Re Rating

IndusInd Bank started this fiscal year on a strong note with robust growth in advances, stable interest margin, steady core fees, and comforting asset quality with slippages largely from the restructured book. With the stock underperforming Nifty as well as Bank Nifty in the past three months, and trading at a reasonable valuation, MC Pro sees scope for further re-rating. Here's why.

Deep correction near term unlikely; buy on dips: Madhu Kela

Concerns about a rate hike by the US Federal Reserve, and slower than anticipated recovery in the economy as well as corporate earnings have been keeping investors edgy over the last couple of weeks

Credit Suisse retains outperform on Wipro, says growth key

While management outlook has been reasonably confident for a while but has not translated into any significant pickups in growth yet, we note that there has been a small acceleration in recent quarters and any significant pickup can also result in re-rating.

India story looks extremely compelling amongst EMs: UBS

UBS is confident of interest rates coming down by 200 bps in the next 18 months. Furthermore, any positive action from the government will lead to additional re-rating, says company Head of India Equities Anant Shirgaonkar.

Goldman cuts Punjab National Bank to 'neutral'

Owing to the weak economic environment and high stress levels at the lender, this decision was taken by Goldman Sachs.