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Unilever`s India arm falls after costs hit quarterly profit Shares of consumer goods major Hindustan Unilever fell as much as 2.4% on Friday after reporting a smaller-than-expected increase in June-quarter profit, hurt by higher costs and tepid demand for branded tea. "There has been a perceptible pick-up in competitive intensity across some categories, especially at the mass end, as inflation cooled-off," analysts at Jefferies wrote in a note. HUL was hit by the competition from local and regional players which re-entered the market, ...
Unilever`s India arm falls after costs hit quarterly profit
Unilever`s India arm falls after costs hit quarterly profit
Source: Reuters
21/07/2023 10:12:51 AM
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources  Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said. The Indian REIT of one of the world's largest alternative asset groups Brookfield manages 18.7 million square feet (1.7 million square metres) of office parks and buildings in cities such as Mumbai, Kolkata and Gurugram near New Delhi. Its tenants i...
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Source: Reuters
5/06/2023 11:07:51 AM
Jefferies sees softer impact of Credit Suisse crisis on India  India's banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender's relatively small presence in the country, equity analysts at Jefferies said on Thursday. Credit Suisse has a 1.5% share among foreign banks' assets in India and a 'small' 0.1% share of overall banking assets in the country, Jefferies estimated. It has only 1 branch in India and total assets of over 200 billion rupees ($2.42 billion), it said. &qu...
Jefferies sees softer impact of Credit Suisse crisis on India
Jefferies sees softer impact of Credit Suisse crisis on India
Source: Reuters
16/03/2023 5:13:07 PM
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies As hospitality major OYO firms up plans for its initial public offering (IPO), financial services company Jefferies says that while the company saw one of the strongest first quarters in many years, there are some challenges that it needs to address to maintain growth momentum. According to the report the two major factors that have helped OYO improve unit economics as it turned EBITDA (adjusted) positive in the first quarter of FY23 is the broad-based improvement in travel trends and busi...
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
Source: IANS
13/10/2022 12:25:51 PM
Countries like India with large forex reserves will closely watch freeze on Russia's $643 bn reserves The freezing of Russia's $643 billion of foreign reserves has longer term ramifications on how other countries like India with large foreign exchange reserves will view the matter if, one day, they are suddenly deemed to be out of favour in Washington, Christopher Wood analyst at Jefferies said in a report. There is an air of Western triumphalism in the air as regards the effectiveness of Western sanctions against Russia, most particularly the freezing of Russia's $643 bn of foreig...
Countries like India with large forex reserves will closely watch freeze on Russia's $643 bn reserves
Countries like India with large forex reserves will closely watch freeze on Russia's $643 bn reserves
Source: IANS
11/03/2022 5:18:59 PM
Zomato earnings release remains opaque, lacks substance and describes only selective aspects of the business: Jefferies The Zomato third quarter earnings release remains opaque, lacks substance, and describes only selective aspects of the business, foreign brokerage, Jefferies said in a report. "Lack of management call leaves a lot to the imagination and our inexperience with the Internet sector does not help either," Jefferies added. "We continue to believe that management should face tough investor questions through an earnings call rather than providing abstract details on the business,...
Zomato earnings release remains opaque, lacks substance and describes only selective aspects of the business: Jefferies
Zomato earnings release remains opaque, lacks substance and describes only selective aspects of the business: Jefferies
Source: IANS
12/02/2022 10:19:04 AM
Risk-reward for India steel far inferior to a year ago: Jefferies Foreign brokerage Jefferies has downgraded Indian steel stocks and said it finds risk-reward for the country's steel far inferior to a year ago. "After a very positive stance on the Indian metal sector since September 2020, we believe it's time to turn cautious on steel," Jefferies said. "We believe margins for Indian steel companies have peaked and will fall sharply by FY23, although still settle above the last 10-year average. We cut FY23 EPS for TATA/JSW Steel ...
Risk-reward for India steel far inferior to a year ago: Jefferies
Risk-reward for India steel far inferior to a year ago: Jefferies
Source: IANS
11/01/2022 2:13:57 PM
Jefferies reiterates buy on RIL with target of Rs 2,950 Foreign brokerage Jefferies expects RIL's under-performance to reverse and has reiterated Buy with Rs 2,950 price target, with a 21 per cent potential upside. RIL under-performed Nifty by 5 per cent in CY21. We forecast 23 per cent EPS CAGR for RIL, ahead of the Nifty Consensus EPS CAGR of 16 per cent over FY22-24E, the report said. While Reliance Retail (RR) continued to scale up in the last two years, its growth trajectory was impacted by Covid-19 disruption. Rising Covid cases...
Jefferies reiterates buy on RIL with target of Rs 2,950
Jefferies reiterates buy on RIL with target of Rs 2,950
Source: IANS
10/01/2022 9:09:36 AM
India's structural bull story intact with new residential property cycle commencing The structural bull story remains in place with growing evidence that a new residential property cycle has commenced after a seven-year downturn despite the setback triggered by the Delta wave, says Christopher Wood of Jefferies. In his commentary titled Greed and Fear, Wood says pre-sales across the top seven cities rose 23 per cent MoM and 41 per cent YoY in July based on data from PropEquity. Also property registrations, indicating completed transactions, for the months of July-Sept...
India's structural bull story intact with new residential property cycle commencing
India's structural bull story intact with new residential property cycle commencing
Source: IANS
24/09/2021 3:33:54 PM