German auto parts maker Schaeffler on Friday said its board has approved the re-appointment of Harsha Kadam as the Managing Director (MD) and CEO of its India arm for a period of three years, effective from October 1, 2024. Kadam, who joined Schaeffler India in 2018, was appointed as the MD and CEO of the … Read more
Auto components manufacturers Schaeffler India, Timken India and SKF India have been upgraded to ‘Add’ from an earlier ‘Sell’ rating by Kotak Institutional Equities, which sees good entry points in these midcap stocks following a 17-22% correction over the past 6 months. While Schaeffler has fallen by 17%, Timken and SKF’s declines stand at 20% … Read more
Brokerage firm Nuvama maintained a hold rating on Hindalco, Jefferies downgraded Biocon to underperform, Elara Capital recommended an accumulate rating on Zomato and Sharekhan recommended a buy rating on Schaeffler India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on Hindalco: Hold| Target Rs 508 Nuvama … Read more
Gala Precision Engineering has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via the initial public offering (IPO) route. The Mumbai-based precision component manufacturer of technical springs will launch its public offer which will be a mix of issue of fresh equity shares and … Read more
