Latest news with #CLSA
Mint
2 hours ago
- Business
- Mint
FPIs pump ₹19,000 crore in Indian stock market in May, highest since Sept. Will the trend sustain?
Improved domestic fundamentals, rising corporate earnings, and a weaker US dollar kept foreign investors bullish on Indian stocks for the second straight month in May, cementing India's position as Asia's favoured equity market. In May, FPIs bought Indian stocks worth ₹ 19,686 crore through the exchanges, marking the highest monthly inflow since September, when they had pumped in nearly ₹ 50,000 crore. FPIs turned into net buyers in April by infusing ₹ 4,223 crore, according to the depositories data. Before this, foreign portfolio investors (FPIs) had pulled out ₹ 3,973 crore in March, ₹ 34,574 crore in February, and a substantial ₹ 78,027 crore in January. Domestic institutional investors also remained net buyers in May, investing ₹ 47,441 crore. Strong inflows from both domestic and foreign investors pushed the Nifty 50 and Sensex to a 7-month high during the third week of May, helping both indices extend their winning streak to a third straight month and recover most of the losses incurred during October and February. Having largely been sellers in the months following Indian benchmarks hitting record highs in September, foreign investors turned bullish on Indian stocks in April. This shift was driven by growing optimism that India's domestically driven economy is better positioned to weather the global trade slowdown compared to its peers. The sustainability of FPI inflows, as per the analysts, remains uncertain amid ongoing global trade tensions. While these tensions have eased in recent weeks, they could flare up again in the near term, as the 90-day pause on tariffs is set to end in July. Major export-driven economies are feeling the pressure and are currently in talks with the U.S. to finalise trade agreements. India-U.S. trade talks are scheduled for June 5–6, 2025. Meanwhile, India is also proactively forging Free Trade Agreements (FTAs), having recently signed a deal with the UK, and is currently in discussions with the European Union. Nevertheless, risks to FPI inflows persist—including rising U.S. bond yields, which have surged recently amid concerns over the U.S. fiscal outlook, potential earnings downgrades, and geopolitical shocks—all of which could derail the positive momentum. CLSA has cautioned that India's 'safe haven' status could fade if U.S.-China tensions de-escalate. Ultimately, whether FPIs continue to invest will depend on global factors such as U.S. monetary policy and India's ability to maintain earnings growth. While the current buying spree reflects strong investor confidence, history suggests that FPI flows can be highly sensitive to shifts in the global economic landscape, as per the experts. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
6 hours ago
- Automotive
- Time of India
Top stocks to buy or sell today: Stock recommendations for June 2
This a representative AI image CLSA has an outperform rating on Bajaj Auto with the target price at Rs 10,149. Analysts said that in the Jan-March quarter, the two-wheeler major's EBITDA margin was flat on a quarterly basis and in line with the estimates, its revenue growth was led by increase in volumes and price increase, led by product mix. Analysts expect 7% volume growth in two wheelers and 12% growth in exports in this fiscal. Goldman Sachs has a buy on Ola Electric with the target price at Rs 70. Analysts feel the sharp dip in revenues was mainly because the decision to bring vehicle registrations in-house represented a larger-than-expected impact to Jan-March quarterly volumes. The management clarified that E-Motorcycles are now being delivered to customers since last week. It also indicated that it expects to achieve auto-biz EBITDA break even in the second quarter of FY26. Battery cell manufacturing yields are presently at 63% and the management indicated that it will start putting these cells into its own two wheelers once yield reaches 80%-plus. Jefferies has an underperform rating on Alkem Laboratories with the target price cut to Rs 4,460. Analysts said the company missed Jan-March quarterly estimates on lower margins. After 18 months of margin improvement, the company is pivoting towards accelerating growth, they said. Led by higher growth in India, the company guided for high-single digit overall revenue growth in FY26 and double-digit for FY27. Morgan Stanley has an overweight rating on Suzlon with the target price at Rs 77. Analysts said that at the conference call with analysts, the management have wind turbine generator volume (WTG), revenue, EBITDA and PAT guidance of 60% growth on an annualized basis. WTG segment contribution margin guidance was at 23% while for tax rate it was at around 25%. The company also gave a capex guidance at Rs 400 crore – Rs 450 crore. JP Morgan has maintained its overweight rating on Godrej Consumer with the target price at Rs 1,365. Analysts said household insecticides growth trajectory should improve over the medium term; air care and hair colour businesses have a long runway of healthy growth. They also feel accelerated scale up will be seen for liquid detergents, deodorants and body wash, and India margins would return to normalcy in the second half of the current fiscal. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Insider
a day ago
- Business
- Business Insider
Mitsubishi Chemical Holdings (MTLHF) was downgraded to a Hold Rating at CLSA
In a report released yesterday, Yifan Zhang from CLSA downgraded Mitsubishi Chemical Holdings (MTLHF – Research Report) to a Hold, with a price target of Yen800.00. Confident Investing Starts Here: According to TipRanks, Zhang is an analyst with an average return of -4.0% and a 64.71% success rate. Zhang covers the Basic Materials sector, focusing on stocks such as Kansai Paint Co, Nippon Paint Holdings Co, and AGC. The word on The Street in general, suggests a Hold analyst consensus rating for Mitsubishi Chemical Holdings.
Business Insider
a day ago
- Business
- Business Insider
CLSA Reaffirms Their Sell Rating on Nintendo Co (NTDOF)
In a report released yesterday, Jay Defibaugh from CLSA maintained a Sell rating on Nintendo Co (NTDOF – Research Report), with a price target of Yen8,600.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Defibaugh is ranked #8060 out of 9552 analysts. Currently, the analyst consensus on Nintendo Co is a Moderate Buy with an average price target of $88.53.
Business Insider
a day ago
- Business
- Business Insider
CLSA Remains a Buy on Capcom Co (CCOEF)
In a report released yesterday, Jay Defibaugh from CLSA maintained a Buy rating on Capcom Co (CCOEF – Research Report), with a price target of Yen4,600.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Defibaugh is an analyst with an average return of -6.5% and a 39.29% success rate. In a report released on May 27, J.P. Morgan also maintained a Buy rating on the stock with a Yen5,100.00 price target. CCOEF market cap is currently $12.71B and has a P/E ratio of 39.28.
