The asset class that one is seeing benefit from the savings story is equity investments, said Richard Kersley of Credit Suisse.
The investment bank has released its latest version of a Emerging Consumer Survey that interviewed more than 14,000 respondents across eight emerging economies including India, China and Indonesia. The survey assesses the overall mood of consumers in those markets and looks at their spending patterns, savings behavior and brand preferences among others.
Higher interest rates stateside could trigger capital outflows from emerging economies as investors search for better yields in the U.S.
The Feb 12 circular from RBI will accelerate the NPA process and will lead to a faster recognition of pain in the books, said Ashish Gupta of Credit Suisse.
The brokerage warned that state-run banks, which are typically the largest investors in sovereign securities, could lose more than 200 billion rupees ($3.1 billion) in the January-March quarter, due to a continued spike in bond yields and as they held more bonds than are required by the regulator.
The firm expects the company to get clearance for the Halol plant in the next 4-6 months adding that the US FDA observations are not very serious. It is of the view that observations 2 and 3 are procedural in nature while observation 1 relates to aseptic processing of drug products.
Investors should use dips to buy into quality stocks, especially low PE stocks which could act as a shield against market volatility.
A total of Rs 35,828 crore will be infused into nine banks that haven't triggered prompt corrective action (PCA), including State Bank of India (SBI), Punjab National Bank and Bank of Baroda, among others, while Rs 52,311 crore will be pumped into 11 banks that have triggered PCA, including IDBI, Central Bank of India, and UCO Bank.
Citi has a buy rating on Edelweiss Financial Services with a target of Rs 350 while Credit Suisse has maintained an outperform rating on the stock and has raised the target to Rs 340.
Amid high valuations and a volatile macro environment, Credit Suisse recommends investors to focus on long-term structural themes that have been shaping up in India.
As the 2019 general elections get closer, state elections are likely to get more market attention, believes Neelkanth Mishra of Credit Suisse.
The number of ultra rich in the country is expected to rech 3,72,000 while the total household income is likely to grow by 7.5 per cent annually to touch USD 7.1 trillion by 2022, the report said.
Most global brokerage firms maintain their positive stance on Maruti and raised their 12-month target price closer to 10,000.
As per the Credit Suisse Research Institute's (CSRI) latest "CS Family 1000" report, with an average market capitalisation of USD 6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap.
Credit Suisse believes that there could be spectrum purchase opportunities for Bharti Airtel which may not come in cheap. It is of the view that Q3FY18 will see the impact from drop in termination rate.
The Reserve Bank of India's (RBI) monetary policy committee is set to announce its decision later today. A CNBC-TV18 poll shows that the RBI may hold the repo rate at 6 percent. In an interview to CNBC-TV18, Deepali Bhargava, Economist at Credit Suisse spoke at length about the same.
In an interview to CNBC-TV18, Deepali Bhargava, Economist at Credit Suisse and Vivek Rajpal, Rates Strategist at Nomura India shared their reading and outlook about the same.
Research firm Motilal Oswal has a buy on Bajaj Auto with 13 percent upside whereas Credit Suisse has a neutral rating on the stock after Bajaj Auto announced its partnership with UK's Triumph Motorcycles.
Global broking firm CLSA has a sell on Colgate with a target price of Rs 1000 and Credit Suisse is neutral on the stock while Nomura has a buy and has kept a target of Rs 1260.
Credit Suisse has maintained an outperform rating on on Jubilant Foodworks with a 14 percent upside. GST is a very large tailwind for the QSR industry which has opaque pricing which will help the company have a kitty of 550 bp which can be invested to further accelerate growth or retain it partially to drive margins.
With the theme being the best return on equity fundamentals in six years with Asia Pacific ex-Japan return on equity rising from a low of 10 percent to 10.6 percent, continue to suggest buying the dips, she feels.
Citi and Credit Suisse has maintained a neutral rating on Maruti Suzuki with target price of 6,500 and Rs 6,800 respectively while on the other hand, Morgan Stanley and JP Morgan has an overweight rating on the stock with target price of Rs 8,784 and Rs 8,100 respectively.
The research firm believes that competitive intensity in hybrid contracts has remained modest with a limited set of contractors and has an outperform rating on Dilip Buildcon and Sadbhav Engineering.
Neelkanth Mishra of Credit Suisse says low inflation supports overweight call on beneficiaries of lower interest rates like mortgage providers and metals.
A spokeswoman said on Tuesday the current contracts and salaries of the affected staff would be honoured for the next 12 months, and the positions would be kept in Zurich.