Monday was the last day of the bidding process that was initiated by the insolvency resolution professional (IRP).
The recent fall could only be a correction and not a bear market.
Analysts believe that tax increases this year may not be as steep as they previously were.
Currently, the stock is trading at 92 times its FY18 earnings and 61 times FY19 earnings.
After curbs on illegal mining in 2010, India’s ore production fell from 220 MT in FY10
HUL posted a strong December quarter performance with 11% year-on-year volume growth.
Metals maven Anil Agarwal, the promoter of Vedanta, increased his holding in December 2015 at an average price of around Rs 85.
With price increase, the management expects company’s revenues to rise by Rs 1,960 crore.
Jaypee paid 25% of the principal outstanding ($27 million) upfront. For the remaining, it issued two separate series of bonds maturing in September 2020 and 2021.
JSPL is India’s leading manufacturer of long steel products other than state-owned SAIL.
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