Posts tagged All News
Borosil Glass board approves buyback proposal; down by 2% (14-09-2015)
Borosil Glass board approves buyback proposal; down by 2% (14-09-2015)
Deutsche Bank revises Sensex target to 28,000 from 31,000 (14-09-2015)
Deutsche Bank on Monday cut India’s BSE benchmark Sensex target to 28,000 from 31,000 earlier citing concerns over global growth. This is the second time the global financial services major has revised the Sensex target in 3 months. It had earlier trimmed its year-end Sensex target to 31,000 in June on account of a more muted environment for foreign inflows and earnings cuts in preceding two quarters.
Sensex on Monday rebounded over 96 points to 25,706.87 in early trade, reversing its two-day losing trend on the back of positive IIP numbers for July.
The BSE Sensex and NSE Nifty snapped four week losing streak till Sept 11 by gaining 408.31 points and 134.25 points respectively on fresh buying in rate-sensitive stocks amid rising hopes of a rate cut by the Reserve Bank.
Deustche Bank said that combination of commodity deflation, sharp compression in global trade, deep emerging market(EM) currency depreciation and dollarisation of EM debt has raised the risks of an EM contagion.
It further added that cross border loans and debt securities to EM at $5.7 trillion could lead to fast paced tightening of credit.
Nitasha Shankar, vice president, research, YES Securities, said, “Global markets are cautious ahead of the US Fed meeting. Largely the expectations are that the US Fed will not hike rates.”
The global financial services major also said that India looks relatively better placed due to government reforms and low levels of external debt relative to nominal its GDP.
Deutsche Bank listed Tech Mahindra, TCS, Infosys, Nestle India, Godrej Consumer and Zee Entertainment as preferred stock picks. IRB Infra, Shree Cement Cummins India, JSW Energy, NTPC also figured in its list.
Macquarie, Barclays and Ambit had slashed India’s targets earlier citing delay in earnings recovery.
With inputs from Reuters
Festivals to help boost growth in Q3: Berger Paints (14-09-2015)
Buy IOC with a target of Rs 423: Sandeep Wagle (14-09-2015)
Syngene International IPO – Views invited (14-09-2015)
Post stabilisation and successful venturing into commercial manufacturing, Syngene will be the only listed company in India having exclusive focus on NMEs and catering to the entire lifecycle of an NME....Since PI (CSM) & Divis operate with a similar model but lakc the presence in entire lifecycle, it is my personal expectation that Syngene should trade at premium to both the said companies. I can be wrong in my assessment.
Syngene is not a full fledged pharma company but is like a service-oriented company catering to pharmaceutical sector apart from others. To understand the segment in which Syngene is operating in, apart from company's own past ARs as well as RHP, you can refer to past ARs of its Indian peers like GVK as also presentations, ARs and brokerage reports of its international peers like Wuxi.
Once any company's management falters in walking the talk, I stop actively tracking the company as management quality and conduct is the highest weightage I put during my investment decision.
Buy CESC with a target of Rs 527: Sandeep Wagle (14-09-2015)
Manali Petrochemicals signs MOU with TN Govt; up by 1.11% (14-09-2015)
Markets Live: Sensex up 120 points on positive IIP data; traders wary ahead of Fed meet (14-09-2015)
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