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  • Govt to divest up to 10% in Coal India; OFS to open Jan 30 Jan 28, 2015 05:13 PM IST

    Govt to divest up to 10% in Coal India; OFS to open Jan 30

    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.

  • TCS falls 2%: Why are analysts still bullish post mute Q3? Jan 16, 2015 12:50 PM IST

    TCS falls 2%: Why are analysts still bullish post mute Q3?

    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.

  • Bharti Infra up 12%, analysts bullish on data demand hopes Dec 11, 2014 01:22 PM IST

    Bharti Infra up 12%, analysts bullish on data demand hopes

    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.

  • LIC Housing at new high; BoAML ups target on growth hopes Nov 12, 2014 01:14 PM IST

    LIC Housing at new high; BoAML ups target on growth hopes

    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.

  • Maruti at new high again; analysts up target post strong Q2 Oct 31, 2014 11:49 AM IST

    Maruti at new high again; analysts up target post strong Q2

    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.

  • ICICI Bank up 2%, BoAML says stock may double in 3-4 yrs Oct 28, 2014 01:10 PM IST

    ICICI Bank up 2%, BoAML says stock may double in 3-4 yrs

    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 ‘overseas branches' is likely to be 1.6 percent and earnings are likely to double in four years.

  • Wipro slips 2%; Brokerages reduce rating & target post Q2 Oct 27, 2014 09:33 AM IST

    Wipro slips 2%; Brokerages reduce rating & target post Q2

    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.

  • ONGC up 9%, OMCs rally: Brokerages advice how to trade now Oct 20, 2014 11:07 AM IST

    ONGC up 9%, OMCs rally: Brokerages advice how to trade now

    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.

  • VIX futures to launch: BofA-ML's takeaways Feb 14, 2014 01:42 PM IST

    VIX futures to launch: BofA-ML's takeaways

    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.

  • Eco won't revive until Sept '14; see 25bps repo hike: BoAML Dec 13, 2013 01:16 PM IST

    Eco won't revive until Sept '14; see 25bps repo hike: BoAML

    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.

  • China a 'stallion' amid emerging market turmoil Aug 23, 2013 08:41 AM IST

    China a 'stallion' amid emerging market turmoil

    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.

  • JSW Steel to hike price by 4-6% as coal gets costlier Aug 22, 2013 10:05 AM IST

    JSW Steel to hike price by 4-6% as coal gets costlier

    JSW Steel imports coal and since the rupee depreciated around 9 percent during June quarter, the firm reported forex loss of Rs 850 crore.

  • SBI at 4-yr low, brokerages cut target: How to trade it now Aug 13, 2013 11:59 AM IST

    SBI at 4-yr low, brokerages cut target: How to trade it now

    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.

  • This is what analysts make of Reliance Industries post Q1 Jul 22, 2013 11:18 AM IST

    This is what analysts make of Reliance Industries post Q1

    Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.

  • 100% FDI in telecom to spur interest in auctions Jul 21, 2013 02:03 PM IST

    100% FDI in telecom to spur interest in auctions

    According to BofA-ML, the opening up of the telecom sector is just a first step and more policy improvements are likely.

  • Why IndiGo, SpiceJet don't see threat from AirAsia Jul 08, 2013 10:50 AM IST

    Why IndiGo, SpiceJet don't see threat from AirAsia

    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.

  • CAD to narrow in FY14, financing it is a concern: Analysts Jun 30, 2013 09:10 PM IST

    CAD to narrow in FY14, financing it is a concern: Analysts

    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.

  • BofA-ML sees 25 bps cut in repo, CRR in June review May 27, 2013 04:18 PM IST

    BofA-ML sees 25 bps cut in repo, CRR in June review

    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.

  • Buy SpiceJet; no AirAsia worry till FY15: BofA-ML Apr 05, 2013 06:07 PM IST

    Buy SpiceJet; no AirAsia worry till FY15: BofA-ML

    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.

  • BofA-Merrill raises Indiabulls to 'buy'; stock gains Jan 30, 2013 10:26 AM IST

    BofA-Merrill raises Indiabulls to 'buy'; stock gains

    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.

  • Top performing currency in 2013? Not what you think Dec 01, 2012 05:10 PM IST

    Top performing currency in 2013? Not what you think

    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.

  • Will on-going crisis at KG-D6 basin impact RIL stock Jul 18, 2012 12:54 PM IST

    Will on-going crisis at KG-D6 basin impact RIL stock

    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.

  • Bonds worried by high borrowing; see 8.5-9% yields: BofAML Mar 28, 2012 12:00 PM IST

    Bonds worried by high borrowing; see 8.5-9% yields: BofAML

    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.

  • Global fund managers do not see QE3 coming: Survey Jul 20, 2011 08:37 PM IST

    Global fund managers do not see QE3 coming: Survey

    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.

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