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MORGAN STANLEY ON SUN PHARMA : Co Facing A Confluence Of Challenges MORGAN STANLEY ON SUN PHARMA : Downgrade To Underweight From Equalweight MORGAN STANLEY ON SUN PHARMA : Q4 Earnings A Miss; Fundamentals Worse Than Expected MORGAN STANLEY ON SUN PHARMA : Estimate An Average Earnings Decline Of 5% In FY19 MORGAN STANLEY ON SUN PHARMA : Cuts FY18 & FY19 EPS Estimates 35.6% And 32.3% Respectively CREDIT SUISSE ON TECH MAH : Reported A More Than 400 Bps QoQ EBIT Margin Contraction In Q4 CREDIT SUISSE ON TECH MAH : Revenue Was Broadly In Line With CS Estimates CREDIT SUISSE ON TECH MAH : Currency, Wage Hike And Visa Are Potential Headwinds CREDIT SUISSE ON TECH MAH : Revenue Growth Can Also Accelerate From FY17 CREDIT SUISSE ON TECH MAH : Cut FY18-19E Eps (8-12%) On Lower Margin Assumptions CREDIT SUISSE ON TECH MAH : Maintain Outperform Rating, Price Target Cut To Rs Rs 500 From Rs 525/Share MACQUARIE ON TECH MAHINDRA : Q4FY17 Continues To Highlight Margin Woes For The Company MACQUARIE ON TECH MAHINDRA : Margin Woes Due To Exiting The Legacy Business MACQUARIE ON TECH MAHINDRA : Lower Our FY18-19E EPS By 17-20% Due To Lower Margin Estimates MACQUARIE ON TECH MAHINDRA : Maintain A Neutral With A New Target Of Rs 420 Vs 474 Earlier

Retrospective VAT Will Hammer Realty Cos: Mahesh Jaising


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September 27: BMR Advisors’ Mahesh Jaising says the SC’s retrospective VAT levy for realty companies not only reaffirms the K Raheja ruling, but also overturns the principle of no tax being applied on the one-contract model. “This will have a significant impact on the companies’ operations and net worth,” he says, adding that the real estate industry should come together with the tax authorities and work out an affordable payment to avoid closure of large players.