#jefferies

Indian Stock Markets Dip Amid Sectoral Weakness and Global Tensions Indian benchmark indices traded lower on Friday, extending losses for the second consecutive session. The Sensex and Nifty 50 fell over 300 points and dropped below 24,250, respectively, with HDFC Bank and Coal India declining 2% each. Sectoral indices across the market showed broad-based weakness, with banking, financial services, oil & gas, realty, and metal stocks leading the decline. This signaled pressure on economically sensitive sectors, while IT, chemicals, healthcare, and midcap IT indices showed resilience with modest gains, indicating selective buying interest in defensive and technology-driven segments amid cautious sentiment. Global markets also faced mixed performance, with S&P 500 futures rising 0.2% as of Tokyo time, while Japan’s Topix fell 0.8%, Australia’s S&P/ASX 200 dropped 1.6%, Hong Kong’s Hang Seng declined 1.2%, and the Shanghai Composite fell 0.1%. Euro Stoxx 50 futures also fell 0.8%. Analysts attributed the Indian market’s decline partly to the HDFC Bank controversy, which Jefferies cited as a factor impacting banking sector valuations. Several companies saw significant price movements. Pidilite Industries shares rose 4% after reporting a 37% jump in Q4 net profit to Rs 584 crore, with revenue up 14%. In contrast, Shakti Pumps shares tumbled 7% as Q4 profit dropped 65% YoY to Rs 38.3 crore. Sonata Software shares surged nearly 10% despite a revenue contraction, driven by a 21% rise in Q4 net profit, strong EBITDA growth, and a final dividend announcement. The bonds market faced pressure as US-Iran tensions resurfaced, pushing Indian government bonds lower. The benchmark 6.48% 2035 bond yield rose to 6.9659% from 6.9328% the previous day.#hdfc_bank #jefferies #pidilite_industries #shakti_pumps #sonata_software

Reddit (RDDT) Stock: Q1 Earnings Preview Shows Mixed Signals for Investors Reddit’s shares have faced significant pressure in 2026, declining 36% year-to-date despite a 326% surge since its March 2024 initial public offering at $34 per share. The social media platform is set to report its Q1 earnings after market close on Thursday, with analysts projecting revenue of $608 million and adjusted earnings per share of $0.57. These estimates, based on FactSet data, reflect a moderation from the 61.5% revenue growth Reddit achieved in the same period the previous year. The company’s previous quarterly report had exceeded expectations, with revenue reaching $725.6 million—a 69.7% year-over-year increase—and stronger-than-anticipated EBITDA performance. However, analysts are now anticipating a slowdown in growth for the current quarter, with revenue expansion expected to rise approximately 55% compared to the year-ago period. This marks a deceleration from the previous year’s 61.5% growth rate. Daily active user (DAU) metrics are under close scrutiny, as the company’s DAUs grew 9.4% year-over-year to 52.5 million in its last reported quarter. For Q1, analysts project global DAU growth of 16%, a notable slowdown from the 30.7% expansion recorded in the same period last year. This deceleration has raised concerns, particularly as artificial intelligence-driven platforms like ChatGPT and Google AI Overviews offer users alternative ways to access information without engaging directly with Reddit. Despite the DAU slowdown, ad revenue remains a bright spot. Analysts project Q1 advertising revenue of $567 million, representing a 58% year-over-year increase.#reddit #jefferies #factset #d_a_davidson #coursera

Bajaj Finance Shares Surge Over 3% Amid Q4 Results, Brokerages Remain Bullish Despite Minor Earnings Miss Bajaj Finance’s stock surged over 3% in early trading on Thursday, extending gains from the previous day, following the NBFC’s Q4 financial results. Despite a slight miss on key earnings metrics, most brokerages retained bullish ratings on the stock, citing strong growth prospects and improving credit cost outlooks. The stock was trading at Rs 962.6, up 3.5% from Wednesday’s closing price of Rs 930. The company reported a 22% year-on-year increase in net profit to Rs 5,465 crore for Q4FY26, slightly below the CNBC-TV18 poll estimate of Rs 5,524 crore. Net interest income (NII) grew 20% to Rs 11,781 crore, also marginally below expectations of Rs 11,853 crore. Assets under management (AUM) rose 22.4% to Rs 5.1 lakh crore, crossing the Rs 5 lakh crore milestone, while new loans booked increased 20.5% to 12.89 million. Brokerages largely maintained positive outlooks, with HSBC, Nomura, Jefferies, and JPMorgan issuing “buy” or “overweight” ratings. HSBC highlighted management guidance of a 15-30 basis points decline in credit costs for FY27, projecting a 26.5% compound annual growth rate (CAGR) in earnings per share (EPS) over FY26-28. Nomura emphasized improving asset quality trends and higher profitability targets, with return on assets expected to range between 4.3-4.7%. Jefferies noted that lower credit costs and stronger fee income supported earnings, while AUM growth remained robust at 22%. JPMorgan, which assigned an “overweight” rating with a target price of Rs 1,080, stated the performance was largely in line with expectations, citing healthy asset quality and benign early delinquency trends despite external disruptions.#hsbc #bajaj_finance #jefferies #nomura #nbfc

