Better earnings visibility, lower free float and superior growth prospects are helping Indian companies to command higher price-book value compared with their global peers.
Is the world done with emerging markets? The answer is in the winds of change reflected on the MSCI Emerging Index.
A bountiful monsoon, as forecast, would ensure improvement in consumption and business sentiment. However, the recovery may well be accentuated by a low base.
The blend of rich product mix and lower fixed cost per unit increased operating margin by 410 basis points year-on-year to a record high of 15.5% in the March quarter.
Owning to RBI’s policy of Asset Quality Review (AQR), public sector banks’ NPAs jumped sharply in the March quarter, and slippage reached alarming level.
According to March quarter data compiled by ETIG, the average ‘earnings beat’ of Nifty companies has been 6.12% — the extent to which they outlived expectations.
JLR's operating margin was 16.2% in March and adjusted for the one-off expenditure (which company incurred on faulty airbags) the margins are at 18.4%.
The company has reported an earnings growth of 29% and a 6% improvement in realisation for the March quarter owing to an increase in market share in the domestic market.
The return on equity (RoE) of BSE 200 companies dropped to 12.10% in 2015 against 15.19% in 2013, according to Bloomberg data, and half of what existed prior to 2008.
Scrip has fallen 12% over the fortnight, but the fundamentals are strong, making it a long-term buy.
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