The Indian iron & steel industry, which is struggling to cope up with lower demand and falling steel prices could be further.
“P&G’s India business has been growing at over 20% for a decade, but it is still a small part in its global revenues.”
The proposed real estate bill, if implemented, will hamper cash flows and escalate the cost of capital of realty firms.
The earnings growth of Titan Industries will take a hit due to the recent policy changes effected by the Reserve Bank of India to curb gold imports.
Analysts expect the company will be able to generate a cash flow of close to Rs 5,000 crore over the next five years through land sales and project launches.
However, analysts reckon that the latest deal may not lead to a re-rating of the company's stock as even after the contracts, its debt will remain high.
Despite significant debt reduction through an asset sale programme and launch of a major project, the company’s stock has corrected by 25% in the last three months.
Hindalco is unlikely to do well unless aluminium prices recover or the company gets clearance for its captive coal blocks in Madhya Pradesh.
The initial public offer is to provide part exits to the existing investors and not to raise capital for the business investment.
The co's EBIDT margin for the March quarter was 5.5% in comparison to 9.6% in the corresponding quarter of the previous year, due to higher advertisement spends and raw material cost.
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