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Best losers of Nifty50
COMPANY
LATEST
PREV CLOSE
LOSS()
LOSS(%)
VOLUME
INDIABULLS HOUS.
1299.70
1340.75
-41.05
-3.06
462252
THE AXIS BANK
556.85
569.65
-12.80
-2.25
12012432
B P C L
387.90
395.75
-7.85
-1.98
1640142
H P C L
282.25
287.60
-5.35
-1.86
1249936
Vedanta
220.90
224,90
-4.00
-1.78
3089288
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Monetary Policy Overview: Will RBI Raise Interest Rates Tomorrow?
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will release its policy statement on Wednesday, August 1, 2018. At this time, repo and reverse repo rates are 6.25% and 6% respectively.
Politics comes in the middle of rising inflation and a fall in the rupee. The widening of the current account deficit during an election year is also a key element that can be monitored by policymakers. So, will the RBI raise interest rates in its next review of monetary policy tomorrow? Click here to find out what research houses and brokerages are looking for.
Reserve Bank of India
Equinomics recommends HPCL
HPCL is trading at an attractive valuation of 7.6 times its FY2019E standalone EPS of Rs.37.8 and 6.6 times its FY2020E EPS of Rs.43.3. We expect HPCL to benefit more from the expected drop in oil prices as it derives more of its margins from oil marketing operations. Therefore, we continue to recommend a call to purchase on HPCL with a target price of Rs.450, which is 10.4x EPS FY2020E of Rs 43.3
Anand Rathi on Dishman Pharma
An integrated CRAMS operator, Dishman's products include APIs, highly potent APIs, intermediates, vitamin D badogs and cholesterol, lanolin-related products, antiseptic and disinfectant formulations. With a focus on improving profitability through a ramp-up in its CRAMS and vitamin D activities, we expect a CAGR of 26% earnings during FY18- 20. On the recent decline in the price of the stock, we improved our rating to a purchase, with a target price of Rs 380. IIFL on Bharti Airtel
In our opinion, Bharti's capacity could increase significantly this year if it deploys 2300 MHz on the majority of its 4G sites that still only operate in 1800. The VoLTE deployment of Bharti in India after completing the return of the network is also positive. We maintain our RMS estimates in steady state, marginally raise Bharti's target price to Rs 456 due to Africa (let's keep buying) and increase JIO's VE from $ 3 to $ 61 billion according to a higher valuation for FTTH. The financial stress of Vodafone-Idea can bring benefits for JIO and to some extent for Bharti. Emkay Global on Bank of Baroda
Slippages during the quarter cooled sequentially to Rs 28.7 billion from Rs 117.7 billion in the last quarter. The cost of credit also dropped to ~ 154bpb against ~ 658bpd in the last quarter. Although the general trend of slippage may subside, credit costs are expected to remain high in the near term.
The coherence of credit is certain; however, the supply remains ambiguous. Reduce our earnings estimates by ~ 53% / 24% for fiscal year 19 / 20E respectively. Maintain ACCUMULATE with the revised price target of Rs149, 1.3x P / FY20E adjusted (0.8x P / B FY20), ~ 9.4x FY20 gains.
Benchmarks are trading lower, Nifty50 slipping below 11,300 levels, investors waiting for the outcome of RBI's third quarterly monetary policy meeting for 2018-19, scheduled for tomorrow.
The six-member central bank monetary policy committee led by Governor Urjit Patel at its June meeting raised the repo rate by 25 basis points to 6.25%, after more than four years.
Retail inflation reached the 5% mark in June, up from 4.87% in May, and went above the revised RBI forecast of 4.8-4.9% for the first half of the current exercise.
higher inflation last month comes against the backdrop of rising global crude oil prices that were over $ 75 a barrel
specific actions will also be in focus with more than 100 companies reporting their June quarter results, including Vedanta, Tata Motors, Blue Dart, UPL and Tech Mahindra among others
The Japanese Nikkei fell by 0.5%. The Kospi index of South Korea fell by 0.1% despite the excellent results of Samsung Electronics in the second quarter, which rose 5.7%.
The broadest index of the Asia-Pacific MSCI remained unchanged at 543.23. shares
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