Broker Radar for July 13

Check out the stock commentaries and recommendations from foreign brokerage houses.

Jul 13, 2018 03:07 IST India Infoline News Service

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.

(Source: Media Reports)

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