Is It Time To Buy Indian Cement Stocks? Morgan Stanley Answers

Staff Reporter | 15 October 2024

Cement stocks have underperformed over past few months amid weak demand and cement price rollbacks, but some price hikes likely in next few months


Indian Conglomerates Poised For $800 Bln Investment Push, S&P Says

Staff Reporter | 14 October 2024

The spending focus will be on new businesses like green hydrogen, clean energy, aviation, semiconductors, EVs and data centers


IIFL Finance Gets Upgrade From Jefferies After RBI Lifts Gold Loan Ban

Special Correspondent | 20 September 2024

The brokerage says with RBI lifting ban on gold loans at IIFL, disbursement should resume and ramp...


Moody's Upgrades Vedanta Resources' Corporate Family Rating

Staff Reporter | 16 September 2024

The upgrade driven by the conglomerate’s reduced refinancing risk after its successful issuance of $900 million in 10.875% notes due in September 20


Bharti Hexacom “Best Play” On Tariff Hikes, Jefferies Says; Upgrades To Buy, Lifts TP

Special Correspondent | 13 September 2024

The brokerage says Jio's rising focus on growth and Vodafone Idea’s market share losses may need multiple tariff hikes over the next few years


Kalyan Jewellers Still Midway Into Value Creation Journey, HSBC Says

Special Correspondent | 12 September 2024

HSBC says Kalyan’s stock price has risen 8x in the past two years as the business model successfully transformed through capital light franchise mod


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Zomato Best India Consumer Tech Monetization Play, JP Morgan Says; Lifts Target Price

Special Correspondent | 5 September 2024

The brokerage says Zomato is spearheading a rapid retail consumer transformation via its convenience and selection-focused quick commerce business


Time To Get Selective On Indian Banks, Morgan Stanley Says

Special Correspondent | 4 September 2024

The brokerage says margins and asset quality are set to normalize going ahead and drive divergence in profitability based on the franchise strength


India Corporate Credit Quality Getting Stronger, S&P Says

Staff Reporter | 12 August 2024

S&P says the improvement is driven by broad-based earnings growth and increased financial discipline


Moody's Upgrades Tata Motors To Ba1 On Sustained Revenue Growth, Improving Profit

Staff Reporter | 8 August 2024

Moody's says Indian automaker will sustain the improvement in all three of its automotive operations


Citi Lifts Maruti Target Price After 1QFY25 Beats Estimates

Special Correspondent | 1 August 2024

Citi says Indian automaker’s 1QFY25 results were above its estimates, driven by strong margin expansion despite escalated discounts


HSBC Keeps Buy On DMart Retail Store Operator, Lifts Target Price

Special Correspondent | 31 July 2024

HSBC says value retailing remains the core positioning of DMart and will be central to all its offline and online retail endeavors


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Morgan Stanley Affirms Overweight On InterGlobe Aviation, Lifts Target Price

Special Correspondent | 30 July 2024

Morgan Stanley raises its target price on Indian aviation major IndiGo to 5,245 rupees from 5,142 rupees per share following its quarterly results


S&P Upgrades Vedanta Resources On Improving Capital Structure, Liquidity

Special Correspondent | 25 July 2024

S&P says the resources conglomerate has sufficient internal resources to meet $1.4 billion of debt maturities until December 2025


Bajaj Auto’s CNG Bike Offers Attractive Value Proposition, Jefferies Says

Special Correspondent | 8 July 2024

Bajaj Auto last week launched the world’s first CNG-powered motorcycle Freedom 125


Reliance Industries May Add $100 Bln In Value, Morgan Stanley Says

Staff Reporter | 1 July 2024

Morgan Stanley says the growth will be driven by new business cycles, new cash flow streams emerge, and higher valuation multiples


Nykaa Owner “Beautifully Positioned” To Capitalize On Growth Opportunities – Equirus

Special Correspondent | 27 June 2024

Equirus Securities initiates coverage on FSN E-Commerce with Long rating and a target price of 240 rupees per share


Jefferies Says ICICI Bank Well-Placed To Deliver On Growth, Profitability; Keeps Buy

Special Correspondent | 25 June 2024

Jefferies says ICICI Bank stays among its top picks in the financial sector amid healthy deposit growth and slower cost growth