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Schaeffler India is improving its export revenue mix and increasing localisation to improve overall profitability.

“There has been incremental prepayment of $134 million completed after the press release of 6 Feb 2023 ($1,114 million) and 7 Mar 2023 ($902 million), resulting in the updated debt figure of $2.15 billion for the press release of 12 Mar 2023,” the release has further clarified.

Zensar Technologies Ltd. key Products/Revenue Segments include Software Development Charges & Other Services and Software Products for the year ending 31-Mar-2022.

Saurabh Mukherjea, Founder of Marcellus Investment Managers recommends buying shares of companies that have been consistently compounding earnings year after year, but whose share prices have remained stagnant or fallen. He gives the example of HDFC Bank which has doubled in size over the last three years, compounding at a rate of 22-23%, while its share price has only risen by 3-4% per annum.

According to Ace Equity data, these stocks include Eyantra Ventures, Soma Textiles and BlueCloud Softech Solutions. Investors should be noted that these stocks are risky, as their traded volume is very less.

Domestic banks have traditionally been the primary buyers of government debt but with private sector credit growth rising, demand for government securities may decrease, said Nigel Foo, head of Asian Fixed Income, First Sentier Investors.

Adding to the concerns was CRISIL Ratings, who joined the club of global rating agencies by downgrading the outlook on Vedanta’s non-convertible debentures and long-term bank facilities to “negative” from “stable”.

The stock traded at a P/E multiple of 24.51, while the price-to-book value ratio stood at 5.01.

The investment will buy Jindal Stainless the first right of refusal for the nickel pig iron smelted at the proposed plant, but no concessionary rates. The company said that the fiscal benefits of the investment will show on its consolidated balance sheet once the plant becomes operational.

“We remain cautious on the India IT services sector, overall. We believe there will be a significant divergence in the operating performance in FY24 in the companies,” Nomura financial analysts Abhishek Bhandari and Krish Beriwal said in their recent report.