The house is neutral on ITC stock but is very positive on long-term fundamentals of the company. The downside for the stock after the recent correction is very limited, said Amit Sinha of Macquarie Capital Securities.
In the next 12 months, things will look even uglier for banks considering that you will not have topline momentum & they are in the process of kitchen sinking or cleaning up balance sheets, said Suresh Ganapathy Banking, Analyst, Macquarie Capital Securities.
Credit growth for the PSU banks is expected to be weak for the next fiscal year not only because of their limited ability to lend money but also because the capex demand is completely absent, said Suresh Ganapathy, Banking Analyst, Macquarie Cap Sec.
Watch the interview of Tanvee Gupta Jain of Macquarie Capital Securities with Manisha Gupta on CNBC-TV18. She speaks about demonetisation and its effects on various sectors in India.
Speaking to CNBC-TV18 Ananth Narayan of Standard Chartered Bank said that the market will continue to remain in excess liquidity. Lack of credit offtake, economic slowdown in the quarter coupled with surplus deposits in banks will mean a soft corner for bonds, he said.
Investors, Ganapathy said, should look to buy into any correction in housing finance stocks. Large housing finance companies (HFCs) are more favourable in this market, he said, adding that a 5-10 percent estimated correction from the current levels can make it attractive.
Speaking to CNBC-TV18 Tanvee Gupta Jain of Macquarie Capital Securities said that there could be short-term pain in the next couple of quarters owing to a dip in consumer discretionary spends.
In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
Singhal sees significant opportunity for diagnositics players such as Dr Lal Path Labs, Thyrocare and SRL. Organised players are already gaining market share and companies which maintain quality standards will definitely do well, he says.
Of the total 18 observations, 9 from July 2015 and another 9 from March 2016 inspection, the former ones relating to equipment and warehousing have been closed. Nine observations are still outstanding for the company.
Talking about the consolidation in the cement sector, Rakesh Arora of Macquarie Capital Securities says UltraTech's capacity post merger with units of Jaiprakash would be almost 90 MT, which is one-third of India's total capacity and production. Hence, he does not see this deal getting Competition Commission's go-ahead
In the near-term, Suresh Ganapathy of Macquarie Capital Securities does not see any re-rating catalyst. He believes the fundamental value of ICICI Bank is at Rs 240-250 per share.
â€œWe don‘t think there is too much downside for Indian markets from the current level. Nifty staying below 7500 level on a sustainable basis is unlikelyâ€, says Rakesh Arora, India Head of Research, Macquarie Capital Securities.
Inderjeet Singh Bhatia, Macquarie Capital Securities says the firm has reduced the target price by 47 percent to Rs 23 from Rs 43.
Ridham Desai, MD, Morgan Stanley India, says India continues to be the best house in a bad neighbourhood and that there is tremendous appetite to buy India.
Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities is of the view that one may enter Indiabulls Housing Finance on correction.
Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities advises buying Axis Bank.
Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities is of the view that one may prefer ICICI Bank.
Suresh Ganapathy, banking analyst at Macquarie Capital Securities is of the view that YES Bank is the top pick.
Suresh Ganapathy, banking analyst at Macquarie Capital Securities is of the view that one may prefer LIC Housing Finance.
Suresh Ganapathy, banking analyst at Macquarie Capital Securities is of the view that ICICI Bank is a good pick with a long term view.
"Despite being aware of the attrition issue in PSU Banks, the government took so much time. Also, it is being naive in assuming that one person at the top can change the way forward for PSU banks," says says Suresh Ganapathy, banking analyst at Macquarie Capital Securities.
In an interview to CNBC-TV18, Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities spoke about bank related insurance companies, NBFCs as well as the sector in general.
Rakesh Arora, Head of Research - India at Macquarie Capital says that RBI could bite the bullet next quarter and cut interest rates.
Tanvee Gupta Jain of Macquarie Capital Securities says between January to March, CPI may be close to 6.5% range, because of easing of base effect. But it is still better than RBI's first target of 8 percent by January 2015, she adds