The demerger also suggests that the relatively new business of real estate is doing sufficiently well to sustain itself.
Net debt increased by almost 4 per cent to Rs 1.07 lakh crore.
Avanti is expected to benefit from this since it is the largest feed producer with nearly 50 per cent market share.
Gold is currently the most liquid and probably the only asset class which is appreciating.
This is in contrast to the way broader markets behaved in the period from the January 2018 to the end of August 2019.
The performance of the company’s smaller subsidiaries was also weak, resulting in consolidated profit before tax falling 62 per cent QoQ.
In the September quarter, the bank reported the highest ever quarterly slippages of Rs 1,377 crore.
In comparison, foreign institutions have 63 per cent of investments in these companies.
A very focused and conservative strategy is paying out for this south-based bank.
Lower taxes will make DMart more competitive against the e-retailers in the same space.
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