IDFC First Bank Shares Rise on Q4 Earnings, Brokerage Views Split IDFC First Bank’s stock surged 4.79 percent to close at Rs 70.45 on Monday, driven by its Q4 FY26 earnings report and mixed reactions from brokerages. The results triggered a range of ratings, from “Sell” to “Buy,” with analysts divided on the bank’s near-term prospects but broadly acknowledging its improving fundamentals. The stock has become a focal point on Dalal Street, with discussions centered on its evolving business model and potential for sustained growth. The recent rally followed the bank’s quarterly financials, which highlighted steady earnings growth and progress in asset quality. While the stock attracted buying interest, the mixed brokerage sentiment reflects uncertainty about the bank’s ability to maintain momentum. Analysts noted that the bank’s core business trends are showing improvement, but challenges remain in areas like loan growth and deposit collection. Brokerage reactions varied significantly. On the bullish side, Jefferies and Nomura retained “Buy” ratings, setting target prices of Rs 82 and Rs 85, respectively. Both firms emphasized the bank’s strengthening asset quality and credit cost control, with Jefferies projecting a gradual improvement in return on assets toward 1 percent by FY28. Nomura also highlighted the potential for margins to stabilize in the long term. In contrast, UBS adopted a more cautious stance, maintaining a “Sell” rating and lowering its target to Rs 70. The firm cited near-term pressures on profitability and growth momentum, particularly in the context of a slowing economy. CLSA issued a “Hold” rating with a revised target of Rs 73, pointing to ongoing challenges in maintaining consistent performance.#ubs #clsa #jefferies #idfc_first_bank #nomura

HCL Tech Q4 Preview: Will Growth Surprise Investors After Weak Wipro Earnings? HCL Technologies is set to report its March quarter results, with analysts anticipating a mixed performance. While the company is expected to deliver steady year-on-year revenue growth, a sequential decline is likely due to seasonal softness in its software business and margin pressures from wage hikes and restructuring costs. The results, to be announced on Tuesday, come amid weak earnings from peer Wipro, which has raised questions about the broader IT services sector. Revenue growth for HCL Tech is projected at around 14% year-on-year, based on estimates from seven brokerages, with profit after tax likely to rise approximately 9% YoY. However, sequential performance is expected to weaken, with most analysts factoring in a decline in constant currency (CC) revenue for the quarter. Brokerages such as Emkay, Jefferies, and Kotak Institutional Equities anticipate a 0.8% to 1.7% drop in CC revenues compared to the previous quarter. This decline is primarily attributed to the seasonal slowdown in HCL Tech’s high-margin software business, which typically sees a sharp drop in the March quarter after a strong December period. Jefferies estimates a 1.6% sequential decline in CC revenue, driven by a steep 22% drop in the software segment, partially offset by modest growth of about 1% in the services business. Similarly, Motilal Oswal expects an overall revenue decline of 0.9% QoQ CC, again dragged by a roughly 23% drop in product revenues. Despite this, the services segment, which forms the core of HCL Tech’s business, is expected to remain resilient. Most brokerages are building in 1-1.5% sequential growth in IT services and ER&D, supported by steady deal ramp-ups and stable demand in key verticals such as BFSI and high-tech.#motilal_oswal #wipro #jefferies #kotak_institutional_equities #hcl_tech

