Broker’s call: Samvardhana Motherson International (Buy)
Target: ₹101 CMP: ₹82.20 Samvardhana Motherson International’s (SAMIL) announcement of 100 per cent acquisition of SAS Autosystemtechnik GmbH (SAS) at EV of €540 million entails an all-round strategic fit providing entry into the new product segment (cockpit module assembly) with global leadership position (nearly 20 per cent share), meaningful acquisition size (about 10 per cent […]
NSE lists first green bond
The National Stock Exchange (NSE) has listed the first green bonds on its platform from Indore Municipal Corporation. Green bonds are debt securities designated to finance environment-friendly projects. India’s municipal bond market is growing rapidly, with fund raising growing three-fold since 2017. Indore Municipal Corporation had filed for another round of ₹250 crore fund raising. It […]
Markets more moderately valued now, says Edelweiss MF MD
Edelweiss Mutual Fund had a sharp run-up and crossed the ₹1-lakh crore in asset under management (AUM) recently despite the upheavals in the market. Unlike others, Edelweiss MF has largely taken the passive route to grow its asset and tried to deliver better returns at lower cost for investors. Radhika Gupta, Managing Director & CEO, […]
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