United Spirits’ (USL) decision to approach the Board for Industrial and Financial Restructuring (BIFR) is based on the sharp fall in its net worth.
A 15-year history of the benchmark returns suggests that the year 2016 may not be as bad as 2015 for the domestic equity market.
Tata Steel, which is Britain’s largest steelmaking company has been trying to sell its long products unit, since last year.
Greenlam is a subsidiary of Greenply and has a strong Indian presence while Stylam is more into exports and has primarily a B2B (business-to-business) model.
If promoters raise their stake in the company, it is considered as a positive indicator implying that the stock is available at a cheaper valuation.
GPT Infra has business presence in other Asian and African markets and has plants in West Bengal, South Africa and Namibia.
Niche products and cost control has allowed Sarla Performance to grow in each of the last seven years with operating margin in the 18%-20% range.
China imported 7 per cent less cotton yarn from India in the three months to October 2015 over the preceding three months; the fall in import was sharp in October.
PC Jeweller has managed to deliver 65% stock return in the last one year and a whopping 350% jump in the last two years.
The scrip of country’s largest cigarette maker, which sells three out of four cigarettes, fell by 6.57% on the Bombay Stock Exchange (BSE).
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