The price trend of the global benchmark shows that domestic gas price is likely to be cut by $0.6 per MMBtu to $2.74 per MMBtu from the gas prices set for the first half of FY17.
IMF recently said that the GST once implemented will have a far-reaching effect thereby raising India’s potential growth rate to 9-10% from the current 7.5-8%.
The marketing arms of OMCs accounted for 60-76% of operating profit last fiscal. Thus, when consumption growth in July was at 16-month low, it raised concerns.
According to an ETIG analysis, their portfolio allocation to the sector increased by 1.5 times to a four-year high of 10.3% in the June 2016 quarter.
With these moves, Maruti Suzuki hopes to rein its royalty payments to sub-5% range in the coming years. The carmaker's royalty payment to Suzuki has ranged between 5.3% and 6.2%.
The earnings of Eicher Motors are expected to grow by 35% annually between FY16 and FY18, according to Bloomberg consensus estimates.
ET Intelligence Group compiles a list of five companies where investors can look to invest. These include L&T, BPCL, SBI, LIC Housing Finance and Adani Port.
Peer Talbros Engineering trades at a trailing PE of 19.5. GNA has better margin and return on equity than its comparable peers.
Hawkish stance taken by global central banks may stoke volatility in financial markets. Experts have assigned a probability of 30% to a Fed rate hike.
Given a high asking valuation and subdued market sentiment for technology stocks, long-term investors may wait for the secondary market buy instead of the IPO.
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