Highlights Lower volumes impact revenue, profitability Margins impacted, with shift in volumes and market Contribution from other segment protects profits Core earnings to be better in second half of current fiscal Valuation offers good margin of safety Price to earnings, which is largely a reflection of growth and quality of earnings as well as a company’s balance sheet, often has a huge bearing on share price. Indian Energy Exchange (IEX), for instance, has more than halved from its peak of Rs 303 a share to the...
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