Indian steel companies reeling under mounting imports from China, South Korea and Japan have urged the government to impose `safeguard duties'.
Shares of TRF, a Tata group company, have crashed 28 per cent in the last two trading sessions as investors were disappointed.
Reason is the strong earnings growth reported by the smaller companies in the first quarter in an otherwise abysmal result season.
Nestle India shares closed at Rs 6,552.1 on the BSE on Friday, recovering from Rs 5,539.8 on June 8, the first trading day after the nationwide ban was imposed on Maggi noodles.
Higher cash flows will help these cement companies to deleverage their balance sheets which can lead to re-rating of these stocks.
After a sharp fall over the last one year, stocks of state-owned mining companies -NMDC and Nalco -look attractively valued for investors.
SpiceJet surprised the street by showing a strong turnaround in the June quarter, which usually is not the best season for the aviation industry.
The stock of Hindustan Petroleum Corporation (HPCL) has shot up by 50 per cent in the past three months, reflecting analysts’ expectation of improving cash flows
HPCL had increased focus on this business when the company was struggling to grow its petrol pump fuel business during the regulated price regime.
DLF shares hit a new low, correcting 15 per cent in the past one month, Unitech plunged to a 9-year low after falling 17 per cent in one month.
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