Nomura sees fiscal deficit slipping to 3.7% in FY20
Nomura expects the Budget to prioritise investment over short-term consumption demand, announce measures for boosting housing demand and attract more long-term risk capital. The brokerage said it expects the Budget to be largely neutral for both growth and inflation.
Nomura maintains neutral on Bandhan Bank, target price Rs 585
Shares of Bandhan Bank closed at Rs 491, down 5.2%.
Nomura maintains buy on Sun TV, target price Rs 689
Overall revenues are likely to decline around 9 per cent year-on-year.
Time for a rethink on monetary policy: Has inflation targeting failed?
CPI climbing to a 64-month high has brought back the question: is monetary policy suited to tackle inflation?
Nomura expects ICICI Bank, Axis Bank to get re-rated
Raising target price on ICICI Bank by 8.5% to Rs 700 and on Axis Bank by 10.5% to Rs 1050, Nomura said both the lenders remain its top sector picks.
India's growth hasn't bottomed out: Nomura
Inflation in India has picked up in the near term because of certain supply side shocks.
Nomura initiates buy on KEC International, target price Rs 388
KEC International (KEC) has demonstrated strong EPS growth of 32% (FY15-19) on improving EBITDA margins;
RBI likely to resume dovish stance from FY21: Nomura
Nomura expects fiscal policy to play a bigger role in reviving growth.
India's economy to grow at 4.3% in Q4 2019 : Nomura
Nomura also believes that the first quarter of 2020 will see a "weak" uptick in GDP growth at 4.7 per cent.
Priyanka Khurana carries nuts and fruits on her travels to stay fit
The MD for Fixed Income (Sales) at Nomura practises meditation every day.
Nomura has a buy on Dr Reddy’s Labs, target price Rs 3,200
The company has reported net profit after tax of Rs 1095.10 crore in the latest quarter.
Affle India has potential upside of 28%: Nomura
The brokerage said advertising spends are expected to grow at 32 per cent and 18 per cent on a compounded basis in India and South East Asia versus 15 per cent globally over FY18-FY21.
NBFCs to face funding constraints in 2020: Reports
Indian Non - Banking Financial companies could face solvency strain in the new year as funding would remain a constraint despite surplus system liquidity, according to global ratings firm Moody’s. Funding difficulties are forcing NBFC to reduce lending, resulting in funding constraints for borrowers relying on non-bank lenders.
Nomura maintains buy on Motherson Sumi, raises target price to Rs 158
Buy Motherson Sumi Systems Ltd. at a price target of Rs 158.0 .
View: The case for QE in India is getting stronger
The growth rate of India’s broadest measure of money supply has collapsed to single-digit levels.
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