HSBC analysts revisited service centres after a month to find notable improvements, highlighted need for further enhancement
The upside is from the fair value of the stock, measured by the average of price targets for the counter
CarTrade Tech is a player in classifieds & auction and remarketing for used vehicles and operates portals CarWale, CarTrade and BikeWale
Morgan Stanley has upgraded target price to Rs 3,253 a share and reiterated its overweight rating
After a 14 percent rally, most experts feel that valuations still remain high buy it is a good buy on dips stocks for the long term.
Brokerage revises target price, which implies 13 percent downside; does not see merger with any state-owned companies.
Strong client base, niche focus could help the company post better earnings, feels CLSA. It expects L&T Tech to clock revenues of USD 1 billion in five years and is upbeat on the company‘s long-term prospects.
Broking firm CLSA maintains a buy call on banking and financial services company HDFC on account of a potential uptick in growth coupled with healthy return on equity. CLSA has a target price of Rs 1,650 on the stock.
The brokerage has increased RIL's target price to Rs 1,270 per share post the third quarter earnings.
Vikash Mantri, Media Analyst at ICICI Securities credits 9 percent of the ad revenue growth to the launch of its new channel — &TV — and the rest to its market share in other regional broadcasting channels.
The company's operating margins disappointed due to its aluminum business.
India‘s third largest software services exporter Wipro missed street expectations on IT services revenues front that declined 1.2 percent sequentially to USD 1.77 billion in the quarter ended March 2015.
The brokerage firm believes the company has shown improvement in loan growth as well as asset quality and has raised its target price on the same from Rs 436.50 to Rs 570.
Credit Suisse has downgraded the stock due to a significant fall in liquefied natural gas (LNG) demand and deterioration in its gas trading business.
In a report on the listed universe of Internet companies in India, brokerage firm Citi has come out with a report saying it is bullish on Info Edge, which runs job portal Naukri.com and US-listed travel portal MakeMyTrip but it has a sell rating on local search engine Just Dial.
Gopi Suvanam, founder, Investworks is more bullish on four-wheelers than two-wheelers as he expects people to purchase more cars now.
As brokerages slash their target prices after the management said growth in fourth quarter would be at the lower end of its forecast, it is an indication that the optimism was getting ahead of itself.
Brokerages recommend buying Sun Pharma and being short on JSW Steel.
The capital goods' major, Larsen and Toubro has delivered better-than-expected Q2 earnings, given the current economic situation, says Lokesh Garg, associate director, Kotak Instituitional Equities.
ICICI Direct suggests buying Cairn India, while Karvy has a short call on PNB.
While the stock valuations still remain supportive, multiples could be under pressure in the near to medium-term, driven by uncertainty around remediation timelines and future approvals, Macquarie says.
IndusInd would need to reduce cost of funds materially to maintain margins at current levels, which might be a slower exercise than the Street is factoring, given the unfavorable economic climate, the Kotak note said.
On the back of better than expected results from HUL on most fronts, Sanjay Manyal Of ICICI Direct says, they would be looking at upping their target price on the stock after going through the finer details.
Sanjeev Zarbade of Kotak Securities considers, in an interview to CNBC-TV18, BHEL's earnings to be below positive and highlights the increase in intake of orders and industry scenario as crucial factors. Meanwhile, Rabindranath Nayak of SBICAPS Securities foresees an improvement in the execution of projects that will smoothen the PSU's turnover
JP Morgan has raised its target price on Infosys to Rs 3,200 from Rs 3,100, maintaining an "overweight" rating, saying the software services exporter is likely "turning the corner" in an improving demand environment.