The acquisition would accrue strong synergies in the long run.
The society from which the CBI picked up Shetty on Saturday is home to senior bankers, businessmen and executives from leading private companies.
Historically, February and March have seen companies pay higher dividends.
Tata Steel’s net debt reduced to Rs 76,000 crore from Rs 78,000 crore a quarter ago.
The company’s revenues have increased from Rs 3,876 crore to Rs 5,931 crore from FY15 to FY17.
The analysts expect 35 per cent jump in the earnings of Jubilant Foodworks.
Monday was the last day of the bidding process that was initiated by the insolvency resolution professional (IRP).
The recent fall could only be a correction and not a bear market.
Analysts believe that tax increases this year may not be as steep as they previously were.
Currently, the stock is trading at 92 times its FY18 earnings and 61 times FY19 earnings.
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