Page 2 - Clsa
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.
 "CLSA raises DMart target price, sees 14% upside, says report; stock gains")
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
 "Paris Olympics 2024: Gold, Sensex dazzle since Tokyo 2021 games, CLSA says")
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
 "Brokerages on board with Budget but for capital gains tax curveball")
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 says Zomato is growing faster than Swiggy, sees 25% upside")
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 thinks pvt banks may outperform PSBs ahead; check reasons, top picks")
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
 "CLSA sees further re-rating scope in Vedanta; stock rises over 2%")
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.
 "How to trade Modi stocks ahead of LS election results? Complete guide here")
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
 "RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?")
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
 "Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high")
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.
 "CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks")
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
 "BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?")
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
 "Vedanta soars 8%, hits 23-month high on heavy volumes; zooms 45% in 4 weeks")
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
 "Vodafone Idea stock may more-than-half amid subscriber churn: CLSA")
Zomato hits new high in subdued market; stock zooms 55% thus far in CY24
In the past one year, Zomato's stock price has appreciated nearly four-times or 270 per cent from a level of Rs 51.75.
 "Zomato hits new high in subdued market; stock zooms 55% thus far in CY24")
Brokerages see up to 25% upside for ITC post BAT stake sale
With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.
 "Brokerages see up to 25% upside for ITC post BAT stake sale")
Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low
CLSA downgrades Asian Paints to 'sell'
 "Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low")
HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline
Analysts at CLSA believe that HPCL, BPCL and IOC were pricing-in much higher than historical marketing margins, and a notable premium to the global peers
 "HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline")
Zomato zooms 5%, nears record high after CLSA raises target price by 22%
CLSA maintained its 'buy' rating on Zomato and lifted the target price from Rs 181 to Rs 227 per share.
 "Zomato zooms 5%, nears record high after CLSA raises target price by 22%")
India leads in valuation premium but not in EPS growth, shows data
As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average
 "India leads in valuation premium but not in EPS growth, shows data")
