Regulatory proposals such as a ban on use of pet coke and fuel oil in Delhi, implementation of graded pollution response plan and introduction of CNG-run two-wheelers are expected to keep the gas volume growth high.
Going by the firm's strong December quarter performance and focus on improving project execution, investors may consider the stock as a contrarian bet.
Budget 2017 figures show that income-tax collections increased 22.8% in the current fiscal, and are projected to rise 24.9% over the next fiscal.
Their stock valuations have expanded two-three times in the past two years following the government's steps to reduce subsidy burden by deregulating pricing of petroleum products and direct benefit transfer to consumers of domestic LPG subsidy .
By contrast, sales of companies manufacturing non-essential items have been quite robust in the December quarter.
In this segment the ratio as on Tuesday was 2.5 against an average of 3.6 on the day before the budget in the past five years.
UltraTech, India’s largest cement company, reported volume growth in south India in the December quarter, in contrast with a 2% drop overall.
Trump succeeded in reversing Ford Motor's decision to set up a plant in Mexico and also struck a deal with aircon maker Carrier to move jobs back to the US.
The bottomline of refining companies is likely to get an upshot as Sing apore Gross Refining Margin (GRM) -a gauge for regional refining margins -had increased by $1.6 per barrel se quentially to $6.7 per barrel in the third quarter of FY17.
MSCI emerging market index, a key gauge for global fund managers to benchmark their portfolios, has formed the 'death cross' pattern on charts.
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