CLSA sees Bajaj‘s 2W export and 3W (three-wheeler) growth moderating in FY16 on the high base of FY15. Improving product mix and a weakening rupee should drive higher margins though, the brokerage said
Bond yields are also set to rise as the Federal Reserve is expected to begin tapering its purchases of assets as growth improves, another factor typically heralding underperformance by US stocks, Credit Suisse says.
Three brokerage firms have given their contrarian views on Dish TV that announced disappointing Q1 numbers.
Emerging markets (EMs) will continue to underperform for the next 3-5 years, says Mark Matthews of Bank Julius Baer & Co. He told CNBC-TV18 that the data trend in the US being positive will hit performances of EMs.
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
Standard Chartered downgraded Reliance Communications rating to 'underperform' from 'in-line'. It feels that the risks from the tower sharing deal exist from the pace of the ramp-up.
Jefferies has retained its 'underperform' rating on State Bank of India post fourth quarter results. Provision expenses were higher as SBI wrote-off a significant chunk of assets, offset by tax benefits.
The quick service restaurant business is entering a cyclical slowdown amid cutback in discretionary spending by customers and that will hurt Jubilant Foodworks, according to Credit Suisse.
Bank of America Merrill Lynch downgraded automakers Mahindra and Mahindra Ltd and Bajaj Auto Ltd to "underperform" from "buy" each, citing share gains since mid-2012 and valuations it considered "not compelling."
Credit Suisse cut its steel prices estimates after bigger-than-expected falls, and adds it will impact EPS for companies in the sector by 5-25%.
Infosys lost 0.3% to Rs 2,394.50, extending losses from a 13% plunge on Friday after a slew of analysts downgraded the stock following its lower-than-expected revenue growth outlook on Friday.
Vijay Mallya owned United Spirits has surged 30% in the last one month and now CLSA Asia-Pacific Markets feels there may not be much fizz left in the stock. The brokerage on Thursday downgraded the stock to "underperform" from "outperform."
RBC Capital Markets downgraded Cisco Systems Inc's stock to "underperform," saying the network equipment maker is concentrating more on reorganization, and not on reclaiming market share or developing products.
CLSA downgraded motorcycle and three-wheeled motorised rickshaw maker Bajaj Auto to "underperform" from "outperform" on Wednesday, a note seen by Reuters showed.