Nomura initiates ‘reduce’ ratings on Godrej Properties and Phoenix Mills. The brokerage projects an 18% downside for Godrej Properties and 11% for Phoenix Mills. Execution risks and slowing growth are concerns. Nomura cites weakening pre-sales and margin pressures. The brokerage urges valuation realism in India’s real estate sector. It highlights stretched valuations relative to sector benchmarks.
NYSE bets on all-or-nothing options as event driven trading gains traction
NYSE is preparing to launch binary return options that will let investors make all-or-nothing bets on whether stocks and ETFs finish above or below set