Broker Radar for February 28

Check out the stock commentaries and recommendations from brokerage houses.

Feb 28, 2019 07:02 IST India Infoline News Service

Credit Suisse on NBFCs
  • Real estate sector NPAs are likely to rise in March quarter due to lack of funding from NBFCs.
  • Developers are saddled with inventory of more than 40 months of sales in most markets.
  • Cash flow constraints, incremental credit from NBFCs have started pushing up NPA levels.
  • Remain cautious on Indiabulls Housing, Edelweiss, L&T Finance and Yes Bank.
CLSA  maintained ‘Sell’ on Vodafone Idea with a TP of Rs27
  • Rights issue will fund for two years; Leverage will still be out of control.
  • Strategic shift from pan-India operator to being regional and focused operator to aid.
  • Going regional can cut debt by 25%, boost Ebitda by 20% in the next financial year.
Nomura maintained ‘Neutral’ on Infosys with a TP of Rs680
  • Seen material margin declines; outlook remains weak.
  • Reasons:- investments in sales and digital, localisation and one-off wage reset to counter high attrition.
  • Believe supply side issues are not restricted to Infosys but a sector-wide issue.
HSBC on Oil and Gas
  • City gas licensing now complete; IOC, BPCL, GAIL and HPCL key winners.
  • Regulatory focus shifts to streamlining pipeline tariffs.
  • GAIL is key winner of increasing share of gas in energy mix.
(Source: Media Reports)

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