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Analysts gung ho on this midcap even as top brass flags Covid risks SECTIONS Share iStock Related NSE NEW DELHI: Schaeffler India s March quarter earnings came in better than analyst estimates, as it managed to offset the pressure of rising commodity prices through cost discipline and operating leverage. Sales got a boost from demand recovery in both automotive and industrial segments . Managing Director Harsha Kadam sounded caution on the volatile external scenario. But analysts are unfazed. Their price targets suggest up to 22 per cent potential upside for the stock. On Friday, the scrip of the midcap firm traded at Rs 5,302 apiece, up marginally in a depressed market. At this price, the stock trades below its historical average P/E of 28.6 times. ....
Swiss stock exchange and decentralised finance: a heavenly marriage? The Swiss stock exchange is embracing cryptocurrencies, public blockchains and decentralised finance (Defi). Bitcoin trading on the national Börse? Certainly, and plenty of other crypto-assets besides. A strategic u-turn? Apparently not. This content was published on April 29, 2021 - 09:00 April 29, 2021 - 09:00 Matthew Allen When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz. swissinfo.ch This is a leap forward from SIX Group’s original plan to create the SDX Digital Exchange to speed-trade digital versions of equities and bonds using R3 Corda distributed ledger technology (DLT). SDX hopes to get regulatory backing to start operating in the second half of this year. ....
Value trap or trapped value? Bajaj Consumer gives analysts a hair-raising puzzle SECTIONS Share Synopsis Analysts say the current valuation for the stock is undemanding and it could be up for a rerating. iStock Despite rallying 85% in the last one year, the Bajaj Consumer Care stock is down 40% for the past three years. Related NSE NEW DELHI: Bajaj Consumer Care’s March quarter profit more than doubled on a 40 per cent-plus sales growth. But rising raw material (RM) costs and an adverse product mix hurt gross margins, a trend that may continue in the June quarter. Analysts said the company’s execution has improved under the new CEO with a focus on product refresh, sharper marketing and distribution, visibility in retail and growing non-ADHO (Almond Drop Hair Oil) portfolio. The revival in dividend distribution trend is positive, they said, and added that the current valuation for the stock is undemanding and it could be up for a r ....
Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board of Investments (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange will kick off on the 7th of June 2021 on a virtual platform. SLIF 2021 will showcase to the world, Sri Lanka’s attractiveness as an investment destination through the exposition of a blend of Mega Projects, Strategic Investment Initiatives, Private Equity Opportunities and Portfolio Investment propositions of Public Listed Corporates listed on the Colombo Stock Exchange. The forum will attract direct and portfolio investors including sovereign wealth funds, private equity funds, Development Finance Institutions, MNCs, High Net Worth Individuals, and all other investor classes from across the globe. ....
Kremlin says Russia will continue to respond in kind to any sanctions FILE PHOTO: Kremlin spokesman Dmitry Peskov wearing a protective face mask attends Russian President Vladimir Putin s annual end-of-year news conference, held online in a video conference mode, in Moscow, Russia December 17, 2020. REUTERS/Maxim Shemetov/File Photo reuters tickers This content was published on April 19, 2021 - 11:45 April 19, 2021 - 11:45 MOSCOW (Reuters) - The Kremlin on Monday said Russia would continue to respond in kind if further sanctions were imposed, after new U.S. measures last week targeting sovereign debt and blacklisting Russian companies prompted Moscow to retaliate. Kremlin spokesman Dmitry Peskov told reporters: The principle of reciprocity is an absolute constant. These (retaliatory) decisions will keep being taken if similar practice continues. ....