7 stocks on foreign brokerages' radar
1/9
MORGAN STANLEY ON ASIAN PAINTS
> Maintains Equal-Weight Rating, Target at Rs 1,820/share.
> Expects stock to correct on the back of result.
> Automotive coatings, Industrial coatings remain challenged.
> Expects stock to correct on the back of result.
> Automotive coatings, Industrial coatings remain challenged.
2/9
CREDIT SUISSE ON ASIAN PAINTS
CREDIT SUISSE ON ASIAN PAINTS
> Maintains Neutral Rating, Target at Rs 1,780/share.
> Large beat on volumes which grew high double-digits.
> Asian Paints margins a tad below expectations.
> Maintains Neutral Rating, Target at Rs 1,780/share.
> Large beat on volumes which grew high double-digits.
> Asian Paints margins a tad below expectations.
3/9
MACQUARIE ON AXIS BANK
> Maintains Outperform Rating, Target at Rs 770/share.
> Slippages went up QoQ marginally.
> Main issue is watchlist still remains flat.
> Improvement in margins & healthy loan growth are key +ve.
> Slippages went up QoQ marginally.
> Main issue is watchlist still remains flat.
> Improvement in margins & healthy loan growth are key +ve.
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4/9
CREDIT SUISSE ON AXIS BANK
> Maintains Outperform Rating, Target at Rs 850/share.
> Operating performance continues to improve.
> Cut FY20E EPS by 29% on account of the DTA impact.
> Asset quality was stable, with Gross NPAs flat.
> Retail loan growth continues to be strong at 23%.
> Operating performance continues to improve.
> Cut FY20E EPS by 29% on account of the DTA impact.
> Asset quality was stable, with Gross NPAs flat.
> Retail loan growth continues to be strong at 23%.
5/9
MORGAN STANLEY ON JUBILANT FOOD
> Maintains Overweight Rating, Target at Rs 1,650/share.
> Sees steady Growth & Cost Optimization.
> Management is confident about the long-term prospects.
> Risk-reward is compelling for long-term investors.
> Sees steady Growth & Cost Optimization.
> Management is confident about the long-term prospects.
> Risk-reward is compelling for long-term investors.
6/9
JP MORGAN ON JUBILANT FOOD
> Maintains Overweight Rating, Target at Rs 1,600/share.
> Margin improvement to be supported by productivity measures.
> Good Q2 with 'Ticking the right boxes'.
> Margin improvement to be supported by productivity measures.
> Good Q2 with 'Ticking the right boxes'.
7/9
CREDIT SUISSE ON KOTAK BANK
> Maintains Neutral Rating, Target at Rs 1,450/share.
> Growth slows further but tax cuts & NIMs boost earnings.
> Stock trading at 3.9x fwd. core P/B.
> Growth slows further but tax cuts & NIMs boost earnings.
> Stock trading at 3.9x fwd. core P/B.
8/9
JP MORGAN ON BAJAJ FINANCE
> Maintains Overweight Rating, Target at Rs 4,500/share.
> Target upped from Rs 3,800 to Rs 4,500/share.
> Another strong show on loan growth.
> Fee and liability improvement notable Minor AQ blip.
> New loan bookings show signs of softening but Q3 is key.
> Target upped from Rs 3,800 to Rs 4,500/share.
> Another strong show on loan growth.
> Fee and liability improvement notable Minor AQ blip.
> New loan bookings show signs of softening but Q3 is key.
9/9
MORGAN STANLEY IN M&M FINANCE
> Maintains overweight rating, Target at Rs 425/share.
> A good comeback after a weak Q1.
> Bad loan formation increased YoY but more controlled.
> Stock been weak YTD & hence could do well from here.
> A good comeback after a weak Q1.
> Bad loan formation increased YoY but more controlled.
> Stock been weak YTD & hence could do well from here.