Sharekhan's research report on Larsen and ToubroL&T’s weak order inflows for YTDQ3FY2020 may lead to downward revision in management’s order inflow guidance of 10-12% for FY2020. However, strong order book should ensure healthy execution for FY2020-FY2021. Maharashtra’s CM clarification on stoppage on work on projects awarded by the previous government sends positive signal about continued thrust on infrastructure for the state. We expect the government’s thrust on infrastructure investment to remain and expect revival in project tendering as early as Q4FY2020.OutlookWe maintain our Buy rating on Larsen and Toubro (L&T) owing to attractive valuation post the recent correction. Our revised PT of Rs. 1,700 factors lower valuation multiple for the standalone business due to near-term challenges in the sector.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating … [Read more...] about Buy Larsen and Toubro target of Rs 1700: Sharekhan
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Non-Banking Financial Companies (NBFCs) have been under severe pressure for over a year, but the sector now appears ripe for a turnaround.Most NBFCs had a decent quarter amid a challenging environment as they reported steady net interest margins (NIMs) despite an increase in borrowing costs."A lot of pieces are falling in place for NBFCs. Stronger liability profile supported by more diversified, granular and longer duration bank borrowings, deposits and securitisation along with the lower cost of borrowing and normalisation of credit spreads, and a significant improvement in overall system liquidity will aid in a return of confidence to the sector," said JM Financial in a report on December 2.Close With lower valuations, JM Financial believes the sector is attractively placed in the context of improving liquidity conditions, lower funding costs and lower credit spreads going ahead. related news This stock has gained 77% in the last 14 consecutive sessions Shakti Pumps shares … [Read more...] about 5 NBFC stocks brokerages recommend for your basket as the sector looks for turnaround
Investors should shift from overvalued stocks (quality names) and sectors (like consumer) to cyclical and quality mid-small caps, Vinod Nair, Head of Research at Geojit Financial Services, says in an interview to Moneycontrol’s Kshitij Anand.Edited excerpts:Q) The RBI kept rates unchanged in its December meeting. Do you think it is the right move, considering that the GDP growth dropped to over a six-year low in the September quarter?A) It is a well-thought unanimous decision of the RBI to give ample time for the transmission of five consecutive rate cuts undertaken since January 2019 and get better clarity on the inflation trajectory.With the slowdown in India getting more severe than expected and RBI cutting real GDP forecast to 5 percent from 6.1 percent for FY20, we can expect more rate cuts, depending on the evolving macro-economic data in the upcoming MPC meetings.Close We don’t expect this decision to completely change the trend of the market, but there could be … [Read more...] about ‘Time to shift from overvalued stocks to cyclical and quality mid & small-cap stocks’
RBL Bank stocks have witnessed a rough ride since its Q1FY20 earnings report as the bank guided to impending stress in its corporate book. The stock has corrected by 46 percent in the last six months as the market learnt about its exposure to troubled names.The management recently embarked on a massive fund raising exercise to boost growth despite a larger-than-expected write off.Moneycontrol's Shraddha Sharma does a 3-Point Analysis to find out whether RBL Bank stocks can be a rewarding investment.Close Watch the video for more.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about 3 Point Analysis | Is RBL Bank a good buy?
Shares of Reliance Communications extended the winning streak for the 14th consecutive session on December 6, ending the day 4.12 percent higher at Rs 1.01 on BSE.In the last 14 sessions, the stock has gained 77.2 percent. However, in the calendar year 2019, the stock has lost 93 percent of its market value.Reliance Communications has put all its assets for sale, which include spectrum holding of 122 MHz that the company before insolvency proceedings estimated to be around Rs 14,000 crore, tower business worth Rs 7,000 crore, optical fibre network worth Rs 3,000 crore and data centres worth Rs 4,000 crore.Close According to an NCLT order, the resolution professional (RP) has to complete the process by January 10, 2020. related news Shakti Pumps shares fall 3% after CARE revises credit rating BPSL insolvency: NCLAT asks ED, Centre to file affidavits on JSW Steel immunity plea on Dec 12 5 NBFC stocks brokerages recommend for your basket as the sector looks for turnaround RCom, … [Read more...] about This stock has gained 77% in the last 14 consecutive sessions