
MakeMyTrip announces proposed primary offering of 14M shares of common stock
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Morgan Stanley Initiated Coverage of Sun Communities (SUI) with an Equal Weight Rating
Sun Communities, Inc. (NYSE:SUI) is one of the best residential REITs to buy. On July 17, Morgan Stanley began coverage of SUI with an Equal Weight rating and a $135 price target. Morgan Stanley thinks there are several possible outcomes for the REIT and says Sun Communities' low debt gives it room to make new acquisitions. The company is in good financial shape, though it might be slightly overvalued based on its fair value. It also has a strong history, having paid dividends for 33 years straight, with a current yield of 3.32%. The investment firm believes SUI will mainly focus on manufactured housing and recreational vehicle properties, with more attention on the former based on what management has shared. They also expect Sun Communities to work on making its current operations better by raising rental rates and running things more efficiently. An aerial view of a REIT-developed multi-housing property. In 2024, Sun Communities, Inc. (NYSE:SUI) worked on getting rid of assets that did not fit its core strategy and made its operations and finances simpler. This included selling its Safe Harbor marina business, while still keeping its properties in the UK. Morgan Stanley analysts expect that Sun Communities might still sell its Park Holidays business, which they believe the market would see as a good move. However, with the company's improved debt position, it may not feel as much pressure to sell right away. Sun Communities is a public REIT that owns and operates manufactured housing and RV communities. As of 2025, the REIT owns or holds a stake in 500 properties across the US, Canada, and the UK. While we acknowledge the potential of SUI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
2 hours ago
- Yahoo
Morgan Stanley Starts Coverage of Equity LifeStyle Properties (ELS) with an Equal Weight Rating
Equity LifeStyle Properties, Inc. (NYSE:ELS) is one of the best residential REITs to buy. On July 15, Morgan Stanley began coverage of ELS with an Equal Weight rating and assigned a price target of $67.5. The firm anticipates year-over-year growth in Core Income from Property Operations for ELS at 5.6% in 2025, 4.5% in 2026, and 4.7% in 2027. The company also maintains a robust track record of shareholder returns, with 19 years of consistent dividend increases. 20 Major Cities with the Highest Home Price Increases Since the Pandemic Morgan Stanley added that ELS is positioned for steady growth, with steady mid-single digit gains from internal operations and moderate external expansion, given tight cap rates on premium manufactured housing assets. Together, these factors are expected to support around 4.5% annual growth in FFO and AFFO per share from 2025 to 2027. Research indicates that manufactured housing REITs are expected to lag the broader REIT sector in FFO growth through 2025 and 2026, following a weak 2024. Equity LifeStyle Properties, Inc. (NYSE:ELS) is an American operator of manufactured home communities, RV resorts, and campgrounds in North America, offering a range of housing and recreational options in high-demand locations to meet diverse customer needs. While we acknowledge the potential of ELS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Insider
2 hours ago
- Business Insider
Tesla Robotaxis to Shake Up New York City's Yellow Taxi Industry
Billionaire Elon Musk 's most ambitious robotaxi project is set to disrupt New York City (NYC) after making inroads in Austin, Texas. This puts the future of the legacy yellow taxis in NYC in jeopardy. Tesla (TSLA) has not yet applied for all the permits required to roll out or test its robotaxis in the city, but the company has started hiring test drivers, according to job openings on its website. These test drivers will be responsible for driving the robotaxis and 'conducting dynamic audio and camera data collection for testing and training purposes.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. As Tesla prepares to enter NYC streets, traditional yellow taxis are expected to suffer, as there are several benefits to an autonomous ride-hailing service compared to a normal manned taxi service. Rivals Uber (UBER) and Lyft (LYFT) are already offering stiff competition to yellow taxis in the city by providing cheaper rides. Tesla's robotaxis are expected to offer even greater advantages, as CEO Musk has stated that regular owners can put their Teslas to use as robotaxis when they are not using them for personal purposes. Here Are the Benefits of Tesla's Robotaxis: Robotaxi rides cost less per trip because they do not require drivers or the related expenses of salaries and benefits. Robotaxi owners will not have to purchase medallions, which are government-issued metal licenses attached to the hood of yellow cabs, giving the legal right to operate a taxi in NYC. The number of medallions is limited, and they can sometimes cost as much as $200,000. Research indicates that owning a Tesla for robotaxi use could help owners earn up to $50,000 annually in passive income. Tesla's Full Self-Driving (FSD) technology has proven to be safer and more efficient than human drivers, and it is expected to continue improving over time. Tesla's robotaxis are already offering cheaper rides than Uber and Lyft in Austin, and they could continue this trend in NYC as well. Robotaxis can operate 24/7 as there are no drivers and no required breaks. They only need to halt for charging. Tesla aims to rapidly scale the number of robotaxis, which would mean more vehicles available for hire and shorter waiting times for passengers. Tesla's robotaxis have some cool features that keep riders engaged, such as app-based controls for temperature, music, and entertainment, along with a rear-seat screen for passengers. Overall, autonomous ride-hailing vehicles are reshaping the entire transportation experience. Most importantly, these vehicles are helping NYC achieve its climate goals. The city plans to transition its entire city-owned fleet to electric vehicles by 2027. Is TSLA Stock a Buy, Hold, or Sell? On TipRanks, TSLA stock has a Hold consensus rating based on 14 Buys, 15 Holds, and eight Sell ratings. The average Tesla price target of $307.23 implies 9.5% downside potential from current levels. Year-to-date, TSLA stock has lost nearly 16%.