The mid-cap indices on both the BSE and the NSE have been hitting new all-time highs for the past 3 days while the Nifty smallcap index is at a 7-yr high.
According to the data released by the commerce ministry, the monthly steel imports have been over 1 million tonnes for the last few months and are rising.
ETIG has identified some of the companies that may see a potential separate listing of the smaller or less profitable businesses.
These would include makers of explosives and detonators for the mining industry, as well as mining equipment and commercial vehicle manufacturers.
A merger will facilitate the launch of new products like options and indices’ trading as well as participation by banks, MFs and FIIs.
Lack of fresh triggers post Budget, mixed view on future rate cuts, and tight liquidity in March led traders to book profits.
The stock of Jubilant FoodWorks has gained 54 per cent over the past year following expectations of a revival in urban consumption.
Malhoutra has transformed Dynamatic Technologies from making hydraulic pumps into a key global suppliers of complex parts to Airbus, Boeing.
This would be negative for the realty players there would be a sharp rise in the supply, impacting the pricing power.
The imports are mainly from China, Japan, Korea and Russia, which are already struggling with excess capacities and weak demand.
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