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EPS ACCRETIVE ACQUISITION
Jefferies raises target price of auto ancillary stock that's venturing into aerospaceJefferies has increased its target price for Belrise Industries to Rs 250, maintaining a positive outlook. The auto component maker is expe...
ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
Sun Pharma shares rally 9% in two days after $12-bn Organon deal. Here's what Morgan Stanley, other brokerages saySun Pharmaceutical Industries' shares surged nearly 9% after announcing the $11.75 billion acquisition of Organon & Co., a global leader in...
ET Prime Special Series: Multibagger or Bankrupt – Part 55: This old-economy giant helped power India’s past. Its big test lies aheadSome companies face disruption at the level of products. Others face it at the level of technology. That is what makes this story more comp...
Wipro’s Rs 15,000 crore share buyback: Should you participate or avoid?Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 earnings. The IT major's board ap...
RBI approves $1 billion overseas direct investment by Coforge for Encora acquisitionCoforge received RBI approval for an overseas investment exceeding $1 billion to complete its $2.35 billion acquisition of US AI firm Encor...
Debt & internal accruals to fund Ceat acquisition of Camso tyre biz from Michelin: Arnab BanerjeeCeat will acquire Camso's tyre and track business from Michelin. This acquisition will boost Ceat's international business. The deal will b...
Will Haldiram's be a good fit for Tata Consumer? Abneesh Roy answers“Unless and until a deal is announced, it can always be very difficult to say whether it will happen or not. And we earlier saw even in Bis...
PI Industries' foray into pharma to help it replicate agrochem success: Rohan GuptaPI Industries' foray into the pharma industry through two acquisitions will diversify its business and reduce its dependency on agro. The a...
Buy Craftsman Automation, target price Rs 3925: Motilal Oswal Financial ServicesPromoters held 58.77 per cent stake in the company as of 31-Dec-2022, while FIIs owned 9.33 per cent, DIIs 15.84 per cent.
Motherson’s deal with Daimler to be EPS accretive right from the beginning: Vivek Chaand Sehgal"Daimler India Commercial Vehicles' (DICV) frame manufacturing and assembly operations facilities in Chennai will be acquired via our own i...
Buy NTPC, target price Rs 145: EdelweissThere is great scope to improve the earnings over the next two years.
Brokerages raise Dr Reddy’s EPS estimate, but upside looks cappedAnalysts expect the acquisition to be funded through a bridge loan, with quick de-leveraging by FY22 through internal accruals.
Buy Aurobindo Pharma, target Rs 836: Elara CapitalBuy Aurobindo Pharma Ltd. at a price target of Rs 836.
Hold Astral Poly Technik, target Rs 935: ICICI DirectHold Astral Poly Technik Ltd. at a price target of Rs 935.0 .
Pfizer surges 5% as parent acquires Medivation in $14 bn dealThe US-based company said the acquisition would be immediately accretive to adjusted diluted EPS upon closing of the deal.
- Equal Weight Tech Mahindra, target 530: Morgan Stanley
The acquisition will contribute 0.4 per cent of total revenues in FY17e for Tech Mahindra. The global brokerage firm estimates that the acq...
JP deal will add to UltraTech's capacity, but hurt EPS: BrokeragesWhile the acquisition will be EPS-dilutive, brokerages are bullish on the stock and expect the company to benefit.
Brokers' Picks: Goldman neutral on Apollo TyresThe acquisition of US-based Cooper Tire appears significant in terms of Apollo Tyres market cap
- Core Projects to garner $12-15 mn revenue this fiscal: Nikhil Morsawala
Nikhil Morsawala, CFO, Core Projects, in a chat with ET Now talks about the recent acquisitions.