A key factor that could drive IndusInd Bank’s recovery is the appointment of a new CEO with a longer-term tenure, according to Pranav Gundlapalle, Senior Analyst for India Financials at Bernstein. He believes that bringing in an external candidate with stability and credibility could restore market confidence. Bernstein maintains an outperform rating on IndusInd Bank […]
Zomato shares will rise another 39%, Bernstein says, as it builds on quick commerce leadership – CNBC TV18
Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected an upside of 39.2% on the stock from its previous closing price. Company Value Change %Change The brokerage has an “outperform” rating on Zomato with a price target of ₹310 per share, which is slightly higher than its recent […]
Zomato shares off record high, here’s why Bernstein has raised target price – CNBC TV18
The shares of food delivery aggregator Zomato hit a record high in early trade on September 13 but fell almost 3% from those levels intraday. Global brokerage Bernstein, however, has an outperform call on the stock and has raised its target price to ₹330 from ₹275 earlier. This implies it sees a potential upside of […]
Bernstein analyst shares top banking picks – CNBC TV18
Pranav Gundlapalle, Senior Analyst at Bernstein shared his top picks in the banking sector with CNBC-TV18. His top bets are HDFC Bank and IndusInd Bank followed by Axis Bank, ICICI Bank, State Bank of India (SBI) and Kotak Mahindra Bank. Also Read | PM Modi highlights India’s fintech prowess at Global Fintech Fest 2024 Gundlapalle […]
Bernstein lists top picks among private life insurers – CNBC TV18
Bernstein is positive on private life insurers that benefit from strong distribution support from their parent banks. Manas Agrawal, Vice President and Research Analyst listed SBI Life Insurance Company, HDFC Life Insurance Company, and Max Financial Services as their top picks. Agrawal sees an upside of30% in SBI Life stock, nearly 20% in Max Financial, […]
Bernstein favours private insurers; Rates SBI Life, Max Financial, and HDFC Life as top picks – CNBC TV18
Brokerage Bernstein has put the spotlight on private life insurers, rating SBI Life, Max Financial, and HDFC Life as “Outperform” in its latest report. These stocks, according to the firm, offer compelling growth potential with strong returns on the horizon. Bernstein’s target prices point to a 26% upside for SBI Life at ₹2,270, a 29% […]
Market is going to see action in the fundraising cycle, but all won’t be high quality, says Bernstein – CNBC TV18
Even as our broader philosophy is to stay invested, one should alter portfolios in such a way that one doesn’t end up taking risks on low-quality companies, says Venugopal Garre, Head of Research, Bernstein India. Although Garre believes that the market is going to see action in the fundraising cycle, he also cautions that not […]