Big bank outperformer? Analysts see rise of up to 54% for ICICI Bank

New Delhi: Banking stocks have always found buyers in the market, and this is justified. Their fortunes are usually tied to the economy and the Indian economy has arguably grown well over the past few decades. It’s just that elections change every few years. Over the years, that option has been ICICI Bank. The private … Read more

Zee is prime time play. Big turnaround possible on Sony merger: CLSA

NEW DELHI: A binding agreement on the merger of Zee Entertainment and Sony Pictures Entertainment is likely before Christmas, ET reported, and stocks are on the rolls. Foreign brokerage CLSA said the merger could open the door to a huge upside, with Zee’s valuation likely to return to its all-time high of 30x. At that … Read more

Time to book profit on India: CLSA

After Morgan Stanley, Goldman Sachs, UBS and Nomura, CLSA has now called for profit-booking on Indian stocks, citing high chances of earnings disappointment due to profit-booking, pressure on margins and other factors. CLSA said, “Our concerns range from increased energy and broader input price pressures to margin pressure, current account balance and thus currency outlook, … Read more