Broker Radar for April 22

Check out the stock commentaries and recommendations from brokerage houses.

Apr 22, 2019 03:04 IST India Infoline News Service

Buy Hold And Sell Dice Represents Stocks Strategy
Spark Capital Downgrade DCB Bank to ‘Sell’ from ‘Reduce’; hiked TP to Rs 179 from Rs 167
  • See a prolonged period of sub-optimal return metrics. Reduce FY20 growth estimate to 19% vs. 25% led by slowdown in overall retail portfolios.
  • Expect bank to raise funds in H2FY20 to support growth trajectory.

Spark Capital upgrade RBL Bank to ‘Add’ from ‘Reduce’; hiked TP to Rs707 from Rs524.
  • Expect RBL to post industry leading loan growth. Positives: shift to higher yielding retail book, higher CA growth & pricing power.
  • Do not expect any major asset quality issues.

Nomura maintains BUY target for RIL at Rs1,400.
  • Numbers largely in line with estimates.
  • Sparating fibre/tower assets cuts Jio debt.
  • Jio ARPU slightly lower due to low value subs additions.

CLSA maintains BUY target on HDFC Bank at Rs2,850.
  • Assets quality stable but moderation of subsidiaries.
  • Expects HDFC Bank to see a 21% profit CAGR over FY19-21.
  • HDB-FS may look to rise capital over 12-18 months.
  • Sub earnings for FY19 slowed.
  • HDB-FS saw a 24% rise in profit & HDFC Sec saw 4% yoy fall.
Source: Media reports

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