One hundred and sixteen years ago this week, William Crapo (yes, really) Durant founded General Motors in the hopes of creating a large conglomerate that could scoop up all the smaller automotive companies blooming in turn of the last century Detroit. While GM would eventually become a huge success, indeed one of the largest companies … Read more
Foreign ownership of Indian government bonds has accelerated through August as decision-influencing US data and Federal Reserve commentary point toward a rate cut later this month, but are not alarming by themselves to trigger a risk-off sentiment on Wall Street and dent financial assets in the world’s fastest-expanding major economy. From July 31 to August … Read more
Brokerage firm JP Morgan maintained an overweight rating on Cyient while BofA and UBS have a buy call on Varun Beverages and Avenue Supermarts respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on Cyient: Overweight| Target price: Rs 2,100JP Morgan maintained an overweight rating … Read more
Ankur Rudra, Head of APAC Telecoms & India TMT Research, JPMorgan, says there have always been hope rallies that have played in the IT services sector in the last year. We have seen some of that potentially play out in the last one-and-a-half months. But in the near term, we are not seeing any improvement … Read more
Mumbai: From Friday, a new era of global interconnectedness begins for the Indian sovereign debt market with government bonds’ inclusion in an international bond index set to attract billions of dollars of foreign money and increase worldwide scrutiny on the country’s fundamentals. JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM … Read more
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, the incremental ownership of sovereign bonds by foreign portfolio investors has climbed more than $10 billion, with purchases topping the billion-dollar threshold so far this month. As of June 18, the indicative value of aggregate FPI holdings in … Read more
JP Morgan, the global brokerage firm, has upheld its ‘Overweight’ rating on LIC following the announcement of its Q4 results at a target price of Rs 1,340. This projection suggests a potential increase of 29% from the previous day’s closing price of Rs 1,035.8 per share. In its report, JP Morgan highlighted LIC’s strong performance … Read more
Shares of Sun Pharmaceutical Industries fell 5% in Thursday’s trade on BSE to the day’s low of Rs 1,467 even after the company posted a 34% year-on-year (YoY) jump in its Q4 profit to Rs 2,654.6 crore while the revenue rose 10.1% YoY to Rs. 11813 crore in Q4FY24. The board of the company also … Read more
Mumbai: Foreign investors will welcome the depth and liquidity of the local market as India begins to feature on global bond indices, but once overseas ownership crosses a point, local dealers will have to contend with a new landscape of volatility that worldwide interconnectedness brings, a Bank of America trading veteran said. Vikas Jain, head … Read more
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said. JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated … Read more
