Espirito Santo

The Union Cabinet has approved the Insurance Amendment Bill and it is likely to sail through Parliament this session. In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Espirito Santo, discusses the impact of the move on insurance stocks.

Buy Sesa Sterlite, says Ritesh Shah

Ritesh Shah of Espirito Santo is of the view that one may buy Sesa Sterlite.

Goa govt pro-active on mining; buy Sesa Sterlite: Espirito

Ritesh Shah of Espirito Santo believes the Goa government has been rather pro-active on mining, considering it has already collected stamp duty for 27 leases. "It is a positive thing and it is already there in the price."

TCS has no room for error; maintain neutral: Espirito

In its latest report, Espirito Santo said that though TCS‘ margins are currently close to all-time highs, yet they believe that it is driven more by scale benefits, which is significantly larger than peers.

Price cuts may hurt USL's operating margins: Espirito Santo

Espirito Santo has a fair value for USL stock at Rs 1500 and does not think there will be any material change in their estimates because of the price cuts.

Buy Jubilant Foodworks on dips: Nitin Mathur

Nitin Mathur of Espirito Santo is of the view that one may buy Jubilant Foodworks on dips.

Espirito Santo cuts MphasiS to 'neutral' from 'buy'

Espiritio Santo has downgraded MphasiS to "neutral" from "buy". It says non-HP or direct channel business growing faster now is a positive development, but valuations cap further upside.

Manappuram Q4 loss seen Rs 50 cr on Rs 250 cr loan default

Gold loan firm Manappuram Finance may report a loss of Rs 50 crore in the current quarter as it may not be able to recover Rs 250 crore of loans given to customer due to a decline in gold prices, Managing Director I Unnikrishnan said in an interview to CNBC-TV18.

Capital goods are falling knives; sell BHEL, BGR: Espirito

Brokerage house Espirito Santo feels buying capital goods at these prices is like catching a ‘falling knife‘, as there is no visible sign of improvement in order flows.

4 reasons why Espirito thinks Crompton Greaves is a sell

Broking firm Espirito Santo has downgraded rating on capital goods player Crompton Greaves from neutral to Sell.

Hexaware drops 3.7% on Macquarie, Nomura downgrade

Software services provider Hexaware Technologies fell as much as 3.7 percent to touch an intraday low of Rs 90.50 on Tuesday as the foreign research firms downgraded the stock after the company cut revenue guidance.

Sell Hexaware as revenue, margins under pressure: Espirito

"That's the way the cookie crumbles," writes Espirito Santo on Hexaware Technologies. The Portugese investment bank on Tuesday urged investors "sell" the software services provider's shares, saying it was worried about further margin pressure.

Worst over for Manappuram, may get re-rated: Espirito

Brokerage house Espirito Santo feels the worst may be behind for Manappuram Finance, and clarity on rules for gold loan firms could be the re-rating trigger. The stock, which had crashed to a low of Rs 18.60 in May this year, has doubled since then and is currently trading around Rs 36.

Surge in L&T Fin Holdings not sustainable: Espirito Santo

Brokerage house Espirito Santo is doubtful if the recent surge in L&T Finance Holdings stock can sustain in the absence of any convincing trigger.

Worst may be over for broking firms, says Espirito Santo

Battered shares of brokerage firms appear to have found a supporter in Espirito Santo, another broking company. In their report on the sector, Espirito analysts Santosh Singh and Nidhesh Jain have said that the worst may be over for the broking sector, and that current valuations of the stocks reflect too much bearishness.

India Inc, brokerages on accounting war

The last two months have seen a few blue chip companies go head to head with influential brokerages over accounting policies. Brokerages are increasingly seeking more transparency and disclosure from corporates raising doubts over what they see as aggressive accounting practices, reports CNBC-TV18's Sajeet Manghat and Animesh Das.

Sell ITC, says Nitin Mathur

Nitin Mathur, Consumer Research Analyst, Espirito Santo advice traders to sell ITC as it may slip to Rs 200.

Espirito Santo flags volume growth concerns at ITC

Since the Union Budget announced in March this year, ITC has raised cigarette prices by weighted average of 12%. Investment bank Espirito Santo feels, while this will help offset the excise duty hike, it could hurt India's largest cigarette maker's volumes by at least 5%.

Espirito Santo questions Biocon's accounting practices

Espirito Santo has downgraded Bangalore-based Biocon to "sell" from "neutral" and sharply revised its target price to Rs 186 a share from Rs 350, flagging off several issues, which it says raise accounting and corporate governance questions over at the biotech firm.

Educomp funding from banks under strain, says Espirito

Educomp has been under attack for the last two-and-a-half years from bears who have repeatedly questioned the company‘s corporate governance standards, accounting practices and business model. A report by brokerage firm Espirito Santo on Friday raised all those issues afresh, and assigned a fair value of Rs 110 to the stock.

Prefer HUL over ITC: Espirito Santo

Hindustan Unilever's (HUL) fourth quarter net profit rose better-than-expected. Nitin Mathur, Espirito Santo says, the result is very good. He has a 'buy' rating on Hindustan Unilever. "I prefer it over ITC where I have a 'sell' rating. So, I continue to maintain a long-term 'buy' rating on Hindustan Unilever," he adds.

Draft MFI Bill materially positive for SKS: Espirito Santo

Santosh Singh, Analyst at Espirito Santo, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, gave his analysis on SKS Microfinance as a stock and what all can prove to be positive for the stock.

SKS has factored in worst; only upward risk left

Santosh Singh of Espirito Santo goes bullish on SKS Microfinance with a target price of Rs 370 based on FY13 book value. This is after factoring in the write-off of the Andhra book.