CLSA believes there’s room for further rate cuts ranging from 25–50 basis points in the entirety of the fiscal, after the Reserve Bank of India on Friday announced a 50 basis point cut in the repo rate, to 5.5%.
Morgan Stanley stated that current steel prices and spreads are unsustainable, and expects imports to rise henceforth.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Monday.
Nomura On Firstsource Solutions
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Maintains ‘buy’ call with a target price of Rs 390.
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Deal wins give strong growth visibility in fiscal 2026.
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Company has issued guidance for 12-15% yearly growth in revenue.
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Firstsource has achieved a $1 billion annual revenue run-rate a year ahead.
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Company has runway to expand margins to15% over the medium term.
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Tech spends would rise on account of generative AI.
Morgan Stanley On Steel Companies
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Domestic steel prices still at premium as compared to import parity.
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Morgan Stanley expects imports to rise henceforth.
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China steel supply reforms have supported stock performance.
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Steel stocks are up year-to-date, fueled by strong domestic demand and interim import safeguard duties.
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Current steel prices and spreads are unsustainable.
CLSA On India Economics
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RBI delivered an above-consensus 50 basis points rate cut, repo now at 5.5%.
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RBI cut CRR by 100 basis points in four tranches till Nov. 2025, adding Rs 2.5 lakh crore in liquidity by Dec. 2025.
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Emphasis on stimulating domestic demand and investment.
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Real GDP in the current fiscal stands at 6.5%, while quarterly estimates in for the next four quarters stand at 6.5%, 6.7%, 6.6%, and 6.3%.
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Guidance cut by 90 basis points for the first quarter to 2.9%, and by 50 basis points for the second quarter to 3.4%.
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Brokerage sees room for further rate cuts ranging from 25–50 basis points in the entirety of the fiscal.
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