"While at absolute levels, the company’s debt looks to be elevated, improving cash flows are expected to keep leverage levels under check. Rising cash flows combined with healthy profitability & return ratios are key factors in favour of the company," said ICICI Securities which continued to remain positive on JK Cement and maintained a buy rating on the stock. … [Read more...] about Analysts bet on this cement stock post Q3 earnings, see double digit return
Freight and salvage
Upcoming BS VI emission norms remain the near term driver for the company. This is expected to lead to pre-buying as new BS VI compliant vehicles would be expensive than the current ones. Additionally, the government’s scrappage policy would potentially lead to replacement of 200,000-300,000 trucks which are over 20 years old. That should also augur well for the automotive player. … [Read more...] about Bharat Forge Q3 runs into a speed breaker, valuations lofty
These operators will have to design, procure, finance, operate and maintain the trains for a contracted period of 30 years. Railway rakes could be leased out if a request is made, Yadav said. On whether no export policy or Make in India norms would be applicable for this exercise, he said no decision has been taken yet. … [Read more...] about No maximum limit set for ticket price on privately-operated trains: Railway Board chairman
Scindia had said he would take to the streets if the MP government didn’t deliver on promises made in the manifesto. To this, Kamal Nath had replied saying: “Toh utar jaaye (implying what’s stopping him)”.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Kamal Nath ‘not upset with Jyotiraditya Scindia’… or is he?
— ANI (@ANI) February 18, 2020Though the decision would not be announced formally until February 21, sources have revealed that the chances of Pakistan redeeming itself seems dim. The neighbouring nation, however, was hoping otherwise in light of the action it had taken against terror mastermind Hafiz Saeed. … [Read more...] about Pakistan likely to remain grey-listed by FATF