Clsa

Food and grocery delivery firm Swiggy's early moves stir pot in food, qcom

Growth and strategy may close the gap with Zomato: Analysts

Swiggy rises 5% after CLSA initiates coverage, sets target at Rs 708 apiece

The target price of Rs 708 per share implies a 31.7 per cent upside from the previous close of Rs 537.5 per share on BSE

FPI under-owning gives India moat among EMs: CLSA's Alexander Redman

Redman noted that one cannot find such a good fit between equity market momentum and domestic mutual fund flows as in India

CLSA does U-turn on China, ups India exposure after Donald Trump win

Reverses overweight; India once again biggest OW in Asia-Pac portfolio

In U-turn, CLSA shifts focus back to India and reduces China exposure

Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week. Trump 2.0 heralds a trade war escalation just as exports become the largest contributor to China's growth," the brokerage said. Stating that it was sceptical on the endurance of the China equity melt up from the outset, CLSA said yet it committed a little more at the start of October by tactically deploying some of its over exposure to India towards China. It had reduced its Indian overweight to 10 per cent from 20 per cent and raising our China allocation to a 5 per cent overweight from the benchmark. "We now revers

Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside

The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.

CLSA raises DMart target price, sees 14% upside, says report; stock gains

The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.

Paris Olympics 2024: Gold, Sensex dazzle since Tokyo 2021 games, CLSA says

Gold prices, CLSA said, have risen from $1,806 per ounce (oz) since Tokyo Olympics 2020 began on July 23, 2021 to $2,387/oz at the start of Paris Olympics 2024 on July 26

Brokerages on board with Budget but for capital gains tax curveball

As markets sift the Budget's fine print, they'll also monitor Q1 earnings, monsoon trends, and global factors

CLSA says Zomato is growing faster than Swiggy, sees 25% upside

In terms of revenue, Swiggy's Y-o-Y growth of 24 per cent also fell short of Zomato's adjusted revenue growth of 55.9 per cent Y-o-Y

CLSA thinks pvt banks may outperform PSBs ahead; check reasons, top picks

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

CLSA sees further re-rating scope in Vedanta; stock rises over 2%

Vedanta also expects major cost reductions via alumina refinery capacity expansion, higher power generation efficiency, commissioning coal blocks and bauxite mines, and a smelting capacity increase

How to trade Modi stocks ahead of LS election results? Complete guide here

The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high

On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23

Morgan Stanley, CLSA bullish on Zomato after solid Q4, check target prices

On the bourses, Zomato was trading 1.39 per cent lower at Rs 191 per share, at 9:42 AM. By comparison, S&P BSE Sensex was up 0.11 per cent at 72,853.25 levels

CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks

Fino Payment Bank, Max Financial, Sula Vineyards and Embassy REIT among top midcap and small-cap stocks by CLSA.

BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?

In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago

Vedanta soars 8%, hits 23-month high on heavy volumes; zooms 45% in 4 weeks

CLSA has upgraded the company's rating to 'buy' with an increased target price of Rs 390

Vodafone Idea stock may more-than-half amid subscriber churn: CLSA

Shares of Vodafone Idea could drop as much as 61 per cent to Rs 5, warns analysts at CLSA