Clsa

CLSA stays upbeat on Indian IT stocks; check rationale, top picks here

The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent

CLSA, Morgan Stanley urge near-term caution on IT stocks

Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index

CLSA divests 1.2% stake in Edelweiss Financial Services for Rs 100 crore

Capital market and investment firm CLSA on Wednesday trimmed its holding by divesting a 1.2 per cent stake in Edelweiss Financial Services for Rs 100 crore through an open market transaction. Hong Kong-based CLSA through its affiliate -- CLSA Global Markets Pte -- offloaded a little over 1.13 crore shares, or 1.2 per cent stake, in Edelweiss Financial Services, as per the bulk deal data available on the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 88.55 apiece, taking the transaction value to Rs 100.08 crore. After the latest transaction, CLSA's holding through its arm in Edelweiss Financial Services has declined to 4.54 per cent from 5.74 per cent. Meanwhile, US-based Miri Capital Management through its arm -- the Miri Strategic Emerging Markets Fund LP -- bought more than 1.10 crore shares, or 1.16 per cent stake in Edelweiss Financial Services for Rs 98 crore. The shares were picked up at the same price. Details of the other buyers of ..

CLSA initiates on Federal Bank with 'Outperform,' sees 18% upside; stock up

The upward movement in Federal Bank's stock price came after the Hong Kong-based brokerage CLSA initiated coverage on the stock with an 'Outperform' rating.

CLSA, UBS upbeat on Consumer Durables stocks post-Budget 2025; details here

Havells rallied as much as 6.53 per cent to hit an intraday high of Rs 1,669 per share, while Voltas zoomed 5.55 per cent to hit an intraday high of Rs 1,331

Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target

The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans

Tata Motors Q3 disappoints, analysts lower targets, ratings; stock tanks 9%

Tata Motors' consolidated profit for Q3FY25 fell 22.4 per cent year-on-year (Y-o-Y) to Rs 5,451 crore, from Rs 7,025 crore in Q3FY24

Analysts recommend 'Buy' on NTPC post Q3 on strong outlook; details here

On the bourses, NTPC share price dropped as much as 2.84 per cent, hitting an intraday low of Rs 314.50 per share

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations

Jefferies, CLSA, Morgan Stanley retain 'Hold' on HCLTech despite Q3 miss

HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts

Most brokerages bullish on TCS post Q3; CLSA upgrades to 'Outperform'

Analysts have mixed views on TCS following its Q3FY25 performance, with several brokerages highlighting the company's growth potential despite near-term challenges

Here's why foreign brokerages see up to 36% upside in RIL; Q3 nos on Jan 16

Goldman Sachs, Bernstein, CLSA and Jefferies have retained their positive rating on RIL and believe the selling in the stock is overdone at present levels.

CLSA's upgrade to 'high conviction outperform' drives ONGC share 5% higher

The uptick in ONGC share price came after Hong Kong-based capital market firm CLSA upgraded ONGC to 'high-conviction outperform.' CLSA has set a price target of Rs 360 per share.

CLSA 2025 India portfolio: TaMo, NTPC, Nestle, Britannia in; HDFC Bank out

Other stocks in CLSA's 2025 India portfolio include Reliance Industries, Tata Consultancy Services, ICICI Bank, ITC, Axis Bank, ONGC, SBI Life, Hindalco, Jindal Steel & Power and IndusInd Bank

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.