Though a bit cautious, most analysts are bullish on the stock but concerns over rural demand and monsoon still persist.
According to a report by the SBI's Economic Research Department, the aggregate debt to aggregate net worth of top 10 companies under study is "below 2x" which is well within the norms.
Goldman Sachs estimates Just Dial's two-year revenue and earnings per share (EPS) CAGR of 16 percent and 5 percent respectively. It adds that the company will find it difficult to deliver 6 percent compounded quarterly growth rate (CQGR) in FY17.
However, higher competition in Taro's products, re-inspection of Halol resulting in more observations which could delay earnings recovery from the Halol plant may pose threat to the company.
The settlement yesterday followed a federal judge's ruling in March, admitting the class action lawsuit brought by investors and pension funds against the banks.
The tech giant was "the biggest wealth destroyer" for market participants during the month, according to Openfolio, a social networking platform that compares more than 65,000 shared portfolios within its community.
Credit Suisse expects EBITDA CAGR of 22 percent in FY16-18 which is expected to turn balance sheet into net cash by FY19. According to the brokerage firm continued faster approvals will drive its strong US growth. US accounts for 80 percent of Aurobindo's profits. It expects strong US sales CAGR of 20 percent over the next two years.
The report by the Swiss brokerage Credit Suisse further says that market leader MotoCorp will have the lowest volume growth while TVS will have maximum earnings disappointment due it its stretched valuations.
Credit Suisse feels that maintaining pace of paid listing growth, particularly outside the top-ten cities, and competition from vertical players and others are challenges for Just Dial.
The correction in MS Asia Ex-Japan and the current rally in MS Asia Ex-Japan are two reasons why investors should sell in May, says Sakthi Siva of Credit Suisse.
Credit Suisse has initiated coverage on TVS Motor with an underperform rating. The brokerage firm has a target of Rs 260 per share, indicating 20 percent downside. It believes that street expectations of a 300 basis points margin improvement over the next two years are unlikely to be met.
Morgan Stanley has downgraded the stock to underweight from equal-weight with a trimmed target of Rs 516 per share. It believes that Q1F17 guidance does not suggest any meaningful acceleration in core organic business and EBIT margin may face pressure.
The new rule on provisioning is expected to boost fourth quarter earnings of non-performing asset (NPA) saddled banks. Credit Suisse sees some relief for corporate lenders because of the stabilsing of the steel cycle.
"We cut underweight on financials and flip to overweight on metals, funding it from low-growth sectors such as IT and utilities. We maintain overweight on HUL, BPCL, Maruti, and HDFC & underweight on SBI & Bharti Airtel," Neelkanth Mishra of Credit Suisse says.
Credit Suisse feels the stock may touch Rs 1450 per share stating it will remain a solid defensive stock for the time being.
Analysts feel that Tata Steel‘s sale of the loss-making Scunthorpe plant in UK is positive though the fact that the plant was sold for just a nominal value and without transfer of pension liabilities dilutes benefits.
According to Credit Suisse Emerging Consumer Scorecard 2016, India topped the chart, while China and Saudi Arabia shared the second position.
Emami plans to refresh many of its existing brands in the Navratna and Zandu portfolio by upgrading packaging/quality, which will be the key volume drivers in FY17 as per the company, says the brokerage.
Credit Suisse continues to be long on Indian IT and has a constructive view on the US economy, says Sakthi Siva of Credit Suisse.
On the sidelines of the Credit Suisse Asia Investment Conference, Santitarn Sathirathai told CNBC-TV18 that RBI intends to balance rate cut in order to boost growth and with some lag time this will improve real economy.
Current global markets are driven largely by rate hike by the Federal Reserve, China‘s economy and global growth concerns, says Michael Strobaek, Global CIO & Head - Asset Management at Credit Suisse.
Credit Suisse said management expressed confidence of sustaining around 50 percent loan growth over a 2-3 years time frame, compared to 93 percent growth currently and also expressed confidence of continued fall in funding costs.
Neelkanth Mishra does not expect any meaningful improvement in aggregate March quarter earnings since banks' financial performance will be under pressure because of asset quality issues.
On the sidelines of Credit Suisse Asia Conference, Helman Sitohang told CNBC-TV18 that Asia is still growing much faster than the rest of the world and is likely to grow 5-5.50 percent this year.
Their comments came a day after a leak of four decades of documents from a Panamanian law firm that specialises in setting up offshore companies showed widespread use of those instruments by global banks on behalf of their clients and triggered a raft of government investigations across the world.