Tata Steel's Indian business has been doing very well. The company may see some minor disruption in the near term, but that will be offset by a turnaround in its European business.
Rates of the alloy, which is used in production of steel, have risen in global market due to high demand from China and shortage in supply.
In terms of percentage, the biggest loser in the big bull's portfolio is the casino company Delta Corp, whose shares plummeted over 40% in the last 15 days.
India's largest lender SBI is likely to be the biggest beneficiary from the deposit rush driven by demonetisation as it'll greatly reduce the cost of funds.
The company's website says it holds patents in high-strength paper and its manufacturing process, some of whose features are similar to those likely to be incorporated in the new currency notes.
Fund managers and analysts that ET spoke with say Mistry was doing all the right things for shareholders, mainly deleveraging and making businesses more efficient.
Retail business has been a drag on Heritage for the past several years, depressing the company's financials net profit, profit margins and return on capital employed (ROCE).
The deal will be a win-win situation for both the companies, but Heritage Foods will be the immediate beneficiary of the deal.
With the buyback, the promoter holding in Hindustan Zinc is set to rise allowing greater control over the board, and make it possible for Agarwal to bring all group businesses under one company -Vedanta.
The stock may correct a little more because of the recent developments; but analysts believe that from a purely fundamental point of view, this shouldn't matter too much.
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