According to sources, domestic fund houses are queuing up to meet the company management, which has already conducted roadshows overseas.
Three other entities hold more than 1% in OFSS – Citigroup Global Mauritius, Mansfield Mauritius and Merrill Lynch Singapore. Together, these three hold 4.14% of OFSS.
The land holder in any real estate project has to pay tax on the gains only once the project is complete.
Unlike the case in the past 2 yrs, traders have very little expectations from this year’s Budget — coming between two major events: Demonetisation and the UP polls.
Analysts are expecting Vedanta’s standalone net debt (post Cairn merger) to be slashed by two-third by FY18-end from around Rs 56,000 at Septemberend.
The sales volume in the second half of 2016 dropped by 7% and the launches by 17%, mainly led by slowdown in the IT sector and demonetisation.
Metal stocks such as Hindalco, Vedanta, Tata Steel, JSW Steel and SAIL can give 8-15% returns in the next seven trading sessions, say technical analysts.
The company is the first fertilizer company according to its management to adopt methods for cashless transactions.
DCW, which mainly manufactures basic chemicals such as caustic soda, soda ash, and PVC, has invested over Rs 800 crore over the past four years to manufacture speciality chemicals.
Shrimps account for around 66% in value and 40% in volume of India's marine exports. Avanti sells shrimp feed to local aquaculture farmers and has 40% market share.
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