Q4 results boosted by recovery in chemical and refining margins
Bank’s loan growth to improve as the macro recovery gains pace
Investors cite sluggish volume growth, rising input costs, and a peak in margins amidst high valuations
We resume coverage on Tech Mahindra (TechM) with an overweight rating and a price target of Rs 1,650 per share
Dr Reddy?s has launched generic Depakote ER tablets in the US.
Sun Pharma?s competitor in US markets, Hikma Pharmaceuticals, has again increased its 2013 guidance for its generics division on doxycycline…
Efforts to improve its capabilities by building a front-end in the United States and the European Union will yield results…
With change in management control at United Spirits (USL), we expect greater focus on profitable growth and consequent structural rise…
Indian macro is taking another legdown, with growth slowing and rates higher.
Despite stable macro in FY14Q1, impairments at Axis Bank have continued to pick up.
United Spirits (UNSP) is the top pick in our coverage universe.
We initiate our coverage on United Spirits with an ?overweight? rating and price target of R3,115.
We reiterate our ?overweight? rating on HDFC and increase the price target to R1,125 (R1,010 earlier) as strong growth, strong…
We remain ?overweight? on Tata Steel due to the structural changes taking place at the company.
Bharti reported Q4FY13 results with revenue 1.3% below expectations; however, Ebitda (earnings before interest, taxes, depreciation and amortisation) was 1%…
We upgrade Reliance Communication to ?equal-weight? from ?underweight? with a price target of R56 per share.
The company will benefit from the overall improving sector dynamics.
HDFC Bank has been our preferred stock in India despite the problems plaguing the Indian banking industry.
