
Top tyre firms a lot more than commodity play now
Through getting several celebrity endorsements and advertisements, companies have created a space in the consumers' mind who is now willing to pay extra.
Through getting several celebrity endorsements and advertisements, companies have created a space in the consumers' mind who is now willing to pay extra.
GNFC’s performance was under pressure largely due to loss in the toluene diisocyanate (TDI) division, key chemical used in foams and mattresses.
The cost of coking coal is around 17-18% of the total cost for the company's Indian operations. The proportion may increase to 30-35% due to higher price.
Coking coal prices have doubled since June and may reduce the operating margin in the coming quarters, taking away a part of the benefits of higher realisations.
In India, seeds is a faster growing industry than crop chemicals. In India, the seeds industry is growing at 15% and agro chemicals in single-digits.
Over the years, it gradually expanded in India -its second line of business -supplying speciality sauces and frozen foods to several hotels and QSRs.
Good rains to also boost sales; fans & lights makers likely to post 36% and 76% growth, respectively, from FY15 to FY20, said Crisil.
Deutsche Bank is of the view that the current sequence of events is similar to what Bharti faced during the launch of Reliance Communications (RCom) in 2003.
According to sources, few buyers have shown interest and the promoter is demanding a slightly higher price. This may be a negotiation tactic.
An expected turnaround in its retail business will be an additional trigger for the stock which has given 80% returns in the last one year.
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