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OPMs, interest main concerns for India Inc: StanChart MF (1)   06-May-08 16:52Tracked by (0)  
Posted by:   MMB Messenger on ( 06-May-08 16:52 )
Price : BSE: Rs 1043.75 ( 0.46 % ), NSE: Rs. 1043.50 ( 0.35 % )
Ajay Bodke, Standard Chartered MF feels that India Inc is in capex mode. "They need to borrow as they go forward. So rising interests clearly are hurting the bottomlines, rising raw material costs are hurting the operating profits. One needs to be cautious when one looks at the (earinings) numbers. The trends have been fairly mixed," he said.
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