Afcons A Niche Diversified EPC Play, Jefferies Says; Starts at Buy
Staff Reporter | 6 February 2025Jefferies says the company's diversified segmental and geographic exposure de-risks its business model and widens its opportunity pipeline
S&P Upgrades Vedanta Resources To B+ On Easing Refinancing Risk
Staff Reporter | 4 February 2025S&P says Vedanta’s recent $1.1 billion bond issuance to address its 2026 and 2028 bond maturities has eased its liquidity and refinancing risks
RR Kabel Looks Set For Strong Profit Growth, HSBC Says; Upgrades Stock
Staff Reporter | 31 January 2025HSBC says strong profit growth outlook and attractive valuations makes it constructive on the Indian consumer electrical company at current prices
BroadPath Acquisition Boosts Sagility's Growth Outlook, Jefferies Says; Keeps Buy
Staff Reporter | 30 January 2025Jefferies sees limited integration risks as both companies specialize in US healthcare and have complementary services
Exide 3Q Results Slightly Above Estimates, Citi Says; Affirms Buy Call
Staff Reporter | 29 January 2025Citi Research says the Indian battery maker's margin trends have been encouraging despite lower non-autos demand (industrial/infrastructure)
Fitch Upgrades Vedanta Resources To B+; Outlook Stable
Staff Reporter | 20 January 2025The upgrade follows a major reduction in Vedanta’s refinancing risks after $1.1 billion fundraising in new bonds and bank commitments for loans
Jefferies Bullish On Indian EMS Sector; Amber Enterprises Top Pick
Staff Reporter | 2 January 2025The government’s push on value-addition, China 1+ strategy, cheaper labor and structural growth opportunity will drive the sector growth
Bajaj Finance Earnings Likely Near End Of Weak Phase, HSBC Says
Staff Reporter | 24 October 2024The brokerage expects recovery in consumer loan growth and credit costs, aided by stable net interest margin and controlled expenses to support profit
Is It Time To Buy Indian Cement Stocks? Morgan Stanley Answers
Staff Reporter | 15 October 2024Cement stocks have underperformed over past few months amid weak demand and cement price rollbacks, but some price hikes likely in next few months
IIFL Finance Gets Upgrade From Jefferies After RBI Lifts Gold Loan Ban
Special Correspondent | 20 September 2024The brokerage says with RBI lifting ban on gold loans at IIFL, disbursement should resume and ramp...
Bharti Hexacom “Best Play” On Tariff Hikes, Jefferies Says; Upgrades To Buy, Lifts TP
Special Correspondent | 13 September 2024The 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 2024HSBC says Kalyan’s stock price has risen 8x in the past two years as the business model successfully transformed through capital light franchise mod
Zomato Best India Consumer Tech Monetization Play, JP Morgan Says; Lifts Target Price
Special Correspondent | 5 September 2024The 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 2024The 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 2024S&P says the improvement is driven by broad-based earnings growth and increased financial discipline
Citi Lifts Maruti Target Price After 1QFY25 Beats Estimates
Special Correspondent | 1 August 2024Citi 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 2024HSBC says value retailing remains the core positioning of DMart and will be central to all its offline and online retail endeavors
Morgan Stanley Affirms Overweight On InterGlobe Aviation, Lifts Target Price
Special Correspondent | 30 July 2024Morgan Stanley raises its target price on Indian aviation major IndiGo to 5,245 rupees from 5,142 rupees per share following its quarterly results