Given the above-average 1 year forward Sensex PE multiple of 15 times and expected 5-10 percent earnings downgrades to consensus numbers, the impact of the current round of cuts might be lower than historical patterns, feels broking firm Bank of America Merrill Lynch
Posts tagged MC
Stock market to react to rate cut with a lag: Brokers (30-09-2015)
Buy Supreme Industries; tgt of Rs 685: Firstcall Research (30-09-2015)
Firstcall Research is bullish on Supreme Industries and has recommended buy rating on the stock with a target price of Rs 685 in its research report dated September 29, 2015.
Buy Kesar petroproducts; tgt of Rs 480: Firstcall Research (30-09-2015)
Firstcall Research is bullish on Kesar petroproducts and has recommended buy rating on the stock with a target price of Rs 480 in its research report dated September 29, 2015.
Sensex continues to rally, Bank Nifty weak; rupee gains 20p (30-09-2015)
Bank Nifty saw profit booking, falling 100 points as ICICI Bank, Axis Bank and State Bank of India declined 0.9-1.7 percent.
Xiaomi probed for misleading consumers in China (30-09-2015)
Industry regulators have initiated an investigation into the Beijing-based handset maker on suspicion of using phrases including “the best” to describe its products online, state-run China Daily quoted the Securities Daily as saying.
German prosecutors investigate Audi over emissions: Paper (30-09-2015)
Wolfram Herrle, chief prosecutor in Audi’s hometown of Ingolstadt in southern Germany, was quoted as telling the Funke Media group that a preliminary investigation had been launched to see whether to initiate formal proceedings against the company.
Need 200 bps cut to revive capex, 50 bps paltry: HCC (30-09-2015)
Since it takes one year for the rate cut to have an impact, atleast a 200 bps rate cut was needed to revive the capex cycle, Ajit Gulabchand explained.
Maruti Suzuki at record high, rate cut may boost auto sales (30-09-2015)
CLSA believes that over the next 12-18 months, lending rates will likely reduce by about 150 bps. According to the brokerage, Maruti Suzuki will be one of the key beneficiaries of falling rate environment in its coverage universe.
Expect AUM growing at 15% this fiscal: Shriram Transport (30-09-2015)
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance Corporation spoke about RBI’s rate cut and how the business shapes up going forward.
Steel cos may hike price to Rs 1500/tn on demand rise:Sarda (30-09-2015)
Steel safeguard duty on hot rolled coil (HRC) has brought fear among the importers but when compared price-to-price, imports are still more viable for long products, says GD Mundra, Sarda Energy.