"The credit rating upgrade by CRISIL comes soon after similar upgrades by CARE and ICRA," JSPL said in a statement.
Optimism in the segment comes from revival in rural demand and new product launches, which will lead to a significant improvement in operating performance of FMCG companies.
Edelweiss recommended hold rating on CRISIL with a target price of Rs 1825 in its research report dated April 20, 2018.
On shorter time frame, the levels 10,550 levels may act as near term hurdle i.e. 50 percent Retracement level, says Rajesh Agarwal, Head of Research at AUM Capital Markets.
HFCs are being pushed into it because of the higher focus of banks in the overall home loans segment on subdued credit demand from corporates and asset quality pressures
The massive revision of bad loan resolution norms announced on February 12 will lead to a spike in impaired assets in the March 2018 numbers, but will peak by mid 2018-19 and will gradually slide down, Crisil said and described FY19 as a "year of reckoning" for banking system.
The much-awaited policy has received a go-ahead from the Prime Minister's Office, and is awaiting approval from the Goods and Services Tax (GST) Council.
Currently, about 94 percent of the mining is being done by government-owned entities Coal India and Singareni Collieries Company.
Axis Direct is bullish on CRISIL has recommended buy rating on the stock with a target price of Rs 2241 in its research report dated February 21, 2018.
Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.
Crisil, which follows January-December fiscal year, made a net profit of Rs 90.9 crore in the corresponding quarter of 2016.
The changes come in the wake of SEBI guidelines on October 6.
A list of important headlines from across news agencies that could help in your trade today.
"Crisil Research estimates coastal transportation of coal to increase to 63 million tonne per annum (MTPA) by fiscal 2023, from 32 MTPA as of fiscal 2017 as structural bottlenecks ease," it said in a statement.
This strong growth was driven by demand for non-priority sector lending assets and low-base effect of the third quarter of last fiscal, which was affected by the note-ban, says a report by Crisil.
The aggregate topline of companies in key sectors will grow 9 per cent over same period last year on higher realisations in steel, aluminium, cement and crude oil-linked sectors, and a pick-up in consumption-driven sectors such as auto and aviation, its research wing said.
Private consumption will grow 6.3 percent in FY18, over a high base of an 8.7 percent growth in FY17, and will remain the biggest contributor to GDP at 55.7 per cent, the report said.
The Crisil FPI index would serve as a benchmark for the performance of FPI investments in government securities, and 'AAA', as well as 'AA', rated corporate bonds with a residual maturity greater than three years.
“Revenue of domestic pharma companies is seen growing at 9 per cent per annum over the next three fiscal years ending 2020. Exports, which account for nearly 45 per cent of industry revenue, will see another year of a tepid one per cent growth in fiscal 2018, but recovering thereafter,” Crisil said in a note today.
There are wide divergences in state-level performance as they are getting exposed to increasing competition, said the report titled 'States of Growth' by ratings firm Crisil.
The index will indicate the current state and expected outlook on the MSME sector every quarter
It further predicted that power, transport and urban sectors will account for 78 percent of the overall infrastructure spending. The report pointed out that in fiscals 2016 and 2017, higher central government spending partially offset a steep decline in private investments and deterioration in state government finances.
Barring the stressed assets, the rating agency expects the corporate credit quality to continue recovering, driven by further improvement in balance sheets.
CRISIL has come out with its report on JM Financial. The research firm has assigned a fair value of Rs 150 per share. However, retained fundamental grade of 4/5 to the company.
CRISIL has come out with its report on Astra Microwave. The research firm has assigned a fair value of Rs 143 per share. However, retained fundamental grade of 4/5 to the company.