Bnp Paribas

Outbound M&A activity continues to be active in pharma, IT and industrial space. Acquisitions over the past few years have been strategic in nature; it is no longer about acquiring only to expand the presence outside of India. Indian companies are looking to add capabilities and geographies which are strategic for their expansion plans.

India Inc’s FY26 earnings forecast likely to see cuts, says BNP Paribas' Kunal Vora

FY25 earnings fell short of expectations, and FY26 consensus estimate looks optimistic, said Head of India Equity Research Kunal Vora.

Rising preference for delivery boosts Swiggy, Zomato: Dents Domino's, KFC, Burger King store sales

This shift of consumers moving away from dine-in, is leading to sales growth being led by delivery, while dine-in sales are under pressure. BNP Paribas Exane infers that this trend is likely to continue.

French investors BNP Paribas, Societe Generale to gain most as Sebi eases FPI disclosure norms

Hike in capital gains tax rate in the Union Budget further puts these French banks at an advantage, since France is among the last few countries whose tax treaty with India offers capital gains tax exemption

Why did Vodafone Group sell 18% stake in Indus Towers now?

'Vodafone has been negotiating with the lenders for an extension for the repayment deadline while simultaneously also trying to refinance a large outstanding loan for which it had received an ultimatum from lenders,' sources told Moneycontrol.

Markets set to grow further in 2024, global risks not a big worry for India: BNP Paribas Securities

Nifty has a high single-digit upside potential in 2024, on top of the 20 percent rally seen last year. Global risks such as demand slowdown fears and inflation are not seen weakening Indian markets.

Making sense of Mirae Asset's acquisition of Sharekhan 

The broking industry has got one more serious player with strong backing. Competition in the field will intensify as Mirae Asset aggressively pushes Sharekhan to justify its acquisition and improve its market share 

BNP Paribas sells Indian retail broking arm Sharekhan to Mirae Asset Financial for Rs 3,000 cr

Before acquiring Sharekhan, BNP Paribas had bought a 34 percent stake in Kochi-based Geojit Securities in 2007. Subsequently, in 2018, BNP Paribas sold its 33 percent stake in Geojit Securities to Sharekhan.

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-year rally

”We expect bonds to rally and should see the 10-year benchmark bond yield easing below 7% by end of this year,” Jean-Charles Sambor, head of emerging markets, fixed income at BNP Paribas Asset Management told Reuters.

Global markets brace for ongoing correction amid rising yields and oil prices: BNP Paribas Strategist

BNP Paribas Asia Equity strategist, Manishi Raychaudhuri believes that the equity markets may continue trading sideways for the next three quarters due to the aggressive rate hikes of the federal reserve

BPCL picks I-Sec, HSBC, BNP Paribas & SBI Cap for Rs 18,000 crore rights issue

Budget 2023 had allocated Rs 30,000 crore for capital support to state-run Oil Marketing Companies (OMCs) like BPCL, IOCL and HPCL. On July 7, the board of IOC also approved a capital raise via a rights issue not exceeding Rs 22,000 crores.

Midcaps to lead next leg of market rally: Manishi Raychaudhuri of BNP Paribas

With the investors taking advantage of the large market blocks, an avenue for private equity investors to exit and promoters to realise the value of their investments is formed.

Bajaj Consumer launches 100% Henna product to revive hair care segment

Key downside risks are overreliance on a single brand – ADHO and continuity in inflationary environment. ICICI has also cut earnings estimates of the company by 5 percent for FY24-25.

BNP Paribas remains 'underweight' on FMCG sector. Here's why

Despite the upcoming headwinds for the sector, BNP Paribas is constructive on Britannia Industries, ITC and Emami, as it sees the high-revenue trend returning with improving margin comfort in the FMCG space

BNP Paribas warns equity returns in India could weaken in next 12 months

Indian equity market will be vulnerable going ahead due to accelerated tightening of the US Federal Reserve’s balance sheet and higher global interest rates

Baroda BNP Paribas Mutual Fund mobilises Rs 1,400 crore from flexi-cap scheme NFO

The scheme -- Baroda BNP Paribas Flexi Cap Fund -- is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap companies.

Investors have to brace for more downside in near term: BNP Paribas’ Manishi Raychaudhuri

Manishi Raychaudhuri feels that the market could go as much as 15-20 percent lower based on earnings downgrade

BNP Paribas says Sensex to be at 62,000 by 2022-end despite steep valuation

It can be noted that the issue of valuations has divided the analyst community with some saying there is more room to grow, while others have expressed fears to re-rate Indian equities.

DAILY VOICE | Third Covid wave biggest test for Indian market, says Amit Shah of BNP Paribas

We do not think the domestic economy-related stocks will materially outperform as the second lockdown was very methodical with select sectors like travel, tourism, restaurants, and consumers were severely impacted, says Shah.

DAILY VOICE | Investors need not worry as India is better prepared to handle the second wave: Amit Shah of BNP Paribas

Large-cap companies will likely continue to report these larger transformational deals through the year, resulting in a narrow growth gap between large-caps and mid-caps with regard to growth, says Shah.

Sensex may hit 50,500 in 2021 but the ride can be bumpy, says BNP Paribas

The brokerage firm says the availability of the coronavirus vaccine should push up consumption and investment globally.

DAILY VOICE | Makes sense to book some profit after recent rally: Amit Shah of BNP Paribas

From a near-term perspective, we do believe most of the upside is priced in. Especially because estimates were also conservative for 1Q and 2Q due to the lack of predictability associated with Covid.

Sharekhan enters discount broking with Espresso offering no brokerage on loss-making trades

The basic idea is to help clients succeed by ensuring that they have more money in their hands by not paying brokerage on loss-making intra-day trades, or simply put ’pay-when-you-profit-pricing model’, the brokerage told reporters on a conference call.

Worst is behind us! IT, consumption, private banks likely to act as safe-haven: BNP Paribas

March-21 fair value will be in the range of 9,600–11,100, depending on how far the lockdowns get extended, says BNP Paribas' Amit Shah.