Consolidated revenue from operations stood at Rs 2,571.89 crore during the quarter under review as against Rs 2,210.47 crore in the same period a year ago
Most global brokerage firms maintained their rating on RIL post the AGM. The most aggressive target price was put out by Nomura of Rs 1600 which translates into a rise of nearly 38%.
Most brokerage firms have maintained their rating on HDFC after it posted its Q4 numbers
The brokerage also announced a double-downgrade of the Yes Bank stock to 'underperform' and also massively slashed the stock price a low Rs 165 over the next 12 months, as against Friday's close of Rs 237.40.
Experts are still bullish on ITC and one big reason as highlighted is valuations which are fairly attractive when compared to other large FMCG peers. Also, stable tax policy for cigarettes hereon should act as a tailwind
Macquarie upgraded Asian Paints to outperform rating post December quarter results and also raised its 12-month target price to Rs 1580 from Rs 1180 earlier.
The report quoted a Macquarie sales note by a trader on the company raised concerns over inadequate disclosures about the company's links with banned traders Ketan Parekh and Dharmesh Doshi
A total of Rs 35,828 crore will be infused into nine banks that haven't triggered prompt corrective action (PCA), including State Bank of India (SBI), Punjab National Bank and Bank of Baroda, among others, while Rs 52,311 crore will be pumped into 11 banks that have triggered PCA, including IDBI, Central Bank of India, and UCO Bank.
Most global brokerage firms maintain their positive stance on Maruti and raised their 12-month target price closer to 10,000.
Macquarie has maintained an underperform rating on liquor major United Spirits but has raised its target price to Rs 1933 per share and expects CAGR of 7 percent over next 3 years.
Macquarie, which maintains most aggressive 12-month target price of Rs 1,100 on CESC sees sharp re-rating in the stock price due to restructuring exercise.
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
From Godrej Industries to VRL Logistics, a look at stocks that are set to reap in benefits from the unified tax regime.
Macquarie Securities’ Sandeep Bhatia feels one large cap stock to benefit from GST and stable taxation could be ITC. Meanwhile, Asian Paints, Voltas and Crompton Greaves Electricals could be looked at.
On Tuesday, the stock of the companies above shot of 6 percent in the intraday trades amid expectations of a big buyout or merger announcement likely as billionaire Uday Kotak, promoter, Vice Chairman and Managing Director of Kotak Mahindra Bank will address the media at 3.30 pm on Wednesday.
The Economic Survey of this year recommended a ‘bad bank’ to kickstart the resolution of non-performing loans in the banking industry. However, this is not a definite solution for the system, believes Suresh Ganpathy of Macquarie Capital Securities India.
CLSA says Mohali plant clearance is a significant positive development for the company and shows progress on regulatory issues. Clearance makes a large oral solid dosage site available to de-risk existing sites.
Macquarie also believes acquisition enhances the return on assets (RoA) profile of the bank and thus is a medium-term positive if executed well. However, this time, given the size of the book and signs of stress in the micro finance institution segment, execution remains key, the brokerage house says.
JPMorgan has overweight rating on L&T, with a target price at Rs 1,670 as the brokerage house is optimistic about a pick-up in execution in the near-term.
With maintaining underperform rating on Bharti Airtel and unchanged target price at Rs 295, Credit Suisse 'tit-for-tat' aggression from Bharti is a departure from its historical passive response to competition.
With maintaining hold rating on Havells with a target price of Rs 374, Deutsche Bank says Lloyd division acquisition can complement AC and consumer durables portfolio.
While analysts are comfortably placed with the deal‘s pricing, they have highlighted some challenges such as hit in EBITDA margins, lack of synergies, among others, for Havells that will emerge from this deal.
Goldman Sachs says Kotak Mahindra Bank may outperform on improving growth prospects & top quartile EPS growth. Lending book is likely to grow at 25 percent hereon, it feels.
CLSA says if Kotak Mahindra Bank and Axis Bank merged then the merged entity would be among the largest private banks and the merger would allow banks to capitalise on individual strengths.