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Paytm Gets Target Price Upgrade From Citi After Zomato Deal
One97 Communications Ltd.'s target price has been hiked by Citi Research as it sees the sale of Paytm's entertainment ticketing business to Zomato Ltd. as a positive for the company. The brokerage raised the target price of the stock to Rs 440 per share, compared to Rs 410 apiece earlier after factoring in the deal. This is a slightly lower downside of 20%.
Vodafone Idea Plans On Track Despite Set-Back On AGR Curative Petition: ICICI Securities
Despite India’s Supreme Court rejecting the curative petition for adjusted gross revenue dues, Vodafone Idea Ltd. is hopeful towards a resolution of the arithmetical error in the AGR dues calculation; it has been engaging with the government on the subject. Also, Vodafone Idea is factoring in Rs 290 billion of government debt – to be converted into equity at the end of the moratorium period, as per the reform package.
Markets Weekly Outlook – Will the NFP Report Validate Rate Cut Optimism? - Action Forex
As the week wraps up, US data continues its downward trend, with the Fed’s preferred inflation measure maintaining pressure for a potential 50 basis point rate cut in November. Market participants are increasingly factoring in this cut, with the probability now exceeding 50%.
Axis Bank Q2 Results Review: Analysts Cut Target Price On Slower Growth
After reporting a mixed bag of earnings for the quarter ended September, most brokerages have downgraded their target price on the shares of Axis Bank Ltd. as they expect slower growth and elevated credit costs. Citi Research has cut its target price on the stock by over 2% to Rs 1,290 as it is factoring in lower growth. But it has maintained its 'neutral' view. Axis Bank's total advances rose 11% on-year to Rs 9.99 lakh crore and deposits grew 14% on year to Rs 10.87 lakh crore.
The Central Banking Beauty Contest | Mostly Economics
Gonzalo Cisternas and Aaron Kolb in this NY Fed's LibertyStreet blogpost: Expectations can play a significant role in driving economic outcomes, with central banks factoring market sentiment into policy decisions and market participants forming their own assumptions about monetary policy. But how well do central banks understand the expectations of market participants—and vice versa? Our model,…