Vedanta’s earnings and profit margins are likely to remain subdued in the coming quarters as well.
The Nifty is now the fifteenth best performing index among the 20 most-followed global indices.
Tata Power has around 50 subsidiaries (40 are wholly-owned), 37 JVs and 8 associates.
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.
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