Prominent markets such as the USA, the UK, South Korea, Canada, India and Indonesia are trading close to their record highs.
The valuation of TVS Motors seems to be pricing in the success of Victor and its guidance of 10% operating margin for FY18 , looks too optimistic.
Majority of these companies operate in sectors where the unorganised sector’s share is fairly high between 40% and 70%.
Once GST is implemented, unorganised companies will not be able to undercut rivals as tax evasion is set to become difficult.
The build-up of bullish bets during the month is the highest since March 2015 and FPIs have been net buyers of stocks in 9 out of the 11 trading sessions.
Analysts believe that BHEL has been using aggressive pricing to win orders and put its capacity to use. This together with the wage increase would impact profitability.
Last week after Britain chose to exit the European Union, it fell sharply in anticipation of adverse impact on its UK subsidiary — JLR.
Analysts were expecting regasification volume of Petronet LNG at Dahej terminal at about 11.2 MTPA in FY17 and 14.2 MTPA in FY18.
Financials Revenues grew at compounded annual rate (CAGR) of 52% to Rs 3,442 crore between FY12 and FY16, while the profit grew at CAGR of 81%.
Escorts has installed a capacity of 1 lakh tractors per annum. It earns 80% revenue by selling tractors. Around one-third of the income of a tractor owner depends on non-agricultural activities.
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