1 / 4CLSA on HDFC Bank | The management commentary suggested that retail and commercial growth will continue to accelerate, CLSA said. The brokerage expects a compounded annual growth of 18 percent in earnings over FY21-24.
2 / 4Morgan Stanley on HCL Technologies | Lack of uptick in growth guidance and headwinds to margin pose a risk to earnings expectations, Morgan Stanley said. The brokerage noted that the revenue growth gap is widening as compared to peers.
3 / 4Credit Suisse on Avenue Supermarts | The brokerage has downgraded its rating on the company's stock to 'underperform' as Credit Suisse believes the valuations are extremely stretched.
4 / 4Morgan Stanley on Avenue Supermarts | The brokerage believes one should await a better price for re-entry in the stock. Given the strong trailing stock performance, Morgan Stanley has downgraded the stock's rating to 'underweight'.
