Page 3 - Ubs India

Global investors wary about India, intrigued by retail buying: UBS

Global investors are cautious on India because of expensive valuations, but intrigued by domestic households buying stocks, Swiss brokerage UBS said on Tuesday

UBS warns of more downside risks to growth on longer lockdowns

The economy faces more downside risks now as economic disruptions arising from the second wave are likely to stabilise only from July, warned the Swiss brokerage USB Securities. Last month, the brokerage had cut its GDP forecast by 150 bps to 10 per cent for FY22, which though is much higher than the consensus projections by others with some pegging it at as low as 8 per cent. Though adverse impacts on sequential growth is less severe than in the June 2020 quarter when it plunged by 23.9 per cent, as lockdowns are more targeted and localised and households and businesses have adjusted to the new normal now, still, it is increasingly possible that normalcy returns only by July as against our baseline assumption of June. This increases the downside risks to our FY22 growth estimate of 10 per cent, its India economist Tanvee Gupta Jain in a note on Thursday said without quantifying how much it will be. She bases her warnings to the UBS-India activity indicator that has slipped to 78.6

Retail investors in driver's seat; dwarf FII flow into mkts in 2 yrs: UBS

A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelizing their savings to capital markets in search of better return

'India in a sweet spot': UBS India head explains his optimism for 2020

Anuj Kapoor tells Business Standard he believes economy is in 'early recovery phase', resulting in period of low inflation and interest rates.

Ubs Principal Capital Asia sells IndusInd Bank shares worth Rs 148 cr

Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction

UBS Wealth, State Street pick Indian stocks as US election hedge

Firm recommends these shares even beyond Nov 3 vote, as it expects market to be insulated from the election outcome

Forced savings rise as Indians uncertain about spending amid Covid-19: UBS

India's gross savings fell to 29 per cent of GDP in FY20 as per UBS' estimates from 34.6 per cent of GDP in FY12

Covid-19 pandemic to trigger deglobalisation. Can India be the next China?

According to Nomura, unconventional monetary policies will be the new normal, reducing the urgency for fiscal austerity

Bajaj Finance dips 8% after UBS downgrades it to 'Sell', cuts target price

The Covid-19 induced slowdown, UBS believes, could have worse impact on the auto finance segment than demonetissation or global financial crisis, casting shadow on the NBFC's loan segment

Coronavirus: UBS cuts India's FY21 real GDP growth forecast from 5.1% to 4%

"For the full year, we now expect India's real GDP growth to slow further to 4 per cent year-on-year in FY21 (previously 5.1 per cent)," UBS said in a research note.

ICICI Bank gains 3%, hits new high as brokerages raise target price

Foreign brokerage UBS raised its target price for the stock to Rs 620 from Rs 570, while Nomura raised the target to Rs 645 from Rs 610

YES Bank falls 8% from intra-day high ahead of June quarter result

Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.

Current IPO pipeline gives us lot of confidence: UBS India's Anuj Kapoor

The projected economic growth, positive macro drivers, and India's demographic are key drivers for the investment banking business