Sobha Developers and Prestige Estate have gained investor interest after reporting strong sales for the September quarter, beating the gloom in the realty sector..
"My suggestion would be to fix the support price for PSU divestment, and create a longer window for the sale process, say around one year."
When rest of India Inc is facing heavy debt or struggling to sell, firms with big rural focus stand to profit from demand surge in villages, towns.
Mining stocks such as NMDC, Hindustan Zinc, CIL and GMDC enjoy higher pricing power, have stronger cash flows, making them more attractive.
The ET Realty Index has been the worst performer since fiscal year 2008 in comparison to all other indices falling 77%.
Higher valuations should not deter one from looking at a stock; and it is not always wise to buy falling stocks that may appear cheap.
A buyout of the residual govt stake in HZL by Sesa Sterlite — will be a catalyst that will define the next level of growth for the entity.
Although DLF’s sales grew by 5% on a year-on-year basis, the cash flows were lower than the interest it paid for the quarter.
Shares of the metals and mining companies rose sharply after it was reported that the government is contemplating lifting the ban on mining in Goa.
The business generated higher EBIDTA despite a marginal drop in volumes due to cost controls and higher average selling price.
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