The discount of P/BV of BSE Midcap to the Nifty fell to 26% in September 2014 against 40% at the start of 2013.
“A slowdown is a good time to review the business, and try to reduce cost and improve efficiency,” says RC Bhargava, chairman of Maruti Suzuki.
Bharat Forge has also built a howitzer from scratch that Kalyani says has far greater firepower than even the Bofors gun that's currently in use.
Domestic funds have deployed nearly $1.14 billion (nearly Rs 6,900 crore) in August this year against $1.05 billion (nearly Rs 6,300 crore) invested by the FIIs.
Nifty stocks, a sub-segment of large-cap stocks, saw EPS upgrades for 21 of its 50 stocks during the quarter compared with 13 in preceding quarter.
In the past four quarters, foreign funds have increased their holding by 2.56 percentage points, of which 1.3 percentage points came in the June quarter alone.
Top mutual fund houses such as HDFC, ICICI Pru, Reliance MF and SBI Funds Management, sold large-cap bank and capital goods stocks like SBI, L&T.
US & Asia-Pacific-based strategists confident that India-specific inflows could rise despite indices being at record highs.
Every one stock held by domestic institutions, foreign funds own two, indicating higher holding of FIIs in these companies.
Tata Motors robust performance and plans for capacity addition and new launches have led analysts to raise their earnings outlook for 2014-15 and 2015-16.
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