There is going to be no rate cut this year. “We think food inflation expectations will rise over the next several months, core inflation will turn by yea-end into early 2016, so we think that the best of monetary accommodation is over,” says Sailesh Jha, Chief Asia Economist, Credit Suisse PBWM
Posts tagged MC
Expect Q2 GDP @ 6.8%; RBI needs to tighten liquidity: CS (01-09-2015)
Three reasons why investors remain confident on India (01-09-2015)
India’s gross domestic product (GDP) grew 7 percent on-year in the April-June quarter, versus a 7.5 percent gain in the first three months of the year, dragged down by weak net exports.
Saw good Onam sales; eye stellar festive season: Blue Star (01-09-2015)
In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is hopeful of doing strong business in the room air conditioning and deep freezing business.
Jet up 3% on ATF price cut by 11.6%, 2nd time in 2 month (01-09-2015)
In Q1, Jet Airways EBITDA was up 5 times as fuel expenses were down 20 percent YoY. Analysts expect further improvement in operational performance in Q2. Low aircraft fuel expenses also aided SpiceJet in posting a stellar April-June quarter.
Rupee advances in late morning deals, up 24 paise vs USD (01-09-2015)
The rupee opened higher at 66.38 per dollar against yesterday’s closing level of 66.48 at the Interbank Foreign Exchange (Forex) market.
Buy Majesco; target of Rs 460: BP Equities (01-09-2015)
BP Equities is bullish on Majesco and has recommended buy rating on the stock with a target price of Rs 460, in its research report dated August 28, 2015.
Buy Shilpa Medicare; target of Rs 1140: Firstcall (01-09-2015)
Brokerage house Firstcall Research is bullish on Shilpa Medicare and has recommended buy rating on the stock with a target price of Rs 1140 in its research report dated August 28, 2015.
Buy National Fittings; target of Rs 85: Firstcall (01-09-2015)
Brokerage house Firstcall Research is bullish on National Fittings and has recommended buy rating on the stock with a target price of Rs 85 in its research report dated August 28, 2015.
Reduce Den Networks; target of Rs 127: Emkay (01-09-2015)
Brokerage house Emkay Global Financial Services has recommended a reduce rating on Den Networks with a target price of Rs 127 in its research report dated August 11, 2015.
Hold Atul Auto; target of Rs 470: ICICIdirect (01-09-2015)
ICICIdirect.com has recommended to hold Atul Auto with a target price of Rs 470, in its research report dated August 24, 2015.