Ubs Securities

UBS raises India's FY26 GDP forecast to 6.4% after strong Q4 growth

UBS ups India's economic growth outlook on strong Q4 performance, rural demand rebound, easing trade tensions, and low oil prices

How India has gradually lowered its reliance on Canada for pulses imports?

Canada's share in total Masur imports has dropped to almost 38 percent when it comes to matar while it has come down to just around 31 percent

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

BJP manifesto may bode well for business sentiment in India: UBS Securities

Implementing poll promises in the Congress manifesto would entail an additional fiscal cost of 2-3.3 per cent of the gross domestic product, it said in a note

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

Demand pressures may hit near-term realisations of Page Industries

The December quarter performance was impacted by the weak showing in the athleisure category

India's current account deficit likely to narrow below 1% in FY24

CAD implies the country is importing more goods and services in value than exports

UBS is underweight on Indian equities within EM/Asia: Sunil Tirumalai

Valuations in India, he said in this interview, are pricing a lot more 'sentiment' premium than what fundamentals of the stocks can explain

UBS Securities red flags retail loans, sees credit cost rise up to 200 bps

Banks for many years have been riding on the retail book as corporate demand still remains anemic

Manufacturing push can add 50-100 bps to GDP till 2030: UBS Securities

The aggressive manufacturing push, especially in the electronics space, driven partly by the relocation of Asian supply chain away from China, is unlikely to yield any tangible results to India's growth at least in the next three years, according to a foreign brokerage. Tanvee Gupta-Jain, the chief economist at UBS Securities India, said that if the country continues to benefit from the supply chain shifts away from China and structural reforms, GDP should rise to 6.25-6.75 per cent annually by 2030 under an optimistic scenario and generate up to 4 million jobs annually. In the most optimistic scenario, the growth is likely to be 6.75-7.25 per cent. According to Gupta-Jain, the present manufacturing push under the various PLI (Production Linked Incentive) schemes, particularly for electronics, is unlikely to yield any major benefit to GDP or exports. This is because at present, there is no economies of scale in the absence of a manufacturing ecosystem wherein components are also ..

Cautious on India despite looming liquidity tailwind: UBS' Sunil Tirumalai

Sunil Tirumalai, strategist, UBS Securities India, says India's high valuations and a depreciating rupee could act as headwinds for the domestic markets

UBS upgrades RIL scrip to Buy from Neutral, sees up to 30% upside in a year

According to UBS, the key among Reliance Industries' stock price performance drivers are new investment opportunities to deploy large cash flows profitably.

For FIIs, India becoming less and less attractive: Sunil Tirumalai

The recovery from lockdowns has been reasonably good without any big government stimulus, says Tirumalai

UBS revises India's GDP growth forecast to 9.5% from 8.9% for FY22

The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent. The government projection is around 10 per cent.

Indian equities seen lagging other EM peers in the next few months

UBS, Credit Suisse see emerging markets doing well next year, but expect India to underperform, given its rich valuations

Caught between divulging views, HDFC Bank stock closes in the red

US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance

'Foreign investors have started questioning India's growth story'

There could be some pain in the next two-three quarters given how Covid-19 situation pans out

Coronavirus likely to impact India's March-qtr GDP growth by 0.2%: Report

Two cases tested positive for the coronavirus infection in India on Monday, after the initial set of three cases in Kerala were successfully treated

Strategic privatisation can fund fiscal needs for 15-20 yrs: Chhaochharia

The value of a strategic privatisation could easily be two to three times these companies' typical valuation

Despite surcharge rollback, near-term flows may remain muted: Chhaochharia

Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction