AU Small Finance Bank gains as Edelweiss initiates coverage, sees 24% upside

Edelweiss Securities has initiated coverage on AU Small Finance Bank with a buy rating and target price of Rs 880 apiece, implying 24 percent potential upside from current levels. At 0916 hours IST, it was quoting at Rs 712, up Rs 3.85, or 0.54 percent on the BSE. The non-banking finance company continues to deliver high loan growth without any asset quality incident and 30 percent-plus asset CAGR remains plausible for an extended period, the brokerage said. It feels operating and financial leverage will continue to play through and return on average…

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Acer at IFA 2018: Acer Swift 5, Aspire Z 24 All-in-One PC, OJO 500 Mixed Reality Headset, and More

Acer launched numerous new hardware products at its pre-IFA 2018 event in Berlin. HIGHLIGHTS The Acer Swift 7 was previewed at the event The OJO 500 headset comes with a detachable design Several gaming accessories were also unveiled Taiwanese electronics giant Acer on Wednesday made a lot of major hardware announcements at its pre-IFA 2018 event in Berlin. These include a preview of the Swift 7, pricing and availability details for the Acer Swift 3 and Acer Swift 5, new gaming monitors and accessories in the Predator and Nitro gaming series, refreshes across…

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