Nykaa valuation

Share to Twitter Share to Linkedin Key News Asian equities were mostly higher overnight as bank failure contagion fears receded. The People’s Bank of China (PBOC), China’s central bank, took its foot off the gas today, injecting only RMB 30 billion into the system, down from RMB 180 billion on Friday. However, Friday’s reserve requirement ratio (RRR) cut has been well received by the market. Foreigners bought a net $625 million worth of Mainland shares overnight, the 7th straight day of net buying, and the most in a week. Mainland investors bought a net $129 million worth of Hong Kong shares, the 10th consecutive day of net buying. Financials were one of the best performing sectors in Mainland China, Hong Kong, and globally. HSBC was up +2.9% overnight. Technology was also a strong performer in Hong Kong as the Hang Seng Tech Index gained +2.5% overnight, led by gaming names on strong approvals, including of foreign games, in the lates round. … [Read more...] about China Goes Risk On

Share to Twitter Share to Linkedin We believe that Bristol Myers Squibb stock (NYSE: BMY) is currently a better pick than its industry peer, Eli Lilly stock (NYSE: LLY), given its better growth prospects. Eli Lilly is trading at 10.7x trailing revenues compared to 3.2x for BMS. Investors have assigned a higher multiple to LLY stock due to its robust pipeline and better profitability, as discussed below. If we look at stock returns, Eli Lilly, with 15% returns in the last twelve months, has fared better than BMS, down 5%, and the broader S&P 500 index, down 11%. There is more to the comparison, and in the sections below, we discuss why we believe BMY is a better pick over LLY. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Bristol Myers Squibb vs. Eli Lilly : Which Stock Is A Better Bet? Parts of the analysis are summarized below. 1. Bristol Myers Squibb’s … [Read more...] about Is Bristol Myers Squibb Stock A Better Pick Over Its Industry Peer?

Share to Twitter Share to Linkedin After an 18% fall month-to-date, at the current levels, Alaska Air stock (NYSE: ALK) looks undervalued, in our view. ALK stock fell from $48 in early March to $39 now. The MTD -18% return for ALK marks an underperformance with the broader S&P500 index, up 0%. The recent fall of ALK stock can partly be attributed to the company cutting its Q1 ’23 margin forecast due to higher fuel costs. Looking at a slightly longer term, ALK stock is down 24% from levels seen in late 2020, compared to a 5% rise in the broader S&P500 index. This 24% fall for ALK can be attributed to 1. the company’s P/S ratio, which plunged 73% to 0.5x trailing revenues from 1.8x in 2020, partly offset by 2. Alaska Air’s Revenue , which grew a solid 170% to $9.6 billion over the last twelve months, compared to $3.6 billion in 2020, and 3. a 1.7% fall in its total shares outstanding to 122 million currently. Our dashboard – Why Alaska … [Read more...] about What Led To A 24% Fall In Alaska Air Stock Since 2020?

Share to Twitter Share to Linkedin With a tightening economy, declining sales, lower valuations, and high-profile layoffs dominating the headlines, 2023 is shaping up to be a tough year for technology companies. One solution—particularly for B2B subscription businesses—is to double down on keeping their customers and the recurring revenue they generate, by investing more in the customer success (CS) teams whose role it is to keep and grow customer accounts. I spoke with You Mon Tsang, CEO and co-founder of customer success company ChurnZero , to explore why and how customer success can help companies weather the downturn, and position themselves for sustainable growth on the other side. Gary Drenik: What approaches are you seeing technology companies take to address the downturn? You Mon Tsang: Right now, we’re seeing two approaches. The first: cutting costs. The second: focusing on retention for resilient, sustainable growth. … [Read more...] about For Subscription Businesses, Customer Success Could Be The Essential Investment Of 2023.

Share to Twitter Share to Linkedin Today marks the centenary of the birth of Marcel Marceau, the great French mime artist, who is being honored by the daily Google Doodle with a brief animation of some of his most famous poses, among them leaning against an invisible wall, and pushing against an invisible wall. You can see his original versions of the same moves in this YouTube video . Marceau captivated audiences around the globe for decades with his silent performances, but his lasting impact is his validation of the axiom, “Actions Speak Louder Than Words.” The origin of the axiom can be traced all the way back to 1693 to Thomas Manton who wrote , “Actions, which speak much louder than words” ,” and forward to author Malcolm Gladwell whose international bestseller Blink: The Power of Thinking Without Thinking, described what he calls “those first two seconds” of how people make snap judgments based on first impressions. Frequently, that first … [Read more...] about Marcel Marceau, The Master Of Mime And Body Language

Share to Twitter Share to Linkedin Both REITs admit climate risk is a material risk factor in their 10Ks. Coastal Risk, a consulting firm, and I tried estimating such risk using publicly available data. We made some progress but could not go too far. We need rules on quantitative climate risk disclosures that would help investors bound such risks, contrary to claims that our current voluntary disclosure regime is adequate. Climate risk disclosures are arguably the most controversial development in the staid world of accounting and reporting in recent times. As a case study, consider the SEC’s proposed climate risk disclosure rule which is reported to have attracted over 14,000 comment letters. The proponents of more and useful disclosure (including me) argue that climate-induced physical and transition risks are real for many businesses, but the current state of required disclosure does not give investors enough information to get a reasonable handle on … [Read more...] about The Need For Climate Risk Disclosures: A Case Study Of Physical Risk Of Two REITS, EQR And ARE

Share to Twitter Share to Linkedin Contributing authors: Marilyn Chinitz and Morgan Fraser Mouchette When it comes time to divvy up assets in divorce, many couples focus on the major markers of their shared wealth like real estate, business interests, savings, and personal property. But plenty of other valuable belongings accumulate during a marriage and have to be accounted for. From our extensive experience advising high-net-worth and celebrity couples in divorce and marital agreements (pre-nuptial and post-nuptial), we can honestly say that all relationships can benefit from carefully cataloging assets in the marital estate, especially those that are held in unconventional ways. Recent publicity around certain celebrity divorces has shed some light on how to approach an equitable (or at least agreed-upon) division of the assets that aren’t necessarily top of mind, offering an instructive roadmap that all couples can benefit from. Here are some … [Read more...] about What Kim Kardashian, Brad Pitt, And Cheryl Burke Can Teach Us About Dividing Unconventional Assets Throughout A Divorce

Share to Twitter Share to Linkedin The manufacturer of the ride systems which power many of Disney's most beloved theme park attractions has been put up for sale after over-spending in a bid to build the world's most cutting-edge roller coaster. Unbeknownst to many guests, theme park giants like Disney and Universal Studios don't tend to build their own attractions. Instead they rely on specialist engineering firms to make rides to their specification or they buy off-the-shelf systems so that their designers can give them a magic touch. This trend dates back to the early days of the theme park industry when Walt Disney himself bought six ride mechanisms from California-based manufacturer Arrow Development so that they could be part of the opening day line-up for Disneyland in 1955. Arrow made rides for small-scale amusement parks but they were given a sparkle by Disney's design wizards who are known as Imagineers due to their expertise in imaginative … [Read more...] about Leading Disney Ride Manufacturer Puts Itself Up For Sale

Share to Twitter Share to Linkedin O n Wednesday , startup Relativity Space successfully launched its Terran 1 rocket from its launch complex at Cape Canaveral, Florida, after two previous attempts had been scrubbed. However, the rocket failed to reach orbit due to a failure with the upper stage engine after a successful stage separation. The rocket, which was almost entirely 3D-printed, is an industry first. Despite the failure, the event will give the company valuable data as it moves into future test launches. The company manufacture its rockets with its Stargate printers, which can help build a rocket from raw materials to flight readiness in about 60 days. “Not only did we develop a new rocket, but we also developed a brand new manufacturing platform that we've used to produce a majority of that rocket” says Relativity’s SVP of revenue operations Josh Brost. The company was founded in 2015 by Tim Ellis and Jordan Noone, both of whom had been … [Read more...] about Relativity Space Launches Its First 3D-Printed Rocket, But Fails To Reach Orbit

Share to Twitter Share to Linkedin bench·mark: to evaluate or check by comparison with a standard. /ˈben(t)SHmärk/ verb — gerund or present participle: benchmarking example: “we are benchmarking our performance against external criteria” The entrepreneurial community sometimes views the corporate fascination with benchmarking as a symptom of large company conservatism: when you don’t know what to do, check to see what your peers are doing instead of trying something new. Benchmarking is often dismissed as “paralysis by analysis” hated by fast-moving startup CEOs and institutional VCs. But benchmarking against best practices occurs for good reason. Over time, best practices emerge based on the experience of what actions led to successful outcomes. This is especially important in a field where there is little to no formal education, no certifications, and relatively distant regulatory agencies. In real estate, law, or … [Read more...] about The Importance Of Benchmarking