Maintain ‘buy’ on Sobha, target Rs 545
Sobha has corrected in the recent past and offers an attractive entry point again.
Infra monitor: Rings around cities
More than half of Beijing’s 21.5m residents live outside its Fifth Ring Road, a road built around city covering 20 km in diametre.
Buy Oberoi Realty, target price of Rs 325 per share: Kotak Institutional Equities
Debt-averse Oberoi Realty has approved raising Rs 325 crore of equity through the preferential route (a dilution of around 3.25%).
Suspended rating on Cairn India; Lost in merger
Rajasthan block under-priced; stock to trade at merger-parity with Vedanta
Retain reduce on Mphasis as HP revenue slide continues
Mphasis attributed this growth recovery to initiatives such as (1) creation of separate client mining and hunting teams, (2) onsite relocation of delivery heads of its six key accounts, and (3) decentralisation of decision ma
ICICI stock: Kotak Institutional Equities maintains ‘buy’ rating
Over a half of slippage comes from restructured loan portfolio
Reduce rating on Cairn India on reports of likely merger with Vedanta
Unauthenticated media articles suggest that Vedanta is planning to merge Cairn India with itself.
Sun Pharmaceutical faces revenue growth challenges
Sun Pharmaceutical Industries Ltd’s Q4FY15 results underwhelmed, sharply missing estimates across the board as US, India and EMs (emerging markets) dragged revenues down 11% quarter-on-quarter.
Maintain add on Tata Power; Mundra UMPP losses in check: Kotak Institutional Equities
Curtailed losses at Mundra UMPP formed the mainstay of Tata Power’s consolidated earnings for Q4FY15, as the benefits...
Maintain add on Sunteck Realty on strong Q4: Kotak Institutional Equities
Although at a pace slower than envisaged, Sunteck grew its sales and collections by around 18% and 28% in FY15...
Reduce rating on Tata Steel; Going down in a weak steel cycle: Kotak Institutional Equities
Weaker than expected: Tata Steel’s consolidated Ebitda (earnings before interest taxes depreciation...
Retain ‘reduce’ on Pidilite as revenues lag: Kotak Institutional Equities
RETAIN ‘reduce’ on Pidilite Industries with a revised target price of R510 (earlier R540) based...
Retain reduce on Asian Paints as earnings slip: Kotak Institutional Equities
Reiterate ‘reduce’ on Asian Paints and cut estimates a tad with an unchanged (despite rollover) target price of Rs 750.
‘Buy’ rating on Maruti Suzuki: Back in top gear
Surprise discount reductions aid margins.
Bharti Infratel results in line; free cash flow dips in FY15
FY15 was a robust year for Bharti Infratel on all counts except free cash flow (FCF) generation.
Refining margins up: Buy rating for Reliance Industries
E&P segment lags; shale business a drag
Add LICHF as strong NII drives core earnings: Kotak Institutional Equities
Retain ‘add’ on LIC Housing Finance (LICHF) with a target price of Rs 500 a share...
Buy DCB Bank on another strong quarter
Maintain 'buy' on DBC Bank and our positive view reflects the bank’s healthy tier-1 ratio, low impairment ratios...
Upgrade Reliance Industries to ‘buy’; firm may consider buyback plan: Kotak Institutional Equities
We upgrade Reliance Industries (RIL) to buy with a revised target price of R1,040 (+4%), as the CMP adequately factors, erosion of ...
Reliance Industries rating: Buy; Correction cues
Completion of ongoing projects, fuel retailing could restore investor confidence
Strong quarter ahead for SEL on double-digit traffic growth
Sadbhav’s BOT projects reflect another quarter of very strong and broad-based traffic growth, leading to double-digit traffic growth for FY2015...
Sell Ashok Leyland as valuations expensive
Maintain sell on Ashok Leyland (AL) due to expensive valuations but revise our target price to R57 (earlier R44) on roll-over to March 2017 and increase in EPS estimates...
Automobiles: Minimum impact of Euro depreciation
Bharat Forge, Mahindra CIE, Motherson Sumi and Wabco India are likely to weather this storm
Initiate buy on Dalmia Bharat, target of Rs 515: Kotak Institutional Equities
Initiate coverage on Dalmia Bharat with a buy rating and target price of R515 per share valuing the stock...
JSPL back to square one on bid rejection: Kotak Institutional Equities
Suspend rating on Jindal Steel & Power (JSPL) — previously ‘add’ — pending clarity on the coal-sourcing arrangement...
Sesa Sterlite tating: Buy; Clearing roadblocks
Growth drivers visible in multiple areas; internal initiatives can take care of remaining obstacles
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Top News
- In times of crisis, the Centre must support the states: Dr Y V Reddy
- No plan to implement rating system for MSMEs, says MSME Minister Narayan Rane
- Kargil Vijay Diwas's eve: Chief of Defence Staff Gen Bipin Rawat visits areas along LoC in Dras sector of Kargil
- Corona LIVE: Prepare for 4-5 lakh cases per day in 3rd wave, Covid group to govt; Mumbai reports 362 new cases
- 28% Indians plan to travel in August-September; risk of third COVID-19 wave set to rise: Report
- Wall Street Week Ahead: Big tech companies retake market reins with earnings on tap
- Now Amazon explores cryptocurrencies, blockchain; hints at crypto payments with this job posting
- IPL 2021 Returns! Mumbai Indians to play Chennai Super Kings in Dubai when IPL resumes in UAE
- Many now have immunity against COVID-19 but don't lower guard, say experts
- IMD issues orange and yellow alerts predicting very heavy rain in parts of Madhya Pradesh
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