Post an improvement in Q3 numbers, the stock has seen a substantial run-up, trading at a 2020e PE of 21.6x. Rallis’ renewed strategy and planned capex, which had been missing for the past 3-4 years, is expected to pay off in a big way in the long term. However, the company is impacted by the external operating environment, and we believe that's a joker in the pack for the near term. … [Read more...] about Rallis India Q3 FY20 – Tide has turned, but pricing is a sticking point
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It is not just Kotak. One clear trend that can be derived from the earnings of banks that have reported Q3 numbers so far is that stress is building up on their books. And in a slowing economy, lenders prefer to grow their corporate loan book at a slower pace to avoid further shocks. … [Read more...] about Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
This is developing story....Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about I-T conducts searches at United Phosphorous premises