That’s not the most encouraging piece of statistics for valuations at TVS.
Hero MotoCorp’s earnings growth in FY19 dropped 7.5 per cent, the first in five years.
Market may shrink by up to 7% by 2021 as Maruti won't manufacture diesel cars after April 2020.
Maruti said FY20 is unpredictable as the impact of regulatory changes is unknown.
The IPO appears to be richly valued when compared with listed peers.
Fund managers are most bearish since October 2016 on 12-ky assets such as EM equities.
Singapore GRM — a gauge of regional refining margins — fell 25% sequentially to $3.2 per barrel.
Historically, election trades have yielded impressive gains.
With the inked index finger as a proof, companies are offering discounts as high as 30 per cent to consumers.
Out of the top 10 stocks that pushed the index to a new high, seven are from the banking space.
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