Articles By Macquarie

12 Articles

Analyst Corner| Jyothi Labs — Product launches to boost volume growth

Dishwashing has been one of fastest-growing categories for JYL and we expect strong growth to continue on account of market share gains and lower overall penetration in the category.

Lifestyle News

Analyst Corner: Nestle India is best play on fast growing packaged food space

Nestle is winning back market share in its core categories on the back of increasing focus on distribution, product launches and strong media campaigns.

Markets News

Dr Reddy’s: FDA move could lower Suboxone opportunity

The US FDA has granted approval for a new dosage strength (16mg/4mg) of the buprenorphine and naloxone sub-lingual film to Teva under the 505 (b) (2) pathway.

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Macquarie rates Sun Pharma ‘neutral’; US sales showing signs of stability

With signs of bottoming out of non-Taro US sales (up from $139 m to $193 m over Q2 to Q4), further material downside earnings risk seems unlikely.

sun pharma, sun pharma stock News

Infosys Technologies stock rated Outperform by Macquarie as Q2 results present mixed bag

Strong execution in the quarter, with PAT beating estimate by 11%, stole the show; guidance cut for FY18 is a concern; FY18 EPS estimate up 2.2%

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Sobha Limited rated ‘Outperform’; operational performance key factor

We attended the conference call hosted by Sobha to discuss its Q1FY18 results. Recall, it had reported decent results for Q1 earlier on August 7 with net debt reduction of Rs 500 m driven by positive operating cash flows.

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Macquarie maintains ‘Outperform’ rating on ITC Ltd; target price Rs 304

Over the weekend, ITC made price hikes in Gold Flake Regular and Premium (69mm) and Navy Cut (74mm) brands.

Markets News

Adani Ports rated ‘Outperform’; balance sheet concerns key for re-rating

We met Adani Ports’ CEO Karan Adani recently. Having taken note of investor concerns about loans and advances (L&As), management is looking to reverse some of the L&As.

adani ports News

‘Outperform’ rating for Yes Bank, target price Rs 1,325

Yes Bank has gained shareholder approval to raise up to $1 billion of equity capital.

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Yes Bank top pick in sector, fund raising to be positive

Retain ‘outperform’ on YES Bank given the strong growth and improving profitability.

Yes Bank top pick in sector, fund raising to be positive

Banks rating: A choppy year ahead

Expect earnings downgrades, poor returns

Banks, sbi bank, icici bank, rbi rate cut News

Outperform on Wockhardt, target of Rs 1,700

Retain ‘outperform’ on Wockhardt (WPL) with a 12-month price target of Rs 1,700.

Outperform on Wockhardt, target of Rs 1,700