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Bosses did not appreciate the effects of the Horizon scandal on the business in 2019, chief executive Nick Read has conceded.
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The airport on Tuesday hosted a groundbreaking ceremony for the first phase in its about $24 million project for infrastructure enhancements.
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Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were set at Rs 5,000, Rs 785, and Rs 1,300, respectively. Nomura expects Indian AMCs to maintain their valuation premium due to higher growth potential and better profitability.
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