Roughly half of 19 analysts and money managers polled say they expect the index to stay in the 35,000-40,000 range in fiscal year 2018-19.
Polling began at 8 AM, with people arriving to exercise their franchise across booths in North Chennai, braving the misty conditions. DMK candidate N Marudhu Ganesh was among the early voters.
The research firm has highlighted the company’s growing market share, advantage in home textiles and 15 percent revenue growth in FY19 as few of the reasons behind the call.
The EPFO has said that the requirement for providing Aadhaar details in EPS cases will be limited to claiming monthly pension dues only.
There is certainly pressure on IT companies to do their investors a good turn. But the question one needs to ask is whether share buybacks really help the company perform better in the long-term. The answer is a clear no.
The purchase of PKC Group for USD 609 million will be debt free and 380 million euros from QIP will be used for the acquisition. Also, no debt will be raised, said Motherson Chairman Vivek Chaand Sehgal.
According to Deutsche Bank's India Equity Strategy Report, 2017 is expected to be a year of uncertainty and the market is likely to be volatile and uncertain in the first half and recover in the second half.
In an interview to CNBC-TV18, Sandeep S Shenoy of Pioneer Investcorp shared his readings and outlook on specific stocks and sectors.
The company is now increasing focus more on business to consumer (B2C) sales, says Makrand Appalwar, CMD of Emmbi Industries.
In an interview to CNBC-TV18, Manish Kiri, MD of Kiri Industries said that the company expect revenue of Rs 1,100-1,200 crore by year end.
Abneesh Roy, Associate Director at Edelweiss says Sun TV is gaining share in the Telugu market. Also, demonetisation impact on southern states is expected to be lesser, which will be an advantage for Sun.
Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
The burden on Ashok Leyalnd's EPS and valuation will be felt by the minor investors post this merger as short term gains are nowhere to be seen.
Speaking to CNBC-TV18 Rakesh Arora, an Independent Analyst, said that it is a long-term positive for Vedanta. "They have a chance to rectify the balance sheet." Public shareholders of Cairn India have voted overwhelmingly in favour of the deal with Vedanta.
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The domestic market will continue to move up as long as international markets remain stable. The recent liquidity rush will continue into emerging markets, says Ajay Srivastava, CEO of Dimensions Consulting.
Indian markets have rallied 20 percent from their February lows amid hopes that a firm earnings recovery is finally under way following two years of flat profit growth.
Earnings of Sensex companies are expected to drop 2 per cent led by telecom, energy, automobile and banking sectors, during the first quarter of 2016-17 over the same period a year-ago, says a report.
Bharti‘s India revenue market share may be largely flat for the next four years, despite the Jio entry. BoA ML projects a FY16-19 earnings per share (EPS) CAGR of 20 percent, led by steady EBITDA growth/deleveraging.
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.
JP Morgan has an overweight rating on the stock with a target of Rs 925 per share stating that valuations are still reasonable despite the stock being up 25 percent year-to-date.
Corporate earnings are expected to grow by about 25 per cent in 2016-17, on likelihood of good monsoon, monetary easing as well as recovery in commodity prices, says a report.
Just ahead of the Union Budget, with the market trading close to 23,000 levels and a lot of pessimism building in, Manishi Raychaudhuri of BNP Paribas told CNBC-TV18 he expects the benchmark to reach 29,000 by December this year.
UltraTech will work to improve JPA's operational efficiency by over 50 percent in a year's time after the deal is consummated, says Atul Daga, CFO of the company.