INSUBCONTINENT EXCLUSIVE:
Foreign brokerage firm CLSA has projected Nifty earnings to grow by 25 per cent during FY20 compared to last eight-year average earnings
the three oil-marketing companies, Tata Motors and Vedanta
ET takes a look at what analysts believe is in store for these eight companies which CLSA forecasts are likely to be the biggest drivers of
Nifty earnings.
ICICI BankAnalysts expect reduction in credit costs to be a big driver for banks, including ICICI Bank
FY20 will see normalization of credit costs which will be a big driver of growth for both
at Macquarie.
Bharti AirtelTelecom companies could take tariff hikes now that the industry has turned into a mainly three player market
It will deliver stellar earnings from the March quarter
Morgan Stanley has an overweight rating on the stock with a target price of Rs 350.
VedantaCLSA likes Vedanta due to its attractive dividend
yield and expects the company to witness strong earnings growth in FY20
However, ICICIdirect is not as bullish
The brokerage has a hold rating on Vedanta with a target price of Rs 220
Nonferrous prices have witnessed volatility and declined primarily on account of uncertainty over global trade due to trade friction between
The brokerage believes that cost dynamics of the aluminium segment will continue to impact the overall profitability.
Oil Marketing CosIt
may be a sector that CLSA expects to be one of the biggest drivers of Nifty growth and the companies have benefited from the fall in lower
oil prices but analysts on the Street are sceptical of the gains sustaining
He does not see major positive earnings triggers for oil marketing companies in the medium term.
Tata MotorsSanjiv Bhasin of IIFL believes
that Tata Motors will be a dark horse in terms of earnings
However, Edelweiss Securities has a hold recommendation on the stock and it has even cut target price on the company to Rs 204 from Rs 251
