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Schaeffler India receives buy rating with target price of Rs 4170

Schaeffler India reported an APAT of Rs 247 crore, slightly below estimates, with EBITDA margins contracting to 18.1%. Despite weak exports to Europe, other markets are performing well. Sharekhan maintains a Buy rating with a revised target price of Rs 4170, citing strong domestic demand and growth in the EV sector.
Moneycontrol
Indian Rupee Schaeffler India Limited IND
Finance & Economy, Market Report
09:28 25.10.2024

market turmoil deepens as foreign investors continue heavy selloff

Selling pressure on Dalal Street escalated, with benchmark indices declining over 1% amid a broader market selloff. The Nifty 50 index has dropped nearly 3% this week, driven by relentless foreign institutional investor (FII) selling, disappointing Q2 earnings, and global uncertainties. On October 24 alone, FIIs sold equities worth Rs 5,062 crore, contributing to a nearly Rs 1 lakh crore exodus in October, as concerns over urban consumption and demand growth loom large.
Moneycontrol
Sensex Nifty IND
Finance & Economy, Market Report
09:27 25.10.2024

bank stocks decline as indusind bank reports significant profit drop

Bank stocks are facing pressure as lenders report stress in their MFI portfolios and declining asset quality. IndusInd Bank revealed a surprising 39% year-on-year drop in net profit for Q2, attributed to higher provisions and shrinking margins. Following this disappointing performance, brokerages have reduced their target prices, with Nuvama Institutional Equities lowering it to Rs 1,290 and downgrading the stock to 'hold' from 'buy.'
Moneycontrol
IndusInd Bank Limited IND
Finance & Economy, Market Report
09:27 25.10.2024

Luzerner Kantonalbank reports profit increase and sets ambitious growth targets

Luzerner Kantonalbank (LUKB) reported a 9.1% increase in consolidated profit to CHF 216 million for the first nine months of the year, aided by extraordinary income from real estate sales. The bank aims for growth targets by 2025, including over CHF 1 billion in new investment business and non-interest income of at least CHF 215 million, while maintaining a low cost/income ratio of 46.1%. Despite rising costs and a slight decline in trading results, LUKB remains optimistic about its lending growth and overall performance.
finanzen.ch
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
TradFi, Market Report
09:22 25.10.2024

izakaya chain watami co acquires subway japan to rival mcdonalds

Watami Co. is acquiring the operator of Subway in Japan, aiming to diversify beyond its izakaya-style restaurants and compete with McDonald’s Holdings Co. Japan. The Tokyo-based company, which also franchises TGI Fridays, has signed a 10-year master franchise agreement with Subway International B.V. to facilitate the deal, which will be financed through bank loans.
bloomberg.com
Japanese Yen McDonald’s Holdings Co. Japan Watami Co., Ltd. Subway International B.V. JPN Show more
Finance & Economy, News Article
09:22 25.10.2024

strides pharma sciences reports strong q2fy25 growth with revised price target

Strides Pharma Sciences reported Q2FY25 revenues of Rs. 1,201 crore, reflecting a 20% year-on-year growth, with EBITDA rising 31% to Rs. 236 crore and maintaining a 20% margin. The US segment achieved record revenues of $75 million, up 26.2% year-on-year. The stock is currently valued at 26x and 21x its estimated EPS for FY2026 and FY2027, respectively, leading to a revised price target of Rs. 1,874.
Moneycontrol
United States Dollar Strides Pharma Sciences IND
Finance & Economy, Market Report
09:22 25.10.2024

trading strategies and signals for ubs group ag on october 25

UBS Group AG (NYSE: UBS) has received updated trading signals as of October 25, indicating a buy near $31.36 with a target of $33.38 and a stop loss at $31.27. Conversely, a short position is suggested near $33.38, targeting $31.36 with a stop loss at $33.48. For swing and day trading, buy signals are triggered if the stock breaks above $32.9, with similar targets and stop losses in place.
Stock traders daily
UBS Group AG CHE Thomas H. Kee Jr.
TradFi, Market Report
09:20 25.10.2024

UBS maintains neutral rating on Safran with price target of 215 euros

UBS has maintained a "Neutral" rating for Safran, setting a price target of 215 euros following the release of third-quarter sales data. While the engine manufacturer's revenues met consensus estimates, the performance in the spare parts and maintenance sector fell short of expectations.
boerse.de
Euro Safran SA FRA Hubert Dichtl Ian Douglas-Pennant Thomas Müller Show more
TradFi, Market Report
09:18 25.10.2024

ubs maintains neutral rating for safran with target price of 215 euros

UBS has maintained a 'Neutral' rating for Safran, setting a price target of 215 euros following the release of third-quarter sales data. While the engine manufacturer's revenues met consensus estimates, the performance in the spare parts and maintenance sector fell short of expectations.
aktiencheck.de
United States Dollar Euro Safran SA FRA DEU Ian Douglas-Pennant
TradFi, Market Report
09:18 25.10.2024

Coforge reports strong revenue growth and maintains buy rating with target price

Coforge reported a revenue of $369.4 million, marking a 26.8% quarter-on-quarter and 32.8% year-on-year increase, with organic revenue at $309.8 million. The adjusted EBITDA margin fell to 16.6% due to wage hikes, while the executable order book surged to $1.3 billion, a 40% year-on-year rise. Sharekhan maintains a BUY rating with a revised target price of Rs 8,900, reflecting strong growth potential.
Moneycontrol
United States Dollar Coforge Limited IND
Technology & Innovation, Market Report
09:17 25.10.2024
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