to 4.3 per cent levels.
- May 27, 2013 04:18 PM IST
Bank of America Merill Lynch (BofA-ML) said that the Reserve Bank of India could cut the cash reserve ratio (CRR) by 0.25 percent alongside a repo rate cut of 0.25 percent.
- Apr 05, 2013 06:07 PM IST
BofA-ML also notes that SpiceJet stock has corrected sharply in the last two month on account of Jet-Etihad deal talks. However, the likely entry of Malaysia‘s AirAsia will also not pose any meaningful impact to SpiceJet‘s existence till FY15, it said.
- Jan 30, 2013 10:26 AM IST
Shares in Indiabulls Real Estate gain 2 percent after Bank of America Merill Lynch upgrades the stock to "buy" from "neutral" and raises its price objective to Rs 100 from Rs 69.
- Dec 01, 2012 05:10 PM IST
Asia's biggest laggard could turn into one of the best performers next year. We are talking about the Indian rupee which has tanked 13 percent since its peak in February, but one expert predicts this beleaguered currency is in for a big turnaround in the new year.
- Jul 18, 2012 12:54 PM IST
Amid reports on Reliance Industries (RIL) warning the government of a possible shut down of KG-D6 in absence of investments approvals, analysts see a downward risk for the stock from its current levels.
- Mar 28, 2012 12:00 PM IST
Due to the large size of the government’s borrowing calendar, Jayesh Mehta from Bank of America Merill Lynch says that 9% on the 10-year bond yield looks like a done deal.
- Jul 20, 2011 08:37 PM IST
A majority of international fund managers believe that US Federal Reserve will not get into a third round of quantitative easing -- QE3 -- by pumping more money into the system to help revive the economy, a survey by Bank of America Merill Lynch (BofA) has found.