Ferrari guided for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of between 1.70-1.73 billion euros this year, versus a previous forecast of between 1.65-1.70 billion euros.
Interestingly, the study of August returns suggest that the Nifty shuffled between red and green in the month of August during the last one year as it has delivered positive returns in the even years, whereas negative returns in the odd ones.However, 2021 was the only exception when it logged its best performance, rising close to 9 per cent in August 2021. On the other hand, it has gained 1-3 per cent in the August months of 2012, 2014, 2016, 2018 and 2020.
“Our big theme is that it is time to go wide in Indian markets which means that unlike consensus we are bullish on the midcap and the smallcap sectors. They have corrected significantly that valuations are now below those of largecaps and the breadth of investment opportunities is significant. So broadly domestic oriented sectors till the time we get more clarity.”
Growth at its delivery business was slowing but Uber expected ordering in to become the standard for consumers as it continues to add new partners. The delivery segment's revenue rose 37% to $2.69 billion, while that of ride-share business surged 120% to $3.55 billion in the quarter ended June 30.