According to Worldsteel Association, Chinese demand is likely to decline 4% in 2016 and 3% in 2017. The rest of the year may be weak for the steel industry.
In the coming quarters, retaining the current level of refinery efficiency will be challenging considering higher volatility in crude oil prices.
According to the announcement made by Phoenix lamps, for every 5 shares held of Phoenix, investors will get 4 shares of Suprajit.
Currently, Kansai has 15% market share in this segment compared with Berger’s 17% and Asian Paints’s 52%. To improve its share, Kansai has widened its portfolio.
NTPC’s operational performance is showing gradual improvement, thanks to improving coal availability from Coal India and reviving power demand.
DCCDL’s annual rent income is over Rs 2,500 crore. It means the rent yield (rent income divided by EV) for potential investors will be 6%.
Besides, the financial position of state electricity boards, which curb their production due to inability to pay, will improve gradually due to UDAY.
IPO watch: Analysts see short-term pain for Equitas Holdings due to transition from NBFC to banking business
Equitas started as a micro-financing company in 2007 and gradually diversified into home and used CV financing and small enterprise lending business.
Analysts expect the deal to fetch around $1.5 billion or Rs 10,000 crore with UK debt of around Rs 27,500 crore remaining with Tata Steel.
ITC’s strategy to protect sales volume by passing the recent excise duty hike on to consumers in a staggered manner may go down well with investors.
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