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Credit Suisse said it was concerned about LIC Finance’s high leverage and low provisions, but Jefferies expected cement demand to improve this month.
1 / Four
Scient | Morgan Stanley has made an ‘overweight’ call with a price target of 700 rupees on Scient shares. The brokerage sees reducing the company’s investment in his DLM business as a positive move.
2 / FourOil & Gas | The CLSA said the sudden increase in tax revenues could cut Brent oil prices by $5 a barrel to $4 a barrel. Brokers also see Indian oil giant ONGC as a top buy.
3 / FourFinancial companies other than banks | Credit Suisse says it is concerned about LIC Finance’s high leverage and low reserves. We also believe LIC housing finance and AB finance will be adversely affected by size-based regulation.
Four / FourCement | According to Jefferies, September 2022 exit prices are 1% above the quarterly average. He added that he expected an improvement in cement demand this month.