The BSE PSU Index has given a return of 23.5 per cent in the past year against the 9 per cent return of the benchmark Sensex and 11.3 per cent of the BSE100.
The Chinese stance in the steel sector matters since it accounts for almost half of global demand and half of the world's steel production.
Data for the last 10 years show a high correlation between the Nifty and Nifty IT, where Nifty follows the trend of Nifty IT with a lag of few quarters.
The stock is trading at 24 times the consensus estimated earnings for the next year, compared with 35 times three months ago.
Considering Tata Power's 30% stake in the mines, over 25 million tonne (mt) of sales is attributed to the company out of estimated total 83 mt sales from the mines for FY17.
Prices have risen by Rs 2 to Rs 37-38 per kg in the past 15 days due to expected shortage of sugarcane supply from Maharashtra and Karnataka.
For several of them, the coming quarters will see erosion in gross margins due to higher input prices which will be difficult to pass on to consumers.
Industry checks suggest that builders have already started giving 20-30% discount to potential buyers who are willing to pay the entire amount in white.
Various sectors are likely to be hit by the demonetisation move. But, there are still a few themes on Dalal Street that are perceived to be least impacted.
The yield-to-maturity (YTM) available on the most attractive tax-free bonds is around 6.18%.These coupon rates are for institutional investors.
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