At the end of the week before last, Nifty’s dollar returns for 2019 were at 8 per cent.
With the plan to merge with Thyssenkrupp abandoned, Tata Steel may have to sell sizeable assets.
Titan is the fastest growing large consumer company and could outperform the industry.
Vedanta’s earnings and profit margins are likely to remain subdued in the coming quarters as well.
The Nifty is now the fifteenth best performing index among the 20 most-followed global indices.
Tata Power has around 50 subsidiaries (40 are wholly-owned), 37 JVs and 8 associates.
Co expects strong consumption overseas in FY20 to support earnings
Investors will do well to look at cos with distinct moats and predictable profits
11 out of 15 FII- heavy stocks turned negative over the past one week.
However, EBIDTA/tonne was Rs 13,619, compared with Rs 16,408 in the preceding quarter.
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