Wednesday, November 2, 2016

Morgan Stanley has Rated Various Stocks

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ICICI BANK: Morgan Stanley has equal-weight rating with target increased by 4 percent to Rs 266 per share on given higher life insurance valuations

ICICI PRUDENTIAL LIFE INSURANCE: Morgan Stanley has initiated coverage with overweight rating and target at Rs 365 per share. It says the stock will see a multi-year improvement in profitability

SBI: Morgan Stanley has underweight rating on the stock with target at  Rs 200 per share stating that credit costs may decline but revenue  likely to stay lower for longer. It estimates return on equity (ROE) at 5.9 percent in FY17 and 6.4 percent in FY18 versus 7.7 percent in FY16.


BAJAJ AUTO: Morgan Stanley has underweight rating with target  at Rs 2374 per share as it is facing long-term challenges across  all three key businesses. It sees 19 percent H2FY17 growth for domestic  motorcycles on a low base.


COAL INDIA: Nomura has buy rating on the stock with target unchanged at Rs 345 per share 
Read more at: http://www.moneycontrol.com

Inflation to ease to 4.5-4.75% by March-17; 25-50bp cut likely: Morgan Stanley

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Inflation is expected to moderate to 4.5 per cent to 4.75 per cent by March 2017 and the RBI is likely to go for a 0.50 percentage point cut in this fiscal, says a Morgan Stanley Report.

According to the global financial services major, inflation will remain on a moderating path, with near-term readings likely undershooting RBI's trajectory.

"With our forecast of CPI inflation at 4.5-4.75 per cent for quarter ended March 2017 (lower than RBI's expectation of 5 per cent) and RBI's lower real rate target of 1.25 per cent, we expect a further 25-50 bps of rate cuts by March 2017," Morgan Stanley said in a research note. 

Easing food prices is the key factor driving the moderation in inflation. Other drivers of inflation include -- rural/urban wages, global commodity prices, disinflation from excess capacity, and fiscal consolidation

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Tata Shares downfall as Tata split in two as Cyrus Mistry stays Chairman of Group unit

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Tata group companies have faced problem as the group split in two and as a consequence the market price fall down

Company Name                         Price(Rs)                  Change(from 28-12-12)%                     Change(from 28-12-12) 



Tata Metaliks Ltd.                        378.70                                      316.90                                                    512.78 

Tata Elxsi Ltd.                             1292.95                                     1063.40                                                  463.25                                   
Voltas Ltd.                                   375.35                                        270.25                                                    257.14

Tata Communications Ltd.       629.70                                      392.85                                                    165.86


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