Groww Q4 Review: Brokerages See More Upside Potential — Check Revised Target Prices Groww, the stock broking platform under parent company Billionbrains Garage Ventures Ltd, reported strong fourth-quarter results that have prompted brokerages to revise their target prices and outlook. The company’s revenue surged 22% quarter-on-quarter to Rs 1,536 crore, up from Rs 1,261 crore in the previous quarter. Net profit also grew significantly, rising 26% to Rs 686 crore compared to Rs 547 crore in the same period last year. These figures exceeded market expectations, leading analysts to adjust their forecasts and express renewed confidence in the platform’s growth trajectory. Following the results, most brokerages have shifted their stance toward a more positive outlook. UBS, for instance, maintained a Neutral rating but raised its target price to Rs 210 from Rs 185. The brokerage attributed this optimism to strong growth driven by operating leverage and increased market share. UBS also highlighted the company’s robust product metrics and noted that its expanding wealth management platform provides strategic flexibility, even as margins remain balanced due to continued investments offset by cost discipline. Jefferies and Citi took a more bullish approach, both reiterating their Buy ratings while increasing their target prices. Jefferies raised its target to Rs 225 from Rs 210, citing a 6% beat in profit after tax (PAT) driven by higher revenues from commodity trading and margin trading facilities (MTFs). The brokerage emphasized that new initiatives are already contributing to performance improvements and pointed to further upside potential. Citi, meanwhile, lifted its target to Rs 230 from Rs 225, praising the company’s steady execution of its wealth and product diversification strategy.#ubs #jefferies #groww #billionbrains_garage_ventures_ltd #citi

Wolfe Research Boosts Occidental Petroleum Price Target to $70.00 Wolfe Research has raised its price target for Occidental Petroleum (NYSE:OXY) to $70.00 from $67.00, maintaining an "outperform" rating. The analyst’s recommendation suggests a potential 11.8% upside from the stock’s current price. This adjustment comes amid mixed analyst sentiment, as the broader consensus remains cautious. The average rating for OXY is "Hold," with a consensus target price of $59.52, reflecting divergent views among financial institutions. Occidental Petroleum’s recent financial performance highlights its resilience. The company reported Q4 earnings of $0.31 per share, exceeding the estimated $0.18, and opened its stock near $62.61 on the day of the report. With a market capitalization of approximately $62.1 billion, OXY’s stock has traded within a 52-week range of $34.78 to $67.45. Institutional investors hold roughly 88.7% of the company’s shares, underscoring strong ownership by large financial entities. Analysts have issued varied recommendations on OXY. Barclays increased its target to $59.00 with an "equal weight" rating, while Weiss Ratings upgraded its stance from "sell" to "hold." Jefferies raised its target to $47.00 with a "hold" rating, and Bank of America lifted its price target to $45.00. Mizuho, however, boosted its target to $72.00 with an "outperform" rating, aligning with Wolfe Research’s bullish outlook. Despite these positive signals, the overall analyst consensus remains neutral, with one Strong Buy, eight Buys, fifteen Holds, and two Sells. The stock’s technical indicators reflect a mixed outlook. OXY’s 50-day moving average is at $53.21, while its 200-day average stands at $46.21. The company’s quick ratio of 0.74 and current ratio of 0.94 suggest moderate liquidity, while its debt-to-equity ratio of 0.#wolfe_research #jefferies #occidental_petroleum #barclays #mizuho

9 Stocks To Buy For Long Term: Brokerages bullish with up to 52% upside; M&M, L&T, IndiGo on list Brokerages have identified Larsen & Toubro (L&T), HDB Financial, Max Healthcare, Mahindra & Mahindra (M&M), LG Electronics, Bharat Electronics (BEL), JSW Infrastructure, Finolex Cables and IndiGo as top long-term stock picks across infrastructure, financial services, healthcare, automobiles, consumer durables, defence, logistics, and aviation. All nine stocks have been assigned Buy ratings by the brokerages, citing strong earnings visibility, demand recovery, and improving business momentum. Based on current market prices and target prices provided by the brokerages, the potential upside for these stocks ranges up to 52%, making them attractive options for long-term investors seeking steady growth. Goldman Sachs has maintained a Buy rating on Larsen & Toubro, with the stock trading at Rs 3,438.10 and a target price of Rs 4,420, implying an upside of approximately 28.6%. The brokerage noted that while near-term uncertainties may impact revenues, the medium-term growth outlook remains intact. Jefferies has assigned a Buy rating to HDB Financial, with the stock trading at Rs 634.90 and a target price of Rs 900, indicating an upside of about 41.8%. The brokerage expects gradual growth improvement, supported by better collections and easing credit costs. Jefferies remains positive on Max Healthcare, with the stock trading at Rs 964.80 and a target price of Rs 1,320, translating into an upside of around 36.8%. Expansion plans and strong demand outlook continue to support the investment case. Nomura has maintained a Buy rating on Mahindra & Mahindra, with the stock trading at Rs 3,066.10 and a target price of Rs 4,662, implying an upside of about 52.1%.#indigo #mahindra_mahindra #jefferies #larsen_toubro #max_healthcare

