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Emkay said that ongoing lockdowns could impact the company in the ongoing financial year but overall performance offers comfort on growth and valuation at 35 times FY23 estimated earnings per share is relatively attractive.
Stocks in the news: HCL Tech, RIL, Indus Towers, Dish TV, Tata Elxsi and Gland Pharma Gland Pharma said it has received approval from the US health regulator for its generic Foscarnet Sodium injection.
from Stocks-Markets-Economic Times https://ift.tt/3gy1mkE
… Read MoreBiden to float historic tax increase on investment gains for the richThat would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.
from Stocks-Markets-Economic Times ht… Read MoreNorth-west & south better on microloan repaymentsNear-term business prospects across states are, however, more clouded with the outburst of Covid-19 cases over the past couple of weeks. Industry leaders, especially those with small and medium sized NBFC-MFIs, are anticipati… Read MoreBiden tax whacks stocks with Wall Street warning of pre-emptive salesWall Street traders said it was too soon to panic, but that a higher levy on stock profits could foment near-term selling.
from Stocks-Markets-Economic Times https://ift.tt/3gx1YXJ
… Read MoreCovid surge may delay recovery, says Fitch Fitch Ratings has affirmed the country’s sovereign rating, while keeping the outlook as negative and said the second wave of Covid may delay the recovery but is unlikely to derail it.
from Stocks-Markets-Economic Times http… Read More
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