The current financial year (FY14) is going to be challenging for India's largest jewellery company Titan Industries, which showcases Tanishq Jewellery.
V-guard Industries stock jumped 9% to Rs 496 today following the company announcement that the company achieved a turnover of over Rs 1,350 crores for the financial year ended March 31,2013, thereby registering a growth of more than 40%.
Weak markets will make it challenging for the government to achieve its FY14 divestment target of Rs 40,000 crore.
The price of landed coal has increased from $44 per metric tonne to $100 per metric tonne after the change in Indonesian regulations.
While the coal-based generation was up by 3.0% year on year, gas based and hydro based generation was down by 45% and 19% year on year respectively.
The company also recently indicated that it plans to take price hikes in the first quarter of 2013-14, which will further improve its margins.
CIL is trading at its lowest valuation since its listing in 2010 because of growing concerns among investors relating to its ability to raise coal prices.
"We are no longer interested in diluting stake in these formats as debt has come down to a comfortable level," Future Group chairman Kishore Biyani said.
Venky's India's earnings are likely to more than double in the calendar year 2013. 2012 was a tough year for Venky's India.
In the last three years, the gas production in Indian has fallen by 34%, adversely affecting the capacity utilization of the gas based power plants in India.
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