Jefferies on IT: As per the brokerage, Accenture’s management sees digital transformation and cloud migration as medium-term growth drivers. Jefferies finds this to be positive for Indian IT companies and maintains a constructive stance with Infosys as the top pick.
Morgan Stanley on Accenture: The brokerage said that the company's results were below estimates due to weakness in consulting. However, it added that commentary from the management suggested strong demand for the digital transformation spend.
CLSA on BPCL: The brokerage maintains a 'sell' call on the stock with a target at Rs 360 per share. Quick privatisation of BPCL may prove challenging, it added.
Morgan Stanley on Manufacturing: The brokerage estimates manufacturing pie to increase 3 times in the next 10 years. It added that manufacturing as a share of GDP will rise to 20 percent by FY30 from 15 percent currently.
Morgan Stanley on Internet: Monitoring trends in internet startups relevant for investing community, said the brokerage. It added that fund inflows made a strong comeback and education remains one of the most preferred sectors.