Co expects strong consumption overseas in FY20 to support earnings
Investors will do well to look at cos with distinct moats and predictable profits
11 out of 15 FII- heavy stocks turned negative over the past one week.
However, EBIDTA/tonne was Rs 13,619, compared with Rs 16,408 in the preceding quarter.
By next year, the company will add 75 master distributors taking the total count to 200.
Over the past one year, Nifty has gained 6 per cent, dragged by a fall in the rupee.
Nifty is poised to cross the 12,000 mark according to experts.
There are a few reasons for the valuation gap to narrow.
According to the swap ratio, LVB shareholders will receive 14 shares of Indiabulls Housing for 100 shares they hold in the bank, subject to regulatory approval.
LVB’s stock price on Wednesday was 0.107 times that of IHF.
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