Tigress Financial Adjusts Price Target on Boeing to $290 From $275, Maintains Buy Rating Tigress Financial has revised its price target for Boeing, raising it from $275 to $290 while retaining its Buy rating. This adjustment comes amid ongoing market activity and evolving analyst perspectives on the aerospace and defense company. The move reflects renewed confidence in Boeing’s long-term prospects, despite recent challenges in its operations and competition from emerging players in the industry. Other analysts have also expressed positive sentiment toward Boeing. Jefferies recently assigned a Buy rating to the company, citing potential recovery in its commercial aviation segment and improved performance in defense contracts. Meanwhile, Wolfe Research lowered its price target to $250 from $275 but maintained an Outperform rating, indicating a cautious optimism about Boeing’s ability to navigate current market conditions. Boeing’s business model spans multiple sectors, with a significant portion of its revenue derived from defense, space, and security operations. These divisions include military aircraft, satellite technology, and logistics services, which collectively account for 46.3% of its net sales. The company also generates substantial revenue from commercial aviation, which contributes 30.4% of its total sales, alongside services such as maintenance, engineering, and aircraft financing. Geographically, Boeing’s operations are distributed across key markets, with the United States accounting for 53.8% of its sales. Asia and Europe follow, contributing 18.4% and 12.8%, respectively. The company’s global reach extends to the Middle East, Canada, and other regions, underscoring its diversified revenue streams.#boeing #wolfe_research #jefferies #space_x #tigress_financial

India's Cheap Weight-Loss Drugs Could Reshape Global Obesity Fight India could soon get a lot thinner—at least in theory. On Friday, the patent on semaglutide, the molecule behind Danish drugmaker Novo Nordisk's blockbuster weight-loss drugs Wegovy and Ozempic, expires in the country. This will allow domestic pharmaceutical companies to release cheaper copies or generics, triggering a rush of competition that could slash prices by more than half and rapidly expand access for people in India, and eventually in other countries too. Investment bank Jefferies has called it a potential "magic-pill moment" for India, predicting the semaglutide market could eventually reach $1bn domestically with the right pricing and uptake. Analysts expect around 50 branded semaglutide generics to enter the market within months—a familiar pattern in India's fiercely competitive pharmaceutical industry. When the diabetes drug sitagliptin went off patent in 2022, about 30 branded versions appeared within a month and nearly 100 within a year. India's pharmaceutical industry, currently worth about $60bn, is expected to double by 2030. Much of it is built on generics—a manufacturing muscle that now sets the stage for fierce competition over semaglutide. What has until now been an expensive injection largely confined to affluent patients could soon become far more common. Originally developed to treat diabetes, these drugs are now being hailed as game changers for weight loss, offering results that few previous treatments could match. Semaglutide belongs to a class of medicines known as GLP-1 receptor agonists, which mimic a hormone that regulates appetite and blood sugar. By boosting insulin release and slowing the emptying of the stomach, the drugs make people feel full sooner and stay full longer.#india #novonordisk #semaglutide #jefferies #cipla

