BofA Securities Archives

Europe doubling down on defence spending after being snubbed during US-Russia talks: Benjamin Heelan

3 June 2025 by Admin

Benjamin Heelan, MD, BofA Securities, says Europe’s increased defense spending is spurred by exclusion from US-Russia peace talks regarding Ukraine. Anticipate a significant rise in European defense investment, potentially reaching an additional $370 billion if nations commit 3.5% of their GDP to defence. In the commercial aerospace sector, the demand environment is pretty healthy as … Read more

Hot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M

31 May 2024 by Admin

We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more

Hot Stocks: Brokerage view on Biocon, Info Edge, LIC Housing; Jefferies upgrades M&M

17 May 2024 by Admin

Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more

SBI plans to raise $750 million via overseas bond issues

8 September 2023 by Admin

SBI plans to raise 0 million via overseas bond issues

Mumbai: State Bank of India, which owns nearly a fifth of the country’s outstanding banking-sector credit, is tapping the overseas markets again to raise up to $750 million through bond sales being arranged by JP Morgan, BoFA Securities, Standard Chartered Bank and HSBC, two banking industry sources told ET. The bond sale, part of the … Read more

Should you buy or sell IndusInd Bank after Q2 results? Here’s what brokerages say

20 October 2022 by Admin

Due to lower provisions amid material improvement in asset quality and lower-than-expected credit costs, private sector lender managed to beat Dalal Street estimates in its Q2 earnings. Most brokerages are bullish on the stock with target prices going up to Rs 1,500. Among global brokerages, BofA Securities and CLSA both have given target prices of … Read more

BofA initiates coverage on Delhivery; Morgan Stanley bearish on Tata Power

27 June 2022 by Admin

New Delhi: Amid the ongoing volatility in the stock market, global brokerage firm BofA Securities is bullish on newly listed tech firm Delhivery and auto major . Meanwhile, CLSA has reiterated its positive view on while Morgan Stanley is bearish on another group firm . BofA Securities initiated its coverage on the recently listed logistics … Read more

As southwest monsoon draws near, all eyes on these 5 stocks

27 May 2022 by Admin

NEW DELHI: Farm income-related stocks are back in focus as southwest monsoon looks set to hit Kerala on May 27. A good monsoon tends to increase rural demand. Analysts said if the monsoon goes well, one may see a lift in farm income and, thus, demand, especially when food prices are rising. Two-wheelers, tractors, consumer … Read more

RBI to remain accommodative, leave all rates unchanged in April policy: BofA Securities

4 April 2022 by Admin

Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said. Bank of America Securities India in a pre-policy note on Monday said it expects the RBI-MPC to stay on hold on all rates … Read more

Bullish bets on bitcoin most crowded trade: BofA Securities

21 January 2021 by Admin

Mumbai: Bullish bets on bitcoin has emerged as the most crowded trade for the first time since October 2019, according to a survey of fund managers by Bank of America Securities. About 36 per cent of the respondents identified ‘long bitcoin’ as the most crowded trade. A total of 217 fund managers with $596 billion … Read more