CLSA believes RoE enhancement is a key focus as the management of the company reiterated its medium-term 18 percent consolidated RoE target.
CLSA has highlighted that the company has emerged as the second preferred bidder for 810MW of Solar Energy Corporation of India's (SECI) 2.5GW wind tender.
The company's consolidated net profit came at Rs 63.98 crore for the June quarter of FY21, down 63.87 percent from Rs 177.09 crore in the corresponding quarter of the previous financial year.
The pharma index valuation is trading at a discount to the broad index for the first time in five years.
Most of the global brokerage firms which came out with recommendations maintained their rating on Axis Bank while JP Morgan raised its target price to Rs 790 from Rs 770 earlier.
Citigroup and CLSA have the most aggressive target price of over Rs 2,000 on ACC Ltd. Citigroup slashed the target price to Rs 2,150 from Rs 2,175 earlier.
Asset quality has worsened in the September quarter, but experts feel that valuation is attractive at 2.1x FY21 adjusted price-to-book.
The healthcare major's June quarter earnings beat analyst expectations on all parameters, with profit growing more than 31 percent on growth in India and US businesses.
Most global brokerage firms maintained their rating on RIL post the AGM. The most aggressive target price was put out by Nomura of Rs 1600 which translates into a rise of nearly 38%.
CLSA maintained its sell rating on Tata Steel, but slashed its target price to Rs 320 from Rs 395 earlier.
Brokerage firms are of the view that the results are a mixed bag, but the stock is a good proxy to play the domestic growth story
Reacting to the results, Credit Suisse maintained its neutral rating but slashed target price to Rs 2,000 from Rs 2,130 earlier
Lower-than-expected tariff hike forced CLSA to downgrade its rating on the stock to underperform from buy earlier and slashed its target price to Rs 365 from Rs 420 earlier
Most brokerage firms have maintained their rating on HDFC after it posted its Q4 numbers
The uptick in premium growth & rebound in persistency ratio, as well as attractive valuation, compared to its peer HDFC Life, make analysts bullish on the stock.
Most global brokerage firms see another rate cut by the central bank but at the same time suggested investors remain cautious as transmission of rates will be the key.
Macquarie upgraded Asian Paints to outperform rating post December quarter results and also raised its 12-month target price to Rs 1580 from Rs 1180 earlier.
Credit Suisse maintained its underperform rating on Lupin with a target price of Rs 800 while CLSA maintained its sell rating on Ashok Leyland and slashed its target price to Rs 75 from Rs 85 earlier.
Nomura maintained its buy rating on RIL post Q3 results with a target price of Rs 1480 while CLSA maintained its buy rating on HDFC Bank Ltd post Q3 results and also raised its 12-month target price to Rs 2730.
CLSA recommends public sector units (PSUs) since they offer attractive risk-reward
Zee Entertainment enjoys the top spot in most of the brokerage house portfolios. CLSA, which has the most aggressive target of Rs 670, sees an upside of over 40% in stock
CLSA retained its buy rating on ICICI Securities but slashed its 12-month target price to TRs 360 from Rs 380 earlier. The December quarter results were short of expectations.
On the downside, index has support at 10,800-10,777. Till it holds above 10,777 zones, overall bias could remain positive to range bound, said an expert
Morgan Stanley continues to back growth at a reasonable price and believes the way to construct portfolio is to buy stocks of companies with the highest delta in return on capital
Global investment banks such as Nomura, Deutsche Bank and CLSA feel that the exit polls might have got BJP thinking on its strategy but the final outcome will be very different.