The Psychedelic Paintings of Yu Maeda

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The psychedelic work of Yu Maeda mix creatures, shifting views, and touches of the artist’s expertise in graphic design. Born in Kumamoto, Japan, and at the moment based mostly in Southern California, the artist combines influences from the entire fields he’s touched, together with animation. A few of his extra symmetrical works resemble Tibetan Buddhist mandalas, whereas others tackle a extra portrait-style have a look at his monsters. Extra Supply hyperlink from WordPress https://ift.tt/2OkGLyn via IFTTT

Maruti Suzuki Share Price: Maruti Suzuki shares lose team on Q2 profit hit


NEW DELHI: Shares of Maruti Suzuki declined over 3 per cent early Friday, a day after the carmaker posted its first profit drop in 18 quarters.

The company reported a decline of 10 per cent in net profit for the September quarter on lower demand, higher promotional expenses and currency woes.

The stock was 0.82 per cent down at Rs 6,669.80 at 10.10 am. The benchmark Sensex fell 0.69 per cent to 33,456.

Maruti Suzuki has declined 32 per cent from its recent highs as surging raw material costs and a falling rupee – Maruti pays about three-fifths of its royalty dues in yens – weighed on the stock, ET reported.

The company sees adverse foreign exchange and rising commodity prices, but is confident of its product portfolio.

Financial firm Morgan Stanley has an ‘overweight’ view on the stock, with a target price of Rs 8,725. The brokerage said the management of the company maintained its FY19 outlook and acknowledges near-term headwinds.

Brokerage firm Phillip Capital has a buy call on Maruti Suzuki. However, it cut the target price to Rs 8,000, from Rs 10,500 earlier.

“While the quarter was largely in line, the outlook seems volatile. We keenly look at how demand shapes up in the run-up to Diwali. If demand fails to pick up, bloated inventory at the dealers’ end would mean a significant increase in discounts, which would impact already pressurised margins,” Phillip Capital said in a report.

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