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.
The company has planned a capital expenditure of Rs 1 lakh crore from FY12-FY17 and this will mostly be done through internal accruals and debt.
Slowdown in the wage growth rates and high inflationary pressures will hurt the growth of consumer companies like Hero Moto Corp, Bajaj Auto.
PowerGrid's stock holds the potential of outperforming the Sensex in the next one year.It has corrected by 10% in the last three months despite a positive outlook.
Since October, Coal India's stock has corrected by 11.5% as compared to Nifty, which has gained 2%. The key reasons for these are fall in e-auction prices, uncertainty over coal price pooling and divestments by the government.
India’s private power producers have been hesitant to announce new capacity addition plans in the absence of any clarity in policy.
Following an improvement in performance of their overseas ventures and favourable currency movement, Tata group firms have proposed a dividend of Rs 7,300 crore.
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