As the market leader, Maruti will likely be the first to benefit from the recovery.
Sluggish earnings growth in the next two years could weigh on the ascribed price-earnings multiple of the company.
RIL computes depreciation for the telecom on ‘expected pattern of consumption'.
FPIs invested about Rs 32,000 crore in Indian equities in the June quarter.
Autos, metals and telecom stocks have led the downgrades in earnings estimates.
Amid all this bloodbath, technical statistics do hold out some hope – at least for the August series.
India is the third-largest oil-consuming nation in the world after the US and China.
In fuel marketing, the company has given 49 per cent stake to BP for Rs 7,000 crore.
RIL invested Rs 1.32 lakh crore – another record in the sixyear period.
The company is investing more than its cash profits — resulting in debt build up.
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