Bars and restaurants operating near state and national highways cheer as attorney general Mukul Rohatgi says that in his opinion, the Supreme Court's ban applies only to liquor shops. But, the Supreme Court will have the final say on it.
This price spike came on the back of news that ex-telecom minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife Kaveri Kalanithi, were discharged by a special court on Thursday on charges of bribery and money laundering in the Aircel-Maxis deal.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
Abneesh Roy, Associate Director at Edelweiss says Sun TV is gaining share in the Telugu market. Also, demonetisation impact on southern states is expected to be lesser, which will be an advantage for Sun.
Analysts believe that the company has reported a good set of earnings. Asian Paints has posted double-digit volume growth which is better than industry rate, said Abneesh Roy of Edelweiss Securities said. Even though the stock valuations are rich, he expects some upside due to GST implementation.
Abneesh Roy of Edelweiss Securities expects the rate for home, personal care and paints to be around 18 percent. More clarity is needed on GST rates before any clarity is needed.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Rahul Arora, CEO, Nirmal Bang Institutional Equities and Abneesh Roy, Associate Director of Edelweiss Securities shared their readings and outlook Jubilant Foodworks. Rahul Arora also spoke on various stocks.
Vijay Mallya has stepped down from United Spirits and has secured a mutual release agreement with Diageo. Abanti Sankara-Narayan of United Spirits says that the agreement is an affirmative action to end Mallya's association with USL. In an interview to CNBC-TV18 Abneesh Roy, Analyst at Edelweiss shared his analysis.
The company's Q3 net profit jumped 25.8 percent to Rs 463 crore from Rs 368 crore in corresponding quarter last fiscal. However, exceptional hit partially mitigated profit growth.
In an interview to CNBC-TV18, Rohit Dokania, Media Analyst IDFC Securities and Abneesh Roy, Analyst, Edelweiss Finance advise which media stocks to buy, sell or avoid now.