Latest news with #Nomura
Business Insider
4 hours ago
- Business
- Business Insider
Nomura Sticks to Its Buy Rating for Cummins India Limited (CUMMINSIND)
In a report released today, Umesh Raut from Nomura maintained a Buy rating on Cummins India Limited (CUMMINSIND – Research Report), with a price target of INR3,800.00. The company's shares closed yesterday at INR3,268.10. Confident Investing Starts Here: Raut covers the Industrials sector, focusing on stocks such as Larsen & Toubro Limited, Afcons Infrastructure Limited, and CG Power & Industrial Solutions Ltd. According to TipRanks, Raut has an average return of 5.8% and a 58.33% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cummins India Limited with a INR2,510.00 average price target, a -23.20% downside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a INR3,775.00 price target. Based on Cummins India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.16 billion and a net profit of INR4.63 billion. In comparison, last year the company earned a revenue of INR21.85 billion and had a net profit of INR3.54 billion
Business Insider
4 hours ago
- Automotive
- Business Insider
Nomura Sticks to Their Hold Rating for Bajaj Auto Limited (BAJAJ.AUTO)
Nomura analyst Kapil Singh maintained a Hold rating on Bajaj Auto Limited ( – Research Report) today and set a price target of INR10,020.00. The company's shares closed yesterday at INR8,607.00. Confident Investing Starts Here: According to TipRanks, Singh is a 3-star analyst with an average return of 6.0% and a 66.67% success rate. Singh covers the Consumer Cyclical sector, focusing on stocks such as Bajaj Auto Limited, Eicher Motors Limited, and Exide Industries Limited. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bajaj Auto Limited with a INR9,161.00 average price target, which is a 6.44% upside from current levels. In a report released yesterday, Macquarie also downgraded the stock to a Hold with a INR8,811.00 price target.
Yomiuri Shimbun
19 hours ago
- Business
- Yomiuri Shimbun
Japan's Nomura Committed to Growth of US Business, CEO Says
Reuters file photo Nomura Holdings Inc. Chief Executive Kentaro Okuda attends a news conference in Tokyo, Japan May 17, TOKYO, May 30 (Reuters) – Nomura Holdings 8604.T, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. 'Although America can be said to be the epicenter of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities,' CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion – its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. 'We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing,' Willcox said. 'We run a global business so that's fine,' Willcox added.
Bloomberg
a day ago
- Business
- Bloomberg
US-China Trade Truce Spurs Rush to Beat Tariffs
A big shift in regional trade is underway following US President Donald Trump's announcement – and temporary pause – of the so called 'Liberation Day' tariffs. Exports from Southeast Asia are surging, as companies around the world frontload and reroute shipments of parts and final goods such as toys and smartphones. Which countries are benefiting the most from this demand and the intensifying strategy of 'China+1', how long will these high export levels be maintained, and what are the risks for consumers and companies? Katia Dmitrieva speaks with Robert Subbaraman, head of global macro research at Nomura, about the latest on the trade front.
Japan Times
a day ago
- Business
- Japan Times
Nomura's smoking ban leads to less staff lighting up
Nomura's drive to cut the smoking rate among its staff is bearing fruit, pushing the firm closer to its goal of improving health among its employees. Close to 15% of staff at Japan's largest brokerage were smokers in the fiscal year ended March 2024, down from 21.4% as of March 2018, according to an investor presentation that included details on its other health management initiatives. Nomura, which has more than 14,000 employees in Japan, had set a target to reduce the smoking rate to 12% by March 2026. Nomura's health and productivity management goals for staff include promoting walking habits. It has also introduced subsidies for egg-freezing services starting in April, to give female employees more options to plan their lives and careers, the firm said in its presentation. The firm, which has been providing financial aid since 2017 to help workers quit smoking, asked staff during the COVID-19 pandemic in 2021 not to smoke while working, even at home. However, the rules were based on mutual trust and didn't include a punitive clause. It also removed smoking rooms from its offices, and encouraged staff who light up during their lunch break not to return to the office within 45 minutes of smoking. The lower smoking rate at Nomura reflects a larger national decline in Japan and other developed markets, as people become more aware about health risks linked with cigarettes. The government aims to have only 12% of people age 20 or older still smoke by 2033, according to the Ministry of Health, Labor and Welfare website. More than 15% of Japanese adults were smokers as of 2024, according to a survey by the ministry last year.
