Ways2Capital Reviews : Broker Radar For July 13

Deutsche Bank on Indian IT Services:

• Skills and not scale to drive next leg of growth.
• Rupee depreciation is a tactical tailwind.
• Sector-wide growth outlook remains muted.
• Acquisitions, platforms and partnerships hold the key to overcoming challenges.
• TCS: Initiated ‘Hold’ with a price target of Rs1,740.
• Infosys: Initiated ‘Buy’ with a price target of Rs1,495.
• HCL Tech: Initiated ‘Buy’ with a price target of Rs1,070. Macquarie on Zee Entertainment:
• Maintained ‘Outperform’; cut price target to Rs615 from Rs675.
• Zee5 is relying on original content with right pricing.
• Marketing intensity to pick starting July as it is launched in APAC and Europe.
• Expect Zee5 to almost breakeven in the financial year-ending March 2021.
• Expect valuations to trade lower till Zee remains unhurt from digital disruption.
• Expect continued thrust towards investment in original digital content for next 10 years.

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About Bhoomi Desai