Page 2 - Ubs India

UBS Group buys IDFC shares worth Rs 88 cr through open market transaction

Swiss financial services company UBS Group on Wednesday bought shares of IDFC Ltd for Rs 88 crore through an open market transaction. According to the bulk deal data available with the NSE, UBS through its arm UBS Principal Capital Asia purchased 81,48,705 shares or 0.51 per cent stake in IDFC Ltd. The shares were acquired at an average price of Rs 107.92 apiece, taking the transaction value to Rs 87.94 crore. Details of the sellers of IDFC's shares could not be ascertained on the National Stock Exchange (NSE). Shares of IDFC fell 1.09 per cent to close at Rs 108.78 apiece on the NSE. Last month, IDFC First Bank announced the completion of the merger of IDFC Ltd with the bank. Post the amalgamation, there will be a simplified corporate structure at the Bank with no holding company. In July 2023, IDFC First Bank announced the merger of its parent IDFC Ltd with itself in an all-stock transaction, marking another major deal in the Indian banking space days after the amalgamation of

TVS Motor's new 'Jupiter' is significant upgrade, says UBS; raises target

UBS believes TVS Motor's New Jupiter is a significant upgrade over the old model and peers

Why UBS thinks Shyam Metalics needs better valuation; Initiate with 'Buy'

UBS reckons the market is not fully appreciating Shyam Metalics' integrated operations

Polycab India shares rise 3% after UBS initiates 'buy'; check out target

UBS is bullish on Polycab India on the back of better-than-expected domestic volume growth, domestic market share gains, and a distribution-led export business model

Yen carry trade, US recession threat: How brokerages interpret developments

India, analysts said, remains in a relatively better position amid strong fundamentals. Though valuations remain a concern, investors can use markets correction to buy quality stocks for the long-term

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

Never late to the party with growth's long runway: Gautam Chhaochharia

Chhaochharia discusses factors impacting the markets and the economy

India may sustain 6.5-7% GDP growth between FY26 & FY30, says UBS

Inflation likely to be lower than RBI's 4.5% FY25 forecast

Lok Sabha 2024 poll result on June 4:Brokerage expectation, market strategy

Here's how leading foreign and domestic brokerages have interpreted the Lok Sabha 2024 election-related developments thus far, their poll outcome scenarios and market strategy

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest

Sell smallcap, midcap stocks; markets will offer buy-on-dip opportunities: UBS

Among sectors, UBS prefers domestic-linked sectors such as automobiles, consumer durables, industrials / infrastructure, utilities, and real estate

UBS reports income of $1.8 bn; 1st profit since Credit Suisse takeover

The group's wealth management arm reported $27 billion in net new assets for the first quarter of the year, compared to $22 billion for the three months prior

UBS still examining the risk of misstatement in Credit Suisse's books

A "material weakness" in how Credit Suisse reported its numbers could signal a significant misstatement in the financial statements

Top 10 companies command a third of India's market capitalisation

According to experts, if a company or sector dominates the market, there is a risk that the market could collapse if anything goes wrong with the sector or the company

RIL-Disney 'game-changing' deal gets a thumbs-up from analysts

The development will be negative for other players such as Zee, analysts said, who will now have to compete with a much larger entity

Equity investors make best returns when interest rates decline: UBS

Equities have dominated bonds, while bonds have outperformed treasury bills

Gautam Chhaochharia appointed as UBS's head of global markets in India

Chhaochharia began his stint at UBS as an analyst covering midcaps and became the head of research in 2013

Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

UBS upgrades India's FY24 real GDP growth estimate marginally to 6.3%

Foreign brokerage UBS on Wednesday upgraded its FY24 real GDP growth estimate marginally to 6.3 per cent. The brokerage's chief India economist Tanvee Gupta Jain said domestic economic activities are fairing better than expected, but added that managing the macro risks and next year's General Elections are the key factors to watch out for. "We expect growth momentum in the near term to get support from higher household spending during the ongoing festive season, buoyant credit growth and reallocation of government spending towards pro-rural pro-social schemes ahead of a tight election calendar, she said. Jain said she's upping her expectations despite slower global growth but added that the revised estimate is lower than the 6.4 per cent consensus. It can be noted that the Reserve Bank has estimated growth to come at 6.5 per cent for FY24, while Governor Shaktikanta Das recently said that the number for the July-September 2023 period will surprise on the upside. Jain said going ..

UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion

The probe is still at an early stage and may not result in charges or a settlement, the people said