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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A Tiny Technology Stock Ready To Explode On The Upside

Investors focusing too much attention on large technology stocks like Apple, Google, and Microsoft have perhaps missed a tiny technology company ready to explode on the upside, Universal Display, as Qualcomm’s stock did back in the 1990s and the early 2000s. Universal Display is up 582% over the last five years. And that may be just the beginning. Universal Display and Qualcomm are in different segments of the technology industry. Universal is a developer and manufacturer of organic light-emitting diode technologies and materials. It also provides services to the display and lighting industries….

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Sterling crumble: brief-time period upside for ELT?

Talking with The PIE news, Krister Weidenhielm, head of merchandise & partnerships at ESL, considered one of the biggest ecu training counselling businesses, showed he expected to peer better demand across their multiple ecu locations for the UK. “perhaps it’s going to boost up the conversion of positive humans [to study in the UK], or for folks that had been nonetheless thinking in the event that they pass to ireland, or to the United Kingdom or to try Malta or anyplace, it’s going to clearly put the UK on a…

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