Anupam Rasayan downgraded to hold with revised target price of 735

Anupam Rasayan India reported a significant revenue miss due to weak demand in the Agrochemical segment, leading to a downgrade in FY26E EPS estimates from INR 22.5 to INR 20.0. The stock is now rated "HOLD" with a target price of INR 735, reflecting challenges in order recovery and global economic uncertainties.

investors focus on nvidia earnings amid geopolitical tensions and market recovery

U.S. markets rebounded from geopolitical tensions, with Nvidia"s upcoming earnings report taking center stage, driving its shares up 4.9%. Analysts believe Nvidia"s performance will significantly impact the S&P 500, overshadowing other economic indicators. Meanwhile, Japan"s exports showed signs of recovery, and Burberry"s stock outlook improved following a strategic revamp.

Karnataka"s new GCC districts to enhance office leasing in north Bengaluru

Karnataka"s draft Global Capability Centre (GCC) policy aims to establish three Global Innovation Districts, enhancing GCC investments and office space demand, particularly in north Bengaluru. Chief Minister Siddaramaiah announced that the new Bengaluru GCC district will be part of the Knowledge, Wellbeing, and Innovation City, located 45 minutes from Kempegowda International Airport. With GCCs driving nearly half of Bengaluru’s Grade A office space demand, the city could see an annual uptake of 8-10 million sq ft in the coming years.

antander sets aside 295 million for uk car loans investigation

Banco Santander SA is setting aside £295 million ($375 million) in the UK to cover potential legal costs and payments related to a probe into the suspected mis-selling of car loans. This estimate accounts for operational and legal expenses, with the final financial impact potentially varying significantly.

Bharti Airtel reports strong growth with revised target price of 1711

Geojit Financial Services has reiterated a "BUY" rating for Bharti Airtel, setting a target price of Rs. 1,711. The company reported a 12% YoY increase in consolidated revenue to Rs. 41,473 crore in Q2FY25, driven by strong mobile service growth in India and a rising customer base of 563 million. EBITDA also rose 12% YoY to Rs. 21,846 crore, while reported PAT surged 98.4% YoY to Rs. 4,153 crore, supported by improved topline performance and reduced exceptional items.

musk and trump forge influential friendship during presidential transition

Elon Musk and Donald Trump have developed a close friendship, with Musk influencing Trump on various policy matters, including the establishment of a government efficiency commission. Their bond has led to Musk"s involvement in key discussions and decisions, although his influence has limits, as seen in personnel choices that did not align with his preferences. Despite some grumbling from Trump"s staff, the duo continues to enjoy each other"s company, engaging in public events and discussions that highlight their shared interests and ambitions.

ubs raises walmart price target to 100 dollars maintains buy rating

UBS has increased its price target for Walmart from $92 to $100 while maintaining a "Buy" rating. Analyst Michael Lasser noted that Walmart has sustained its momentum in the third quarter, indicating potential for continued growth in the near future.
08:17 20.11.2024

Credit Suisse strategist shifts focus from European to American equities

A former Credit Suisse strategist has shifted his focus from European equities to American equities, upgrading the latter to OVERWEIGHT in client portfolios. He cites a weak economic outlook and declining corporate profits in Europe as key reasons for this change, even contemplating an UNDERWEIGHT position on European stocks, though a significant valuation discount prevented that decision.
08:17 20.11.2024

EFG International reports lower than expected profits in ten-month results

EFG International reported a net profit of over CHF 260 million for the first ten months of the year, slightly up from over CHF 240 million in the same period last year. However, these figures fell short of expectations, with the total profit for 2023 reaching CHF 303 million.
08:15 20.11.2024

UPL reports mixed quarterly results amid destocking concerns and high debt

UPL reported a revenue of Rs. 11,090 crore for the quarter, reflecting a 9% year-on-year and 22% quarter-on-quarter increase. However, the company faced a loss of Rs. 585 crore, worsening from previous losses. Sharekhan maintains a HOLD rating with a revised target price of Rs. 584, citing destocking concerns and high debt.
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