Hiren Ved, Director & CIO, Alchemy Capital, says EMS is a rapidly growing field, reminiscent of the boom in IT services, with many companies thriving on abundant opportunities. In manufacturing, Dixon leads with a $2 billion valuation in the $70-80 billion power T&D and electronic manufacturing market, suggesting potential for several firms to reach $4-6 … Read more
Xerox has agreed to buy printer maker Lexmark International from a consortium of Asian investors in a deal valued at $1.5 billion. The transaction includes debt and other liabilities that Xerox will assume from current owners Ninestar, PAG Asia Capital and Shanghai Shouda Investment Centre. Xerox will cut its annual dividend to 50 cents a … Read more
“Also, in the current market context where we see that where there is some amount of weakness which is there, the large groups they are better placed to manage the slowdown because of the diversification of cash flows what they have from different businesses, they have a better control in terms of cash flows which … Read more
Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in the last five-six years in the history of the company. … Read more
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A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy … Read more
A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 12% and 25% as per analysts’ price targets. DLF BROKERAGE: JEFFERIES Price Target: Rs 985 CMP: Rs 830 Upside: 18.7% Risk-Reward favourable with stock trading below net asset value (NAV), strong cash flows Recent stock underperformance … Read more
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward … Read more
Pawan Parakh, Fund Manager – Equities, Renaissance Investment Managers, says “I would not be surprised if NBFCs try to diversify their borrowing sources. From an NBFC perspective also, when they diversify and try to tap into new sources of funds, initially there could be some challenge for the NBFCs. But eventually, it will be for … Read more
Mumbai: The National Stock Exchange has sought clarification from Rajesh Exports for not disclosing its cash-flow statement. The company, which reported a turnover of ₹3.4 lakh crore for FY23, failed to disclose its half-year cash-flow statement and proper audit report alongside the quarterly results for the period ending September 2023, as required by Sebi regulations. … Read more