Fri, Oct 14, 2022 7:43 PM
Infosys buyback to increase earnings per share and return on equity
A Flip by Shubhra
Pfizer (NYSE: PFE) stock is an investing enigma. The drugmaker's shares have printed fresh 52-week lows consistently over the past two years, putting its stock in serious bargain territory. Speaking to this point, Pfizer's stock trades at around 11 times forward earnings. On the other hand, its big-pharma peer group averages 17 on this key valuation metric.
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Aditya Birla Sun Life Mutual Fund on Thursday (May 2) launched Nifty PSE Exchange Traded Fund (ETF). This is an open-ended ETF tracking the Nifty Public Sector Enterprise (PSE) Index. The New Fund Offer (NFO) will remain open till May 16, 2024. The ETF offers investors an opportunity to invest in India’s Public Sector Enterprises (PSEs) that will be responsible for propelling the growth.
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Forward stock splits usually follow significant share-price appreciation, which rarely happens to inferior companies. For that reason, many investors see stock splits as roundabout indicators of quality. But the price appreciation (not the subsequent split) is where investors should focus. Shares of Microsoft (NASDAQ: MSFT) and Intuit (NASDAQ: INTU) soared 541% and 437%, respectively.
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