Daily Alerts |
Company alerts |
Torrent Pharmaceuticals: No quick fix in sight |
| US scale-up has benefitted from Abilify | | A quick fix is not easy, as TRP misses out on several M&A deals | | Expect pressures on profitability from FY2017 - REDUCE |
|
Sector alerts |
Automobiles: Seventh Pay Commission particularly positive for passenger vehicles |
| Cabinet approves 7CPC recommendations; states will amplify the stimulus effect over 2-3 years | | Expect 5% incremental demand for PVs due to salary increases by central government | | Strong medium-term growth prospects for passenger vehicle industry; Maruti key beneficiary |
|
Banks/Financial Institutions: Minor changes to trend levels |
| Marginal increase in gap; could be due to timing issues | | Actuarial losses jump sharply; assumptions have changed marginally | | Employee mix changing positively leading to a decline in age and maturing retirement plans | | 35-45% of employees in defined contribution; average staff costs have probably peaked |
|
Technology: A steady quarter but challenging outlook |
| 1QFY17 - strong revenue growth for Infosys and TCS, cross-currency tailwind of 10-40 bps | | EBIT margin to decline sequentially due to visa costs, rupee appreciation and wage revision | | Incorporate revised currency and Brexit impact in our forecasts |
|
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