According to a report by Jefferies, the Central government’s capital expenditure (capex) is expected to rise significantly by 25% in the second half of FY […]
Category: Brokerage Reports
Brokerages on India GDP: UBS 6.3%, Nomura 6%, MS 6.3%. RBI Cuts Likely Dec/Feb. Nuvama on Adani Ports, Nomura on Dixon Tech, MS on RBL, IndusInd Bank, Polycab, KEI, Titagarh Rail.
Brokerages on India’s Q2 GDP Growth Projections UBS Revised FY25 GDP growth projection to 6.3%. Believes achieving 6.5% growth will need strong monetary and fiscal […]
India’s 3Q GDP Slows to 5.4%, Below JP Morgan’s 6.4% Estimate; Growth Outlook Revised to 6.4%
India’s GDP growth for the July-September quarter slowed to 5.4% year-on-year, the lowest in seven quarters. This was below expectations, with J.P. Morgan predicting 6.4% […]
Brokerage Reports: CLSA on Bharti Airtel (TP Rs 1,860), HSBC on DLF, GPL, SOBHA (Buy); UBS on Paytm (TP Rs 1,000), GS on Amber Ent (Neutral, TP Rs 6,300); Citi on Colgate (Sell).
CLSA on Bharti Airtel Maintains an Outperform rating with a target price of ₹1,860. The company continues to add post-paid subscribers, driven by 5G adoption […]
Brokerage Reports: JPM on LTI Mindtree, MS on Prestige Estates, GS on M&M & Aurobindo, UBS on Siemens, Macquarie on Telecom, Morgan Stanley on Coal India & OMCs, Jefferies India Strategy
Morgan Stanley on LTI Mindtree: Rating: Overweight (OW), Target Price: Rs 7050 Analyst Day Takeaways: 1. Discretionary spending is still slow. 2. Sales momentum is […]
Fitch Places Adani Energy Solutions and Adani Electricity Mumbai Default Ratings on Negative Watch Due to Bribery Charges
Fitch Ratings has placed the ratings of Adani Energy Solutions Limited (AESL) and Adani Electricity Mumbai Limited (AEML) under a “Rating Watch Negative” (RWN) due […]
Brokerage Reports: Jefferies on Reliance Industries: Buy, Target Rs 1700, JPMorgan on ER&D: KPIT Tech, Persistent, Tata Elxsi, Kotak on Emcure: Buy, Target Rs 1680, Citi on L&T Finance: Buy, Target Rs 221
Jefferies on Reliance Rating: Maintain Buy with a target price of Rs 1700. Outlook: The risk-to-reward for Reliance is compelling. Refining: Expect a year-on-year improvement […]
Brokerage Reports: Citi upgrades Reliance Industries to Buy, TP Rs 1530; Bernstein on NTPC, MS on SBI Cards, Oberoi Realty, DLF, Auto Sector, PVC Pipes with TPs Rs 650, Rs 2060, Rs 910 and More 👇
Citi on Reliance Industries Upgrade to Buy, Target Price (TP) Raised to Rs 1530: After a period of underperformance, Citi believes that the risk/reward for […]
S&P Global Downgrades Outlook on Adani Group Entities Amid Bribery Allegations
S&P Global Ratings has downgraded the outlook for key Adani Group companies—Adani Ports and SEZ Ltd, Adani Green Energy Ltd (AGEL RG2), and Adani Electricity […]
Brokerage Reports: Morgan Stanley, JPM on Reliance Industries; HSBC on India Strategy, MFIs, Sobha; Jefferies, MS on Chemicals; Bernstein on PFC/REC; Jefferies on SBI; UBS on L&T; MS on HCL Tech
MS on Reliance Industries Limited (RIL) Rating: Overweight (OW), Target Price (TP): Rs 1662 Refining margins are improving after two weak quarters. Permanent refinery capacity […]
India Market Strategies: Citi’s Optimism on Valuations and Growth vs. Goldman Sachs’ Cautious Outlook, Focus on Quality Stocks, and NIFTY Targets of 25,000 and 27,000
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 […]
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 […]