The price-earnings (P/E) discount of M&M as compared to Maruti Suzuki has dropped to less than 10 per cent.
The revenue growth reflects higher realisation due to rising proportion of higherpriced vehicles such as Baleno, Vitara Brezza and Ciaz.
he exercise is likely to benefit ACC more considering factors such as capacity addition plan over the next yearand cost efficient operations.
The company has realised that the current high-growth period for trucks may not last, which is why it is looking at revenue streams that are more stable.
In Parag Milk Foods IPO of May 2016, SWFs of Abu Dhabi and Norway cumulatively subscribed to 8% of the total book and nearly 18% of the total anchor book.
Under order from Saudi Arabia, L&T Hydrocarbon will develop the second phase of the Hasbah offshore gas field.
Analysts estimate that Exide has nearly two-third market share in batteries directly sold to vehicle makers and one-third in the replacement market.
The stock of India’s largest passenger car maker Maruti Suzuki gained 8% in the past one month, while its projected earnings per share for FY17 remained unchanged at Rs 195.6.
Under the new directive, it will be 12.5 per cent of $60/bbl or $7.5/bbl, new directive will impact Oil India more, since all its production is derived from Assam.
The refining segment for RIL contributes more than two-thirds of its revenue and operating profit. Hence, any change in the refining margins translate into change in profits.
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