World Economy and Markets    
TREND | 19 Jun 2019, 12:00AM
Axis Direct
Asian markets were trading higher tracking cues from Wall Street overnight on the back of positive developments on the U.S.-China trade front. Nikkei is trading lower by 1.66%, Hangseng is trading higher by 2.37% and Shanghai is trading higher by 1.32%. Indian indices are expected to open in the gre
Axis Direct released a report for World Economy and Markets on 19 Jun, 2019.
World Economy and Markets    
TREND | 18 Jun 2019
Axis Direct
Asian markets were trading mixed tracking cues from Wall Street overnight while focus remains on upcoming Fed Reserve Meeting. Nikkei is trading lower by 0.27%, Hangseng is trading higher by 0.70% and Shanghai is trading higher by 0.02%. Indian indices are expected to open in the green and focus wi
Axis Direct released a report for World Economy and Markets on 19 Jun, 2019.
Can Fin Homes Ltd.    
18 Jun 2019
343.90
-1.32%
buy
Axis Direct
CANF reported ~17% loan book growth and NII at ~ Rs 138cr, up 5%YoY. Asset quality remained benign. Revival in fresh disbursements was witnessed during the quarter, up ~18%QoQ.
Axis Direct decreased Hold price target of Can Fin Homes Ltd. to 368.0 on 18 Jun, 2019.
Steel Strips Wheels Ltd.    
18 Jun 2019
783.95
-0.89%
Axis Direct
Steel Strips Wheels Limited's (SSWL) posted revenues of Rs 527 Cr. (? 22% Y-o-Y, ?9% Q-o-Q) in Q4FY19. The EBITDA margins compressed by 237bps YoY due to rise in raw material cost and negative operating leverage while PAT was reported at Rs 19.9 Cr.
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Steel Strips Wheels Ltd. average weekly volume is high.
I G Petrochemicals Ltd.    
18 Jun 2019
252.00
-0.40%
Axis Direct
IG Petrochemicals (IGPL) in Q4FY19 posted flattish revenues at Rs. 313Cr. Although volume grew 7% for PAN and +77% for MA on a YoY basis while significant decline in PAN/OX spreads led revenues to remain flat YoY.
I G Petrochemicals L.. has an average target of 550.33 from 4 brokers.
Hexaware Technologies Ltd.    
17 Jun 2019
360.60
-1.39%
HDFC Securities
We increase rev estimates by 5.6/9.2% for CY19/20E factoring the acquisition and lower organic growth in CY20 (loss of a large net-new deal). Our CY20E EPS is unchanged (14.5% EPS CAGR over CY18-21E). Maintain BUY, with TP of 440, 16x Jun-21E EPS. Organic acceleration is expected in 2HCY19, supported by strengthening of the Adobe/Pega ecosystem and on deal momentum. Hexaware has acquired Mobiquity Inc. for an all-cash consideration of USD 182mn (at 2.6x EV/rev). Mobiquity is a design and digital consulting firm (USD 70mn rev, growing at 24% CAGR) supported by strong partnerships with AWS and Backbase.
Hexaware Technologies Ltd. is trading above it's 200 day SMA of 354.91
Bharti Airtel Ltd.    
17 Jun 2019
343.45
0.96%
Motilal Oswal
Bharti Airtel (BHARTI) has set a price band of USD1.0-1.3 (GBP0.8-1.0) for its Africa business IPO. This will lead to post issue equity dilution of 16-19%, leaving BHARTI's stake at 55-57%.
Motilal Oswal released a IPO Note report for Bharti Airtel Ltd. on 17 Jun, 2019.
Coal India Ltd.    
17 Jun 2019
258.30
0.62%
Motilal Oswal
According to COAL, India will continue depending on coal to secure its energy needs over the next 10-20 years, particularly considering the country's low per capita electricity consumption and the government???s focus on assuring '24x7' power supply.
Coal India Ltd. is trading above all available SMAs
Indian Hotels Company Ltd.    
17 Jun 2019
146.75
-0.17%
Motilal Oswal
As part of its 'Aspiration 2022' strategy, IHIN aims to reduce costs by 3-5pp via-initiatives such as (a) entering into an arrangement that will save power cost to the tune of INR70m/year for Taj Lands End and Taj Mahal Hotel and (b) providing shared services to hotels located in vicinity
Indian Hotels Company Ltd. is trading below it's 30 day SMA of 148.39
Coal India Ltd.    
17 Jun 2019
258.30
0.62%
buy
ICICI Securities Limited
The management has set a volume guidance of 660 million tonnes (MT) for FY20E, implying volume growth of 8.7 (CIL's FY19 production volume at 606.9 MT). Majority of CIL's volume growth is likely to be...
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Coal India Ltd. has an average target of 293.57 from 8 brokers.