The Paradip refinery is likely to match RIL's gross refining margin (GRM), thereby improving the margin profile of Indian Oil (IOC).
Despite the unpleasant corporate battle between Ratan Tata and Cyrus Mistry , the Tata Motors stock has outperformed the benchmark indices by a wide margin last year.
Exide Industries and Amara Raja are trading at 23 times and 17 times their respective one-year forward earnings, about 23% and 17% their respective long-term average.
The share of personal mobility segment in total volume increased to 40% in 2015 compared with 10% a dec ade ago. It is expected to increase to 50% in the next two years.
Invest in companies with a strong domestic network where the impact of demenotisation is least, and sales are almost back to normal levels.
In a recent foreign investor meet, CLSA noted that investor mood is optimistic with nearly two-third of investors believing India's structural story is intact
Several value stocks such as ONGC, PowerGrid, BPCL, NTPC and Coal India look reasonably valued since they trade closer to their long-term average.
ONGC will pay nearly $1 billion for the Gujarat-based company's Deen Dayal West field and another $200 million as `part consideration' for six other discoveries.
Every `1 change in petrol margin expands projected EPS by 6-15% for OMCs, while every 5% growth in petrol volume expands EPS by as much as 2%.
Its volume growth in the truck bus radials (TBR) segment was 44% in the first eight months of FY17 compared with the industry growth of 20%.
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