Bandhan Bank Promoter Plans Stake Sale Amid RBI Rule, Investor Exit Needs Bandhan Bank's promoter, Bandhan Financial Services, is reportedly hiring Jefferies to explore a stake sale or initial public offering (IPO), aiming to provide exits for long-term investors like the International Finance Corporation (IFC) and GIC Ventures. This move is also intended to comply with a regulatory requirement mandating a reduction of promoter stake to 26% by 2030. The announcement triggered a sharp decline in the bank's stock price, despite recent gains. Concerns over its high valuation, declining current account savings (CASA) ratio, and challenges in management succession have complicated its path forward. The stock price plummeted to its lower circuit limit on Monday following reports that Bandhan Financial Services, which currently holds about 39.74% of Bandhan Bank, is considering significant stake sales or an IPO. These actions are driven by two primary goals: facilitating exits for long-term investors and adhering to the Reserve Bank of India's (RBI) directive to reduce promoter ownership. Global investment bank Jefferies has been engaged to assess investor interest, signaling a serious intent to pursue these options. Any large-scale stake sale or IPO could significantly alter the bank's ownership structure and valuation. Despite a roughly 30% rise in the bank's stock price over the past year, investor concerns about potential dilution and the immediate impact of restructuring have led to the steep decline. Bandhan Bank's net profit for the third quarter of fiscal year 2026 fell 51.79% year-on-year to ₹205.59 crore, though it showed an 83.78% sequential recovery. This mixed financial performance, combined with a declining CASA ratio of 27.#reserve_bank_of_india #jefferies #international_finance_corporation #bandhan_bank #bandhan_financial_services

Bandhan Bank stock falls 10% to hit lower circuit, as promoter explores stake sale, IPO to facilitate investor exits Bandhan Bank’s shares experienced a sharp decline, dropping 10% to reach the lower circuit on March 16, 2026. The stock’s fall was attributed to the promoter’s exploration of options to sell a stake in the company or launch an initial public offering (IPO), which aims to provide an exit route for long-term institutional investors such as the International Finance Corporation (IFC) and the Government of India’s General Insurance Corporation (GIC). The move is also intended to address regulatory requirements related to promoter shareholding in the bank. The promoter’s potential stake sale or IPO plan has raised concerns among investors, leading to the stock’s significant drop. Earlier in the day, Bandhan Bank shares had already fallen 7% following news of the promoter’s consideration of a stake sale. Analysts noted that the decision to explore these options reflects the promoter’s strategy to align with regulatory norms while offering liquidity to long-term investors. Jefferies, a financial services firm, was reportedly hired to evaluate the options for the promoter, including the possibility of an IPO. The bank’s board has also discussed restructuring measures as part of the broader plan to navigate regulatory challenges and enhance shareholder value. The promoter’s actions are seen as a response to evolving regulatory frameworks, which require banks to reduce promoter ownership to a certain threshold. The stock’s sharp decline highlights the market’s sensitivity to changes in corporate strategy and regulatory compliance.#jefferies #bandhan_bank #promoter #international_finance_corporation #government_of_india

Dixon Technologies: Why Jefferies Foresees 31% Global Smartphone Slump Impacting This EMS Stock Dixon Technologies, an electronics manufacturing services (EMS) company, faces potential challenges as global smartphone demand declines, according to a recent analysis by Jefferies. The brokerage firm maintained a ‘Hold’ rating on the stock, setting a price target of Rs 11,350, which represents a 13% upside from current levels. However, Jefferies highlighted risks tied to slowing smartphone sales, rising component costs, and shifting industry policies that could pressure near-term growth. Jefferies warned that global smartphone shipments could drop 31% year-on-year in 2026, driven by weakening demand and surging memory costs, particularly for DRAM used in smartphones. Higher component prices may reduce affordability in the low- and mid-range segments, potentially dampening order volumes for contract manufacturers like Dixon. The firm noted that Dixon’s mobile and EMS business, which accounts for about 90% of total revenue, is heavily exposed to smartphone market trends. Despite the near-term risks, Jefferies acknowledged Dixon’s long-term growth potential. The company produced around 30 million smartphone units in fiscal year 2025, with expectations of stable volumes in 2026 before rebounding with new client ramp-ups. Over time, Dixon’s share of India’s outsourced smartphone manufacturing market could rise from 30% in FY25 to 50% by FY27, according to the report. However, regulatory and policy shifts are complicating the outlook. The expiration of India’s production-linked incentive (PLI) scheme for mobile manufacturing is a key concern. While budget allocations for the scheme have been reduced for FY27, support for electronic component manufacturing has increased.#electronics_manufacturing #dixon_technologies #jefferies #smartphone_sales #india_pli_scheme

