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Zurich Insurance Group has unveiled ambitious goals for 2025–2027, targeting an adjusted return on equity of at least 23%, up from 20%, and aiming for over 9% annual growth in adjusted earnings per share. The company plans to enhance its corporate business and maintain strict underwriting discipline, with a payout ratio of 75% of earnings and a solvency ratio above 160%.
Investing in the health care sector offers potential benefits such as consistent earnings, lower volatility, and portfolio diversification. However, investors should be aware of risks including regulatory challenges, clinical trial uncertainties, and the possibility of underperformance compared to other sectors. Key trends like GLP-1 weight loss therapies and an aging population present opportunities for growth in this dynamic industry.
Nvidia's third-quarter earnings exceeded expectations, with revenue soaring 94% year-on-year to $35.08 billion and net income rising 109% to $19.3 billion. However, shares fell 2.5% in extended trading as investors reacted to a slower growth rate compared to previous quarters, highlighting heightened expectations for the chipmaker. Meanwhile, Adani Group's shares plummeted following fraud charges against its chair, and the U.S. DOJ recommended Google divest its Chrome browser amid monopoly concerns.
Lumax Auto Technologies reported an APAT of Rs 42.9 crore, surpassing estimates of Rs 35 crore, with an order book reaching Rs 1,050 crore in Q2FY2025. Sharekhan maintains a BUY rating with a target price of Rs 682, citing expected improvements in product mix and demand trends in H2FY2025. The stock trades at a P/E of 15.8x for FY26E and 13.4x for FY27E, with an EV/EBITDA of 7.0x and 6.1x, respectively.
The 9th edition of Salone SRI in Milan focused on the evolving landscape of sustainable finance, emphasizing the shift from past to future sustainability. Giovanni Da Ros of Fideuram Asset Management highlighted the importance of environmental, social, and governance factors in emerging markets, noting that while risks exist, the energy transition also presents significant opportunities for market-leading companies. Investors are urged to maintain a balanced approach amidst market emotionality.
Hero MotoCorp has received a Buy rating from Sharekhan, with a target price of Rs 6,057, following a strong performance driven by significant margin expansion in its internal combustion (IC) business. The underlying EBITDA margin improved by 150 bps year-on-year to 16.5%, and the company aims to maintain a blended EBITDA margin of 14-16%. The stock is currently trading at a P/E multiple of 16.8x/15.3x and an EV/EBITDA multiple of 11.1x/10.1x for FY26E/FY27E estimates, reflecting a healthy recovery and positive market response to new products.
Grasim Industries has reported slightly higher-than-expected standalone revenues, driven by growth in cellulosic fibers and chemicals, despite lower operating profit margins due to losses in new ventures. The company aims for a high single-digit market share in paints by FY2025, with ongoing trials for two plants and a projected $1 billion in B2B e-commerce revenues over three years. Sharekhan maintains a Buy rating with a revised target price of Rs 2,975.
Century Plyboards reported a strong standalone performance for Q2FY2024, driven by revenue growth and improved operating margins in plywood, despite weak results in MDF and laminates. The company aims for significant growth in MDF and plywood for H2FY2025, with a price hike in MDF already implemented. Sharekhan maintains a BUY rating with a target price of Rs. 840, citing a robust earnings growth outlook over the next 2-3 years.
The Sensex fell by 424.48 points (0.55%) to 77,153.90, while the Nifty dropped 165.10 points (0.70%) to 23,353.40 amid concerns over a $250 million bribery indictment against Gautam Adani and geopolitical tensions from the Russia-Ukraine conflict. Public sector banks and energy stocks were particularly hard hit, with 2,354 shares declining compared to 958 advancing. Analysts suggest that the combination of these factors is leading investors to adopt a cautious approach, further pressuring the markets.
Equity benchmark indices Sensex and Nifty fell sharply in early trade, with the Sensex dropping over 900 points to an intraday low of 76,802.73, driven by a sell-off in Adani Group stocks, rising geopolitical tensions, and ongoing foreign fund outflows. Market analysts are concerned about the impact of state assembly election results on market sentiment, particularly if the ruling Maharashtra government faces unfavorable outcomes. The Nifty PSU Bank index was the biggest laggard, declining 3.58%, with major losses attributed to heavyweights like State Bank of India and Adani Enterprises.
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Zurich Insurance Group sets ambitious growth targets for 2025 to 2027
09:09 21.11.2024
investing in health care opportunities risks and market dynamics to consider
09:00 21.11.2024
vidia faces investor disappointment despite strong earnings and revenue growth
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08:57 21.11.2024
lumax auto technologies maintains buy rating with target price of 682
08:39 21.11.2024
ustainable finance event highlights challenges and opportunities in emerging markets
08:30 21.11.2024
hero motocorp receives buy rating with target price of 6057
08:27 21.11.2024
Grasim Industries receives buy rating with target price of 2975 rupees
08:23 21.11.2024
Century Plyboards maintains buy rating with target price of Rs 840
08:14 21.11.2024
Sensex and Nifty decline amid Adani bribery allegations and geopolitical tensions
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08:00 21.11.2024
Sensex plunges 900 points amid Adani stock sell-off and foreign outflows
07:56 21.11.2024
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