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We cut our FY26/27E EPS estimates by -4.4%/-1.4%, factoring in temporary disruption from the Ramagundam Fertilizer shutdown. Engineers India Ltd. reported a strong quarter with 39.5% YoY growth in revenue and Ebitda margin remaining flattish YoY to 8.3% due to unfavorable revenue mix. Management reiterating FY26 revenue growth of ~20%, driven by its highmargin Consultancy business (~22% margins) and steady LSTK execution
We increase our earnings estimates of Glenmark Pharma Ltd. for FY26/FY27 by 3%/8%, factoring in- receipt of income from deal related to ISB2001, the recalibration of its domestic formulation portfolio, a moderation in EU/EM businesses, and regulatory constraints for the US business.
Freight technology company Truckstop announced it has acquired Denim, a transportation-focused financial tech business and factoring service that automates invoicing. The post Truckstop.com acquires Denim for AI-driven invoice solutions appeared first on FreightWaves.
We initiate coverage on HDB Financial Ltd. with a Neutral rating and a target price of Rs 860 (premised on 2.7x Sep’27E P/book value). With valuations largely factoring in medium-term growth potential, we would look for clearer evidence of stronger execution on loan growth, ability to better navigate industry/product cycles, and structural (not just cyclical) improvement in return ratios.
NYU Stern School of Business' Professor of Finance, Aswath Damodaran, believes investors in Eternal might not be factoring in the eventual fall of the margins as the company looks to pivot more towards the grocery delivery business. "Investors are excited about the growth in the business, but I doubt if they are factoring in the coming down of margin that is inevitable when you leave these spaces where you can get 22% margin," he said in an exclusive conversation with NDTV Profit.
The US government remains shut, which means the BLS will likely not release the September jobs report this Friday. Yesterday’s ADP numbers, however, injected a strong dose of dovishness to keep investors going for a few days longer. The data showed the US economy didn’t add jobs in September, but instead lost 32’000. Part of this was due to an adjustment tied to government-sourced figures, but taken together with other data, the trend is clear: the US labour market is weakening. And that’s before factoring in the political noise — Donald Trump is already threatening to fire thousands of federal employees if Washington fails to break the shutdown impasse.