Anjali Rai - Profile and Journalist Details
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Anjali Rai
Verified
Desk Writer, NDTV Profit
Gurgaon
Beats
Business Economy Corporate Finance Stock MarketGlobal Treasury
knitting
Content
By Anjali Rai Verified| NDTV Profit Verified Citi Research has downgraded SRF Ltd. ratings and cut the target price, citing concerns regarding the pricing and demand for refrigerant gas exports. Additionally, they anticipate that the ramp-up of specialty chemicals is likely to be back ended to the second half of the financial year 2025. The research firm has downgraded SRF to 'sell' from 'buy' and cut the target price to Rs 1,850 from Rs 2,675. Citi also revised its FY25 and FY26 Ebitda estimates downward by 20-23% due to several factors.
By Anjali Rai Verified| NDTV Profit Verified Foreign institutional investors have sold over Rs 22,857 crore worth of Indian equities so far in May, citing volatility and uncertainty stemming from the Lok Sabha elections and the upcoming final Union Budget. Aditya Arora, the founder and a multi-asset research analyst at Adlytick.in, anticipates more market turbulence, dubbing it "erratic behavior".The decision of the US Federal Reserve to postpone rate cuts until year-end has le...
By Anjali Rai Verified| NDTV Profit Verified India's strong earnings are bolstering its position, according to Citi Research, which has upgraded the country to 'overweight' in its emerging market allocation. Meanwhile, despite the recent rally in the world's second-largest economy, Citi Research downgraded China to 'neutral' due to the weakening fundamentals. "The emerging markets country strategy favours markets with inflecting earnings and strong earnings per share momentum," Citi Research said in a May 10 note.
Company Info
NDTV Profit
New Delhi Television Limited (NDTV) is a leading news television and digital journalism company in India, founded in 1988 by Dr. Prannoy Roy and Radhika Roy. Initially a television software production company, NDTV became India's first independent news network, providing a diverse range of news content. NDTV operates several news brands, including NDTV 24x7, NDTV India, NDTV World, NDTV Profit, and regional channels like NDTV Rajasthan and NDTV Marathi. The company also offers digital services through NDTV Convergence, managing websites, apps, and social media. Its flagship website is one of India's most popular news sites, featuring podcasts and a mobile app with subscription options for an ad-free experience. NDTV has established partnerships with international companies for advertising and content recommendations. The company is recognized for its journalistic excellence, having received numerous awards, and continues to engage a broad audience, particularly among younger, urban viewers.
Mumbai, India
+91 12 0646 2200
Founded: 1989