Bank of America Merrill Lynch
According to a report released recently by Bank of America Merrill Lynch (BofA-ML), despite the appreciation in the US dollar (USD), the Indian rupee will likely trade in the range of between Rs 58 and Rs 62 per dollar; thanks largely to the fact that global oil prices have softened and curbs have been imposed [...] Continue Reading »
New-Delhi- With a target price of Rs. 300, the Bank of America Merrill Lynch has sustained its ‘Buy’ status on DLF BSE 3.70 percent. As per a BofA-ML official, they have decided to reiterate ‘Buy’ on DLF based on the revised price objective of Rs. 300 with a 15 percent discount to net NAV of Rs. 353 along with 20 [...] Continue Reading »
Prestige Estates has received a favourable review from Bank of America Merrill Lynch. The investment bank has initiated a coverage on Bangalore-based real estate firm Prestige Estates Projects with a “Buy” rating and estimated an upside potential of 38 per cent from current levels. BoAML also estimated that Bangalore real estate sector growth would remain [...] Continue Reading »
Mumbai has witnessed new launches of around 3,600 units in the recent April-June quarter which is more than twice the number of 1,700 housing units launched in January-March, said Abhishek Kiran Gupta and Gagan Agrawal of Bank of America Merrill Lynch. The Mumbai real estate is lagging behind for past one year owing to which [...] Continue Reading »
