UBS
Swiggy shares rally 4% as UBS initiates coverage with Rs 515 target price
Swiggy share price: Swiggy shares rose 4% after UBS initiated coverage with a 'buy' rating and target price of Rs 515, citing growth potential in online food delivery and quick commerce amid improving margins.
SBI, M&M and Hindalco poised for double-digit returns in 2025: Rahul Shah
?What we feel that PSU basket holds the topmost allocation as a PSU as a whole PSU banks earnings if we look at it last three-four year versus the earnings which they reported this quarter, most of the banks reported very strong earnings in terms of asset quality, in terms of if we look at NIMs or in terms of any other area and growth if we talk about.
S&P Global Ratings cut growth projections for China over Trump's tariffs threat
S&P Global Ratings has downgraded China's GDP growth forecast for 2025 and 2026, citing potential negative impacts from US President-elect Donald Trump's proposed tariffs on Chinese exports. Other financial institutions like UBS and Barclays also lowered their growth projections, anticipating weaker exports and investment due to the trade tensions. China has implemented stimulus measures to counter these economic headwinds.
Hot Stocks: Global brokerages see 14-30% upside in RIL, SBI & L&T; time to buy?
Brokerage firms are optimistic about key Indian stocks. UBS maintains a neutral stance on Larsen & Toubro, citing potential in Middle East projects. JPMorgan remains overweight on Reliance Industries, driven by improved refining margins and solar ventures. Jefferies reiterates a buy rating for State Bank of India, highlighting robust asset quality and a strong market position.
Gold¡¯s rally far from over! Yellow metal poised for growth, new highs projected in 2025: UBS
¡°We maintain our bullish gold outlook and expect to see new highs in 2025, though year-on-year gains are likely to be slower than 2024. There is still room for strategic gold allocations to rise and this should keep driving gold prices higher,¡± said Joni Teves, Precious Metals Strategist at UBS Investment Bank.
UBS joins GS in forecasting gold's rally isn't over yet
There's likely to be a period of consolidation due to the stronger dollar and concerns over the potential for more US fiscal stimulus to lead to higher rates before the precious metal starts climbing again, UBS analysts including Levi Spry and Lachlan Shaw said in a note. Bullion would rise a little further, to $2,950 an ounce, by the end of 2026, they said.
Hot Stocks: Brokerages see 11-30% upside in Apollo Tyres, Eicher Motors & L&T
Global brokerage firms, including Goldman Sachs, have highlighted promising investment opportunities in key stocks. Goldman Sachs, in particular, has expressed continued confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and solid performance indicators for both companies.
US scrutinises Russia accounts UBS took over from Credit Suisse: Sources
The United States Office of Foreign Assets Control (OFAC) is investigating UBS over potential sanctions violations related to Russian clients inherited from its acquisition of Credit Suisse. UBS is cooperating with the inquiry and taking steps to mitigate potential penalties, including isolating and closing accounts deemed high-risk.
ETMarkets Smart Talk: US policy changes could benefit Indian IT sector; Utilities and Industrials favored by UBS
Despite the correction, valuations reman elevated, especially for small caps. Markets were anticipating a weak 2Q earnings season, but the actual numbers were worse than these weak expectations.
More earnings cut could be in the offing, warns Sunil Tirumalai of UBS
Since the announcement of stimulus in China, India has underperformed EM by ~7%. Despite the underperformance India still screens expensive (down to 70% premium to EM ¨C vs 10 year average of 35%). Of course ¨C this misses the fact that the growth profile for Indian stocks has weakened recently. Seen differently, for the same fundamentals and growth, Indian stocks demand 90% higher valuations. We can become constructive on Indian equities at slightly better valuation levels.
UBS pilots blockchain-based payment system
In the pilot, transactions were carried out with multinational clients and banks, including domestic transactions in Switzerland and cross-border payments in US dollars, Swiss francs, euros and Chinese yuan, UBS said in a statement.
Hot stocks: Brokerage view on L&T, Dabur and Mastek
Brokerage firms such as Bernstein, Goldman Sachs, UBS, and Macquarie have issued various ratings on L&T, Dabur, and Mastek. Bernstein rates L&T as outperform with a target of Rs 3,891. Goldman Sachs and UBS maintain neutral ratings on Dabur and L&T, respectively. Macquarie marks Mastek as outperform, targeting Rs 3,320, post positive acquisitions and strong Q2 results.
Bharti Airtel falls 3% despite strong Q2 results. What's D-Street looking for?
Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.
Hero MotoCorp seen as a rural proxy, says UBS as it cuts target price
UBS cut the target price of Hero MotoCorp to Rs 3,300, reiterating their 'sell' rating. The market appears to like Hero as a rural proxy, while expecting a rural demand revival and a turnaround in its premium 2-wheelers. UBS believes the market is too optimistic regarding Hero's rural moat.
FPIs Societe Generale, UBS and Tiger Pacific reduce stakes in Paytm below 1%
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia brought their holdings in One 97 Communications below 1% in the September-ended quarter. Shares of Paytm dropped to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%.
UBS initiates coverage on Ramkrishna Forgings with 'Buy' rating, sees 46% upside
UBS initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating a 46% upside potential. The firm has transitioned to a comprehensive assembly solution provider, enhancing its growth prospects. Recent earnings show a 3% profit increase to Rs 81 crore in Q1 FY25, while stock has risen 49% in six months.
UBS buys 81 lakh shares of IDFC for Rs 88 crore via block deal ahead of stock's suspension from Thursday
UBS bought 81 lakh shares in IDFC Limited for Rs 88 crore. IDFC Limited will be suspended from trading on Thursday, the record date for its merger with IDFC First Bank. Post-merger, IDFC First Bank's weightage in Bank Nifty will increase, attracting $39 million in passive funds.
UBS picks 2 pharma stocks that are likely to give 23-26% returns
??Ascribing sell ratings to Lupin, Dr Reddy¡¯s Laboratories, Zydus Lifesciences and Aurobindo Pharma, the brokerage said the US generic market has been declining and the pace could worsen.
Dabur shares drop 5% after UBS downgrades to 'Neutral' on valuation concerns
Shares of Dabur dropped 5% to Rs 622 during Wednesday's intraday trading on the BSE after global brokerage UBS downgraded the stock from 'Buy' to 'Neutral.' Despite this downgrade, UBS raised Dabur's target price from Rs 650 to Rs 700. The brokerage cited concerns over high valuations and potential risks to beverage sales growth, along with increasing competition from cola drinks and coconut oil brands
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