RIL's upstream energy projects are back in focus after expansion of the partnership with BP.
Companies with extensive wholesale channel sales and distributor stocks in consumer staples are mostly likely to be hit by this unexpected headwind.
The share sale is happening between an indicative range of Rs 417 and Rs 440 per share.
ET has seen emails that the companies have sent to dealers promising financial support, the quantum of which depends on factors such as meeting sales target.
A scrutiny of allocation of institutional funds shows that FPI are overweight on financials.
Analysts are observing more caution in predicting single-digit volume growth for the year.
The company is expected to clock 15 per cent annual earnings growth between FY16 and FY20.
It plans to enhance its exports to 33 per cent of sales in the next few years from 10 per cent now.
M&M’s management has forecast tractor volume growth of 10-12 per cent for the current fiscal.
A stronger order book, expected higher operating margins auger well for company.
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