With no clarity on policy and an impending slowdown in growth, what does the corporate sector look like? Adi Godrej, tycoon and chairman of Godrej Industries joins CNBC-TV18 to provide reprieve to the flared nerves.
With earnings season kicking off, it's time for a reality check on realty. Traditionally, the first quarter has been weak for the sector. But it looks like the cues this time could be even weaker, with the three top companies expected to post negative sales growth. CNBC-TV18’s Priyanka Ghosh delves deeper.
Pujit Aggarwal, MD, Orbit Corporation said that the company's current debt stands at Rs 800 crore. With analysts expecting a rate hike between 25-50 basis points, he says that the net impact on interest of the compay will be Rs 4 crore at max.
The real estate sector has been one that writes the Indian growth story. Though the general consensus says the growth in this sector will continue to be robust due to inherent demand, a recent KPMG report indicates businesses are reeling under pressure.
The hardening of the interest rates coupled with slowdown in the economy will affect the activities in the real estate sector,said an Economic Times report.
Shares of realty firm Anant Raj Industries on Wednesday afternoon trade tumbled more than 8% to Rs 66. Driven by negative sentiment, investors shunned the stock as they are keen to buy blue chip companies, available at a cheaper rate, said analysts tracking real estate sector.
Ajay Srivastava, CEO of Dimensions Consulting, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and his outlook for the road ahead.
Anish Damania of Emkay Global Financial Services, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, spoke about his conference, and the latest reading of the market and where he sees it headed.
PINC Research has come out with a report on India Real Estate sector with 9 stocks recommended.