Citi India Strategy: After a 10% drop in the NIFTY, stock valuations are now more reasonable. The NIFTY’s 1-year forward price-to-earnings (P/E) ratio is just […]
Category: Brokerage Reports
Brokerage Reports: HSBC, MOSL on Glenmark Pharma; Jefferies on Indian Hotels; Morgan Stanley on Suzlon Energy; CITI on Indus Tower; UBS on RK Forgings.
Glenmark Pharma HSBC: Holds a cautious stance on Glenmark Pharma, reducing its target price to ₹1,600 (from ₹1,660). Q2 performance was below estimates due to […]
CLSA Overweights India Amid China’s Struggles, While Citi Downgrades Indian Equities Over Slower Earnings Growth
CLSA’s Shift in Strategy: Back to India Amid China’s Challenges In a recent global equity strategy note titled “Pouncing Tiger, Prevaricating Dragon,” CLSA announced that […]
India’s Economy in a Sweet Spot: Moody’s Projects 7.2% Growth for 2024, Goldman Sachs Sees 6.3% Growth in 2025, Below Consensus
India’s economy is set for strong growth in 2024, with Moody’s projecting a 7.2% expansion, driven by robust household consumption and moderating inflation. The country’s […]
Brokerage Reports: CLSA on India Strategy, DLF, HAL, Fusion Fin; JPM on Honasa, City Gas; Jefferies on Thermax, HAL: DLF TP Rs. 870, HAL Rs. 5,500, Honasa Rs. 330, Fusion Fin Rs. 155, Thermax Rs. 3,700.
CLSA on India Strategy CLSA has revised its October strategy, reallocating funds to India with a 20% overweight stance. The decision comes as China’s economic […]
U.S. Recession Odds at 75% Amid Inflation & Tariff Concerns; U.S. Equity Funds See $37.37B Inflows, Emerging Markets Face $25.5B Outflow in October
The market rally after the election is fading. The S&P 500 has dropped below 6,000, Treasury yields are near four-month highs, and the Fed isn’t […]
Antique on Allied Blenders: Buy Target Rs 405; JPMorgan Neutral on Vodafone Idea Rs 10; Goldman Sachs Buy Eicher Motors Rs 5400; UBS Buy Apollo Tyres Rs 605; Jefferies Buy PI Industries Rs 5100
ANTIQUE on Allied Blenders Initiates a Buy with a target price of Rs 405. Sees growth in premium brands with new launches and global partnerships. […]
Brokerage Reports: Macquarie Underweight on Swiggy, Zomato with T.P. Rs 325, Rs 130; CLSA on Reliance Industries, Britannia; Jefferies Underperform on BSE at T.P. Rs 3500; BofA, UBS Warn of Inflation Risks Impacting Growth
Macquarie On Swiggy Macquarie starts coverage with an “Underperform” rating and a target price of Rs 325. Swiggy has potential, but the path to profitability […]
Jefferies downgrades earnings forecasts as Nomura predicts Q3 FY25 slowdown. Nifty 50 falls 6.2% as foreign investors sell over $10B
In October, India’s NSE Nifty 50 Index fell by 6.2%, marking its worst monthly decline since March 2020, due to increased foreign outflows. According to […]
AMFI October Data: Equity Inflows Surge 21.7% MoM to Rs. 41,887 Cr, Total AUM Hits Rs. 68.5 Lakh Cr
Mutual funds in India saw net inflows of ₹2.39 lakh crore in October, contrasting with a ₹71,114 crore outflow the previous month. Equity funds recorded […]
Nomura, Morgan Stanley On India Strategy, Jefferies, CLSA, Goldman Sachs on Britannia, Jubilant FoodWorks, Shree Cement, Asian Paints, Hindalco, ICICI Bank: Mixed Ratings, Targets Reflect Demand & Margin Trends
Britannia Industries Nomura has issued a Neutral call on Britannia, with a target price of Rs 5,800 per share. The company posted another quarter of […]
Market Outlook: Morgan Stanley’s Bullish India Strategy & Goldman Sachs on Consumption Trends
Morgan Stanley India Strategy India is currently experiencing a $10 trillion positive wealth shock, with Indian households accumulating $9.7 trillion in wealth over the past […]