Coal India shares gain as Jefferies turns bullish, JM Financial maintains cautious view Shares of Coal India rose 2 per cent in early trade on Wednesday, driven by renewed buying interest and positive commentary from brokerage firms. The stock traded at ₹448.05 on the NSE at 11.24 am, having climbed to an intraday high of ₹451.80 compared with the previous close of ₹443.55. The stock had previously reached its 52-week high of ₹461.55 on January 29, 2026. Global brokerage Jefferies maintained a buy rating on Coal India and raised its target price to ₹485 from ₹450, citing improving earnings visibility and favorable demand conditions. The firm noted that after a 21 per cent earnings per share decline over FY24–26E, the company’s earnings trajectory is expected to improve with a 9 per cent compound annual growth rate over FY26–28. Jefferies highlighted a recovery in power demand, driven by expectations of an intense summer and weak rainfall, which is likely to support higher coal volumes. It also pointed to firm global coal prices potentially improving e-auction realisations for the company. Despite a steady rise in captive coal production, Coal India has retained its dominant 60 per cent share in India’s overall coal demand. The company’s long-term demand outlook remains intact, with plans for annual growth of about 5 per cent over the medium term. Domestic brokerage JM Financial, however, maintained a more cautious stance after meeting the company’s management. The firm noted that both fuel supply agreement prices and e-auction prices have stabilised after recent surges and are expected to remain steady, barring temporary spikes due to supply-side constraints. Early trials aimed at replacing imported coal, which accounts for an annual requirement of 40–45 million tonnes, with domestic supplies have shown encouraging results.#nse #jefferies #coal_india #jm_financial #coal_demand

Jefferies raises Coal India target price, says valuation reasonable The brokerage firm Jefferies has increased its target price for Coal India, citing a reasonable valuation and improved earnings outlook. The firm raised its FY26–28 earnings estimates by 1–4%, driven by higher e-auction premiums and a modest recovery in dispatch volumes. Jefferies noted that Coal India’s earnings trajectory is expected to improve, with a projected 9% compound annual growth rate (CAGR) over the next three fiscal years, following a 21% decline in earnings per share (EPS) over FY24–26E. The analysis highlights a potential revival in profitability as power demand and realisations recover. Jefferies models dispatch volumes to grow at a 5% CAGR over FY26–28, with total dispatches rising from 735 million tonnes in FY26E to 810 million tonnes in FY28E. The firm expects Coal India to benefit from a rebound in electricity consumption, supported by forecasts of intense summer conditions and a higher probability of weak monsoons. It noted that subdued power demand had previously constrained dispatches, with volumes rising just 1% year-on-year in FY25 and declining 3% in 11MFY26. However, Jefferies believes this trend should reverse as structural demand for power strengthens. On pricing, the firm highlighted higher international coal prices as a near-term positive for domestic e-auction realisations. Global thermal coal benchmarks have risen about 16% over the past week, and Jefferies is incorporating an e-auction premium of 63–69% over linkage coal for 4QFY26–FY28, compared to a long-term average of 76%. The report noted that e-auction volumes account for approximately 10% of Coal India’s total dispatches.#jefferies #coal_india #nntp #e_auction #fy26

Zurich Insurance to acquire UK's Beazley for $11 billion Zurich Insurance Group Ltd announced on Monday that it has reached an agreement to acquire Beazley, a British insurer, for 8.1 billion pounds ($10.8 billion). The deal marks Zurich’s strategic move to strengthen its presence in the specialty insurance sector, which includes areas such as cyber, marine, aviation, space, and fine art. The acquisition is expected to create the world’s leading specialty underwriter, combining Zurich’s resources with Beazley’s expertise to generate approximately $15 billion in pro forma gross written premiums. Analysts suggest the takeover could set a precedent for further consolidation in the specialty insurance market, where competition is intensifying. Jefferies, a brokerage firm, noted that the transaction might signal that Beazley’s loss exposures and those of the broader specialty insurance sector remain manageable. Zurich’s CEO, Mario Greco, emphasized that the merger would enhance Zurich’s underwriting capabilities and global distribution networks, positioning the company as a dominant player in the field. Beazley had previously rejected several takeover offers, but in February, it indicated it would recommend Zurich’s sweetened 8 billion pound ($11 billion) bid if a firm offer was made before a March 4 regulatory deadline. Shareholders will receive 1,335 pence per share, with 1,310 pence in cash and a 25 pence dividend. Despite the offer, Beazley’s shares closed 1.8% higher than the previous day but remained below the proposed price. Zurich’s shares, meanwhile, fell 1.2% following the announcement. Zurich plans to fund the acquisition through a mix of existing cash reserves, capital raising, and bridge loan facilities.#jefferies #beazley #mario_greco #zurich_insurance #specialty_insurance