Page 6 - Brokerages

Brokerages positive on Godrej Consumer on growth recovery, lower costs

Extent of margin gains will depend on extent of ad spends and price cuts

Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023

Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences

New norms likely to hit demand, keep CG Consumer stock under pressure

The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators

'Underweight' on India, China to lead Asian outperformance in 2023: Nomura

The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel

NSEL scam: Sebi bans five major commodity brokers for six months

The brokers had appealed to the Securities Appellate Tribunal (SAT) against a previous order by Sebi issued in 2019

Settlement scheme to be extended for 150 brokers from December 19

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

"Differentiated offerings should be the criteria for selecting a broker"

Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs

Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals

CDSL malware attack hits broking ops; Sebi, Cert-in to probe incident

Brokering industry players said the disruption caused by the malware attack could have been more adverse if not for the weekend

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

ITC hits new high on solid Q2 performance; analysts see up to 16% upside

Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices.

Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit

Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins

Running accounts Settlement: New Sebi guidelines in motion from Friday

However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts

Online brokers alone can't serve new retail investors: Religare Broking CEO

We have launched an aggressive discount broking plan, Religare One Pro Plan, to counter the discount broker model and attract Gen Z and millennial clients, says Nitin Aggarwal

Commercial vehicle volumes to stay resilient as recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

DreamFolks Services IPO is open for subscription, should you Subscribe?

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.

Top brokerages welcome Paytm's Q1 results, reiterate 'buy' rating

In their brokerage notes, they highlighted Paytm's strong growth in revenue and contribution margins during the quarter in addition to sharp improvement in net payment margins

Brokerages lower Reliance's FY23 earnings estimates after Q1 miss

While Street is bullish on retail, Jio prospects, near-term O2C outlook led to cuts

Expect fiscal slippage of 0.4% in FY23, says brokerage firm Nomura

The Centre's reversal on windfall taxes within 18 days of announcing the moves led a Japanese brokerage to flag its impact on fiscal math.