Ways2Capital Reviews : Broker Radar For June 5

Investec on Shriram Transport Finance
  • Downgraded to ‘Sell’ from ‘Buy’; raised price target to Rs1,500 from Rs1,340
  • Used commercial vehicles pool to see muted growth.
  • New BS-IV vehicles are structurally efficient.
  • Vehicle scrappage policy could drive growth.
  • Believe that fundamentals are weak, especially on growth, over longer term.
Morgan Stanley on InterGlobe Aviation
  • Maintained ‘Equal-weight’ with a price target of Rs1,205.
  • Airfare tracker indicates yields to remain weak in the current quarter.
  • Airline not raising fares enough to offset rising fuel prices.
  • September quarter to be weak because of seasonally weak demand.
  • Industry hoping yield recovery to start in the second half of this financial year with start of festive season.
Credit Suisse on Indian IT
  • IT sector outperforming due to low institutional ownership, high valuations in other sectors, hope of growth pick-up and Rupee depreciation.
  • Fundamentals have not necessarily kept up for the larger companies.
  • Mid-sized companies have witnessed significant upward revisions in 2018-19 estimates.
  • Tech Mahindra, HCL Tech, Persistent and Cyient are key stock picks.

Source: Media Reports
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About Bhoomi Desai