5 Stocks Where Global Bro­ker­ages Tweaked Rat­ings Post Q4 Earn­ings

The Economic Times - - Smart -

timesin­ter­net.in ETMar­kets.com: Top global bro­ker­age firms such as CLSA, Credit Suisse, Deutsche Bank and BofAML in a sep­a­rate notes to their clients have tweaked their rat­ings as well as tar­get prices for five stocks af­ter their March quar­ter re­sults an­nounced this past week.

ETMar­kets.com col­lated a list of five such stocks:

UltraTech Ce­ments (Out­per­form; Tar­get price: 3,750)

CLSA has down­graded UltraTech Ce­ments post Q4 re­sults, but has main­tained its 12-month tar­get price at 3,750. The beat was on the back of higher vol­umes and lower costs. CLSAhasre­duced­its12-mon­thtar­get price to ₹ 800 from ₹ 850 ear­lier. The net profit was tad be­low es­ti­mate, and earn­ings growth was largely driven by 31% growth in AUM. Most of the net in­ter­est mar­gin (NIM) sur­prise was ex­plained by im­proved re­cov­er­ies, said Credit Suisse. It says that the im­prove­ment in H2FY17 would de­pend on mon­soons, in­fras­truc­ture ac­tiv­ity, and ru­ral de­mand.

RIL (Buy; Tar­get price

Deutsche Bank main­tains a buy rat­ing as strong re­fin­ing mar­gins drive high­est-ever quar­terly profit. The com­mer­cial launch of RJio over the next few months will be a key trig­ger.

HDFC Bank (Buy; Tar­get price

Stronger loan growth and stable as­set qual­ity drive in-line Q4. But, go­ing for­ward the stock is well-poised to gain sig­nif­i­cant share with good as­set qual­ity, said BofA-ML.

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