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Articles By HSBC

142 Articles

Hold Biocon; Q1 profit weak excluding one-off gain: HSBC

Biocon reported Q1FY16 net profit Rs 12,620 crore.

biocon shares News

Maintain hold on JSW Energy; lower target price to Rs 109: HSBC

JSW reported 15% y-o-y decline in earnings in Q1FY16, which was more than our and consensus expectations because of reported declines in realisation...

Maintain hold on JSW Energy; lower target price to Rs 109: HSBC

Hold Oberoi Realty; pace of new launches disappoint again: HSBC

Oberoi Realty Q1FY16 PAT up 24% y-o-y but down 23% q-o-q.

Hold Oberoi Realty; pace of new launches disappoint again: HSBC

Two-wheelers rating: Buy; Bikes take the slow lane

Royal Enfield making market inroads on broadening appeal

Two-wheelers rating: Buy; Bikes take the slow lane

Maintain buy on Asian Paints, volume growth of 6-7% likely in Q1: HSBC

Asian Paints stock price has corrected significantly since its peak in January this year on short-term weakness in volume growth.

Asian Paints bse nse sensex nifty News

Retain buy on NTPC even as generation slips for Q1: HSBC

As per the monthly generation data released by CEA (central electricity authority) NTPC saw a 7% y-o-y decline in generation for Q1FY16.

Retain buy on NTPC even as generation slips for Q1: HSBC

Buy rating on Bharat Forge; Braving headwinds

Nothing to worry about a possible dip in profit growth in Q1

Buy rating on Bharat Forge; Braving headwinds

Buy Bharat Forge as CV cycle continues to recover: HSBC

EU and India heavy truck data continue to remain strong for May as well. EU27 recorded 17.8%y-o-y growth of sales for heavy trucks YTD...

Buy Bharat Forge as CV cycle continues to recover: HSBC

Retain hold on Tech Mahindra despite earnings uncertainty: HSBC

It has come full circle for TechM. Post the Satyam acquisition, the Street expected non-telecom to become a growth driver, yet it was telecoms that continued to drive, indeed accelerate, growth.

Retain hold on Tech Mahindra despite earnings uncertainty: HSBC

‘Reduce’ rating on SAIL, Tata Steel; ‘Hold’ rating on JSW Steel: Some relief

Recent hike in import duty is too littleto make a difference

‘Reduce’ rating on SAIL, Tata Steel; ‘Hold’ rating on JSW Steel: Some relief

Buy Voltas on strong brand recall: HSBC

Our discussion with investors suggests they have three key concerns on Voltas

Buy Voltas on strong brand recall: HSBC

HSBC downgrades Britannia to ‘hold’ from ‘buy

Britannia has had a strong run with the stock up 194% in the last one year and 49% YTD.

HSBC downgrades Britannia to ‘hold’ from ‘buy

Hold Nestle, cut target to Rs 6,500: HSBC

The ban on Maggi has seen Nestle India sell off dramatically in a short span (in the last one month, it is down 17%).

Hold Nestle, cut target to Rs 6,500: HSBC

PSU banks share rating: Storm isn’t over yet

Near-term outlook stays stressed; valuation may correct more

PSU banks share rating: Storm isn’t over yet

Positive on IT firms amid visa woes: HSBC

Media reports suggest Infosys and TCS are being probed by the US Department of Labor for the potential misuse of temporary H-1B visas.

Positive on IT firms amid visa woes: HSBC

Retain reduce rating on RCom; Sistema merger pending approval: HSBC

Reliance Communications (RCom) and AFK Sistema have entered into exclusive discussions on a potential merger...

Retain reduce rating on RCom; Sistema merger pending approval: HSBC

Hold Jubilant Foods as SSSG set to revive in 2-4 quarters: HSBC

Recently, Jubilant met with analysts to provide an interim update. Overall consumer demand still weak but Jubilant consolidated...

Hold Jubilant Foods as SSSG set to revive in 2-4 quarters: HSBC

Retain buy on JustDial; see upside from Search plus: HSBC

JustDial’s Q4 numbers were below estimates but we remain positive about the upsides from Search plus. Further new initiatives and services support our investment thesis.

Retain buy on JustDial; see upside from Search plus: HSBC

Stock watch: Apollo Hospitals a good buy in long-term

Maintain ‘buy’ on Apollo Hospitals as we see multiple levers to growth in the long term. We value the stock on a DCF basis...

Investment tip News

Mahinda & Mahindra stock to witness multiple re-rating triggers

Mahindra & Mahindra (M&M) reported its weakest quarter in five years; however, the results were still a tad better than consensus and taken positively by the Street.

Mahindra & Mahindra News

Maintain reduce rating on SAIL as earnings weak: HSBC

SAIL reportedQ4FY15 Ebitda of Rs 930 crore, down 24% y-o-y and 30% below our estimates.

Maintain reduce rating on SAIL as earnings weak: HSBC

Downgrade Jet Airways shares as non-fuel costs rise: HSBC

Jet Airways reported a loss of Rs 1,800 crore in Q4FY15, an improvement of 26% y-o-y.

Downgrade Jet Airways shares as non-fuel costs rise: HSBC

Maintain hold on JSPL but with reduced target price: HSBC

Falling steel prices, subdued volume growth and rising iron ore prices took a toll on JSPL’s Q4FY15.

Maintain hold on JSPL but with reduced target price: HSBC

Buy UPL, raise target to Rs 600: HSBC

Reiterate ‘buy’ on UPL (formerly United Phosphorous) and raise our fair-value target price to R600 (earlier R503) based on next four quarters earnings.

Buy UPL, raise target to Rs 600: HSBC

‘Reduce’ rating on ABB India: Weakening top line

Selective order picking strategy hurts in a delayed industrial recovery scenario.

‘Reduce’ rating on ABB India: Weakening top line

Upgrade Bosch on fast-tracking execution of emission norms: HSBC

Recent discussions with experts suggest that BSIV emission norms are likely to be implemented on a nationwide ...

Upgrade Bosch on fast-tracking execution of emission norms: HSBC

Retain hold on KMB on stable Q4 results & asset quality: HSBC

Q4FY15 standalone earnings at R527 crore (+29% y-oy-) were above our estimates due to higher core fee income.

Retain hold on KMB on stable Q4 results & asset quality: HSBC