Investors are buying crude oil as gradual economic recovery globally is expected to boost energy consumption.
Companies with exposure to the solar power segment have seen a bull-run since the beginning of this year, with stock prices jumping three-and-half times.
Among the most liquid tyre stocks, Ceat, Apollo Tyres and Balkrishna Industries top the list globally for returns.
The valuation gap between mid-and-small size and large cement companies had been wide enough for investors to grab these companies.
Although Blue Star has had big projects over the past 4-5 years, these projects fetched very low margins. Among the main reasons for this was the delay in execution.
They have bought shares in auto-ancillary companies such as tyres, forgings and battery makers instead of investing in vehicle manufacturers.
Benchmark brent crude oil prices surpassed $114 per barrel as the government in oil-producing Iraq continued to lose hold over cities in a growing sectarian conflict.
While UltraTech is valued at $195 per tonne, the implied valuation of Grasim stands at $110, a discount of about 43% for value it has derived from UltraTech's assets.
PSUs have driven earnings charge in May 2014 after a dismal run for some time, with financial and energy cos boosting earnings growth for FY15.
Despite sales volume growth between 8% and 55%, analysts say it is too early to revisit their sales volume assumptions made for the next two financial years.
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