|Bid||0.00 x 1200|
|Ask||0.00 x 29200|
|Day's Range||24.33 - 24.67|
|52 Week Range||21.66 - 29.52|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.22|
|Expense Ratio (net)||0.84%|
In this article, we’ll see how analysts are rating Infosys (INFY). A weaker Indian rupee has been a tailwind for Indian technology companies (INDA) (EPI) such as Infosys, as they get most of their revenues from overseas. Infosys has received “strong buy” ratings from 12 analysts, while 24 have given it “buy” ratings.
In this article, we’ll see how analysts are rating the leading Indian banks. ICICI Bank (IBN) has received “strong buy” ratings from 19 analysts, while 22 have “buy” ratings on its stock. Two analysts have rated the stock as a “hold” or some equivalent, while the remaining analyst polled by Thomson Reuters on December 7 has rated IBN as a “strong sell.”
The election results for five Indian states are scheduled to be released on December 11. Three of these states were among the key contributors to Prime Minister Narendra Modi’s victory in the 2014 general election.
Amazon (AMZN) has unveiled Prime Reading, a new service, in the fast-growing market of India (EPI) as the company looks to expand its e-commerce services in the country. The company already offers Prime Video and Prime Music to its customers in India. Amazon, through its Prime Reading service, will offer a wide variety of ebooks to its Prime subscribers at no additional cost.
As we noted in the previous part, several currencies including the Turkish lira, Iranian rial, and Indian rupee have fallen to all-time lows against the US dollar. Turkey’s leadership lashed out against the US after President Trump’s tweet led to more losses in the Turkish currency.
After success in many non-English speaking regions in Europe, Latin America, and Asia, Netflix (NFLX) is looking to strengthen its presence in the second-most-populated country—India. The growing Indian middle-class with higher income levels has encouraged the video streaming giant to be highly optimistic about its contribution to the Indian market going forward. High-speed Internet service is the prime requirement for Netflix’s operation in any region.
India’s manufacturing PMI (purchasing managers’ index) rose at a slower rate in May as compared to April. It stood at 51.2 in May as compared to 51.6 in April. The reading didn’t beat the market’s expectation of 51.5.
India’s manufacturing PMI rose sequentially in April. It was 51.6 in April compared to 51 in March, beating the market expectation of 51.3.
On May 7, ArcelorMittal (MT), the world’s biggest steel producer, announced that it had received permission from the European Commission to acquire Ilva. The acquisition is expected to enhance ArcelorMittal’s presence in Italy, Europe’s second-largest steel-consuming region. Despite getting most its revenue from Europe, ArcelorMittal had a limited presence in Italy prior to this deal. The European Commission’s final permission was largely expected after ArcelorMittal agreed to divest some of its assets in Europe.
ArcelorMittal (MT) is scheduled to release its 1Q18 earnings on May 11. In this article, we’ll see how analysts rate the stock ahead of its 1Q18 earnings release. ArcelorMittal has a mean consensus price target of $41.64 from analysts polled by Thomson Reuters.
India’s manufacturing PMI (purchasing managers’ index) fell unexpectedly in March, to 51.0 from 52.1 in February. The reading missed the market’s expectation of 52.8 and marked the slowest expansion in manufacturing activity since October 2017.
After winding up its Chinese (MCHI) and Russian businesses, Uber said it will sell its operations in the Southeast Asia region to Grab in return for a 27.5% stake in the company. Uber has been doing this in order to avoid ugly price wars, which in turn could rein in its expenses before it goes public next year.
Earlier this week, ArcelorMittal (MT), the world’s largest steel producer, announced that it would bid for the stressed assets of Indian steel company Essar Steel (EPI). The announcement came after a couple of other acquisitions by ArcelorMittal. Last year, a consortium led by ArcelorMittal reached a binding agreement to buy the Ilva steel plant in Italy.
South Korean electronics giant Samsung (SSNLF) announced its fiscal 4Q17 (quarter ended December) numbers on Wednesday, January 31. The tech giant recorded its third successive record quarter, thanks to the continued rising demand for its memory chip, in spite of a decline in operating profits in its smartphone division. The prices of two main types of memory chips have surged over the past two years, and this has helped expand the company’s margins.