Colgate’s net sales and net profit have remained mostly flat for the last 12 quarters.
In August, Coal India’s production and sales fell 10.3 per cent on year, to their lowest level in the past three years.
The worst hit could be Indian Bank as Allahabad Bank has net NPAs exceeding its net worth.
That means three out of India’s four largest steel producers could head into a loss.
Total traded value of gold on the exchange for July and August has tripled over last year.
In the past two months, Brent crude prices have fallen 8 per cent to $53 per barrel.
Output increased 15.2 per cent in the four months to July this fiscal.
“We expect NMDC’s profitability to be impacted by potential loss of leases in Chhattisgarh that are coming up for renewal soon,” said Amit Dixit, metals analyst at Edelweiss.
Analysts expect a 19 per cent earnings growth in the current fiscal, despite a weak first quarter.
Maggi regains volumes lost after the 2015 crisis, stock could see higher demand
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