Tue, Nov 29, 2022 5:55 PM
TVS Motor rolls out 2023 TVS Apache RTR 160 4V at Rs 1.30 lakh
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After a 15% correction in 2024 YTD, brokerage house InCred Equities sees a 42% upside in MTAR Technologies. The brokerage has initiated coverage on the stock with a buy call & TP of ₹2,644. InCred forecasts that MTAR is likely to register a 41% topline growth over FY24-26F, with margin improvement by roughly 500 bps due to operating leverage kicking in. The stock has shed 4.5% in the last 1 year.
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Danone, the French yogurt maker, is investing in nutritional drinks for cancer patients and the elderly, betting on an aging population to boost growth. The medical nutrition unit generates €3 billion in sales annually, and is expected to grow faster than the dairy and plant-based business, which accounts for €14 billion in annual sales.
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Tough regulations are looming for the $1.7tn crypto market, which has 106 mn users worldwide. Recent restrictions in China & UK have impacted cryptocurrency exchanges, & govts aim to restrict access to guarantee adoption & success of their own digital currencies. The UK's Financial Conduct Authority has only registered 5 crypto asset firms leaving most exchanges operating without regulations.
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