May 31, 2016 11:02 AM IST
With maintaining buy rating and target price of Rs 545 (implying 30 percent potential upside), CLSA says the stage is now set for a strong FY17 in both JLR/India and it believes more positive surprises on volumes and margins are possible.
- May 30, 2016 06:00 PM IST
Goldman Sachs says that the Rs 3230 crore additional sales from price hike is lower than what will be needed to offset effect of five yearly wage negotiations due in FY17.
- May 30, 2016 12:00 PM IST
On the positive side, the company‘s share of online orders as a percentage of total orders has risen to 41 percent in the March quarter compared to 29 percent in the September quarter
- May 27, 2016 02:15 PM IST
CLSA also has a buy rating on Power Grid with a target price of 185 implying a 23 percent upside. It expects a strong earnings per share (EPS) CAGR of 16 percent over FY16-18.
- May 27, 2016 01:50 PM IST
The transaction, announced in March, marks the exit of another foreign fund house from the over Rs 13 lakh crore domestic mutual fund industry. In the past few years, a number of other global players have exited the Indian MF business.
- May 24, 2016 04:49 PM IST
While Dish TV's earnings were largely above the general street expectations, EBITDA growth missed estimates of most of the brokerage firms. However, these research bodies are largely positive on Dish TV stock in the long-term, considering the key management takeaways.
- May 23, 2016 11:33 AM IST
With retaining outperform rating, Credit Suisse increased target price to Rs 385 from Rs 370, saying the company recorded strongest EBITDA growth in 7 quarters and cigarette business performance was the best in 11 quarters
- May 18, 2016 12:01 PM IST
Brokerages, which see the merger a positive development, said employee integration and their costs will be key to watch out for when the merger takes place. According to them, the merger is long-term positive for the bank but financially, it may be negative in the near-term due to higher retirement costs.
- May 05, 2016 12:58 PM IST
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.
- May 04, 2016 01:22 PM IST
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.
- Apr 28, 2016 04:17 PM IST
India should continue to benefit from the ongoing reform agenda. It still has very attractive characteristics and unlike many of the other Asian countries the levels of household leverage is quite low. The problem is that valuations are expensive. Upside is minimal, if at all, at current levels.
- Apr 28, 2016 12:08 PM IST
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.
- Apr 28, 2016 09:40 AM IST
On India, Garg says a good strategy would be to focus on companies which stand to gain from domestic opportunities as India's economic cycle is turning for the better.
- Apr 28, 2016 08:39 AM IST
While the February Budget has been received well, India's corporate earnings haven't panned out well, says Ian Hui, Global Market Strategist, JP Morgan Asset Management.
- Apr 20, 2016 01:35 PM IST
The kingdom had initally been seeking to raise between USD 6 billion and USD 8 billion through a loan lasting for five years for its first foreign borrowing in more than a decade. But the Ministry of Finance raised the amount after drawing significant demand.
- Apr 18, 2016 11:10 AM IST
Toyota Motor Corp says it has stopped production at a factory in Kyushu, where the quakes struck late Thursday and early Saturday, killing at least 42 people and leaving nearly 1,100 people injured.
- Apr 12, 2016 12:52 PM IST
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.
- Apr 06, 2016 10:00 PM IST
Adrian Mowat, Chief EM & Asian Equity Strategist, JPMorgan Chase, says if you look at some of the early indicators for corporate capex, such as truck sales, they are now turning around and looking very encouraging. However, data aggregator CMIE cautions that all is not well with the Indian business environment.
- Mar 16, 2016 04:30 PM IST
Considering the pressure from both existing and incremental non-performing loans (NPLs), the industry's earnings estimate has been pared by over 20 percent, the JP Morgan note says adding, "Slow growth and high real rates should continue to be an overhang."
- Mar 15, 2016 12:32 PM IST
With food inflation contracting nearly 500 bps over last one year, Chinoy says there is growing conviction that some structural fixes have played out well.
- Mar 04, 2016 11:01 AM IST
Valuation of Indian equities have corrected and settled a little below 10-year mean levels of 15 times forward earnings -- something that makes stocks reasonable, if not cheap, says Bharat Iyer, MD, Head of Equity Research, JPMorgan India.
- Feb 15, 2016 01:58 PM IST
Under the norms, mutual fund (MF) houses will not be able to invest more than 10 percent of a scheme's corpus in debt securities of a single company.
- Feb 05, 2016 05:50 PM IST
The Chennai floods have impacted more than 80,000 vehicles with nearly 20,000 vehicles being declared “beyond repair” and in urgent ...
- Feb 04, 2016 01:28 PM IST
Dish TV's net subscription additions of 0.32 million were the lowest in six quarters whereas DTH/cable competitors saw acceleration in subscriber additions in third quarter. However, the management continues to guide 1.5 million net subcription additions for FY16.
- Feb 03, 2016 02:00 PM IST