Unlike the case in the past 2 yrs, traders have very little expectations from this year’s Budget — coming between two major events: Demonetisation and the UP polls.
Analysts are expecting Vedanta’s standalone net debt (post Cairn merger) to be slashed by two-third by FY18-end from around Rs 56,000 at Septemberend.
The sales volume in the second half of 2016 dropped by 7% and the launches by 17%, mainly led by slowdown in the IT sector and demonetisation.
Metal stocks such as Hindalco, Vedanta, Tata Steel, JSW Steel and SAIL can give 8-15% returns in the next seven trading sessions, say technical analysts.
The company is the first fertilizer company according to its management to adopt methods for cashless transactions.
DCW, which mainly manufactures basic chemicals such as caustic soda, soda ash, and PVC, has invested over Rs 800 crore over the past four years to manufacture speciality chemicals.
Shrimps account for around 66% in value and 40% in volume of India's marine exports. Avanti sells shrimp feed to local aquaculture farmers and has 40% market share.
The BSE PSU Index has given a return of 23.5 per cent in the past year against the 9 per cent return of the benchmark Sensex and 11.3 per cent of the BSE100.
The Chinese stance in the steel sector matters since it accounts for almost half of global demand and half of the world's steel production.
Data for the last 10 years show a high correlation between the Nifty and Nifty IT, where Nifty follows the trend of Nifty IT with a lag of few quarters.
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