According to Credit Suisse, if Brexit triggers a global slowdown Malaysia, Hong Kong, Vietnam and Singapore will be most affected; while India, Indonesia and China will be least impacted.
A large number of Indian companies derive a meaningful portion of their revenues from operations in, and exports to, the United Kingdom and the Euro region.
During times of high volatility in stock market and delayed earnings growth, it makes sense to look for companies that have created value for the shareholders.
According to EPFR data, a Boston-based fund tracking company, foreign funds have hiked allocation to Brazil and Russia by 30% in April and May.
Jhunjhunwala, Nemish Shah, Azim Premji and Ashish Dhawan are among those who have 20-60% of their portfolio in consumer discretionary and staples.
Better-than-expected GDP growth of 7.9% in the last quarter of FY16 and 7.6% in the full year, in line with estimates, makes for a robust economic narrative.
Declining prices in 2014 and 2015 contributed substantially to India’s fiscal performance in the Modi government’s first two years.
The Mozambique field has two areas. Area 1 is the field in which BPCL holds 10%, operator for which is Anadarko, and Area 4 is operated by ENI.
For the March quarter, the company delivered on revenue and margin guidance, but missed out on order inflows estimates.
In FY16, Minda’s revenues grew 13%, while profit jumped 64% to Rs 111 crore after the turnaround of two loss-making units, higher operating efficiencies and pruned cost of operations.
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