co-presented by
co-presented by
Brokerage firm Macquarie Research has downgraded its rating on Eicher Motors to neutral and cut its target price to Rs 3258 a share, according to CNBC TV. Despite this downgrade, the stock was up 1.4 percent to Rs 3095 a share.
Inderjeet Bhatia of Macquarie Research also feels that the market could look for earnings growth and implementation of reforms coming through, which could be a downside risk
Inderjeet Bhatia, Head of Research, Macquarie Research said there is a general expectation, both from the corpoates and investors that the third quarter will be a washout quarter because of the demonetisation move.
The government Wednesday authorised NHAI to pay compensation to road developers, in case of delays not attributable to them, a move that will significantly benefit 34 stuck projects.
As the Narendra Modi government nears completion of its 100 days in power, experts queue up to analyse its performance over the past 3 months or so.
Adobe Systems Inc , maker of Photoshop and Acrobat software, reported quarterly results that beat analysts' average estimates as revenue from subscriptions more than doubled, sending its shares up 7 percent in extended trade.
Shares of Facebook Inc recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street's initial alarm over mobile revenue results and spending plans subsided.
Head of financial research at Macquarie Research, Suresh Ganapathy told CNBC-TV18 that the rate of accretion of non-performing loans (NPLs) at margins could see a slowdown. He feels that SBI should raise capital in FY12 or at the beginning of FY13; otherwise, they will have issue to grow their book.
State Bank of India's Q4 net profit tumbled nearly 99% year-on-year to Rs 21 crore. In an interview with CNBC-TV18, Suresh Ganapathy, Banking Analyst, Macquarie Research says, asset quality has deteriorated a bit this quarter and that is the reason provisioning has gone up. “Numbers have really disappointed even on the operational front,” he adds.
In an exclusive interview with CNBC TV-18's Udayan Mukherjee and Mitali Mukherjee, Abhishek Singhal of Macquarie, said that Glenmark would be his top pick in the Indian pharma space since sentiment is positive for the pharma firm after its pact with pharma major Sanofi.
