Deepak Parekh, chairman, HDFC believes the worst is over for the Indian economy and the government, though late, seems to have a definite resolve to push some reforms.
Taher Badshah of Motilal Oswal Asset Management is positive on cement space. "One can probably see a good top-line as well as bottom-line growth in this space for the next 12-18 months," he adds.
Finance player IDFC maintains that the current fiscal will be challenging from a growth perspective.
The government said on Sunday that market regulator Sebi has given its consent to the Tamil Nadu government‘s proposal to buy 5 per cent stake in Neyveli Lignite Corp (NLC), provided the acquisition is done by a qualified state entity.
Power: NTPC's generation fell 4.2 percent YoY due to 1.1 percent YoY decline in coal-based generation and 34.1 percent YoY decline in gas-based generation. Tata Power reported 114.5 percent YoY growth in generation, following the commissioning of the entire 4000 MW Mundra plant, says ICICIdirect.com.
Emkay Global Financial Services has come out with its report on power sector. According to the research firm, one can hold Tata Power and sell on Adani Power with a target price of Rs 95 and Rs 40 respectively.
In an interview to CNBC-TV18, Ananda Bhoumik of India Ratings and Vaibhav Agrawal of Angel Broking spoke about thier outlook on the banking sector and the road ahead.
RK Dubey, Chairman of Canara Bank told CNBC-TV18 that Basel III norms will not have major impact on the business. “If there is a major impact, we are not able to envisage that, he said. Instead he feels that the company would absorb the impact by increasing business.
The Tamil Nadu state budget was tabled today and there is some good news for the debt ridden state electricity board (SEB). The government has said that the power situation in Tamil Nadu is set to improve and the SEB will turn around in 3-4 years.
Speaking to CNBC-TV18, Anil Sardana, MD of Tata Power says the government needs to take more steps to bring reforms in the sector.
Amisha Vora of Prabhudas Lilladher told CNBC-TV18 that Nifty is likely to be in a range of 5600 to 6200 for the next couple of months. Taliking about the expectations form the RBI policy next week, Vora expects a 25 basis point (bps) reduction.
NK Jain, Vice Chairman of JSW Energy told CNBC-TV18, the poor financial health of state electricity boards (SEB) is the most critical issue facing the power sector. According to him, tariff hikes are imperative for improving the condition of distribution companies or discoms.
ICICIdirect.com has come out with its report on Power Finance Corporation (PFC) tax free bond. According to the research firm, the company Tranche II tax free bond offers annualised coupon of 7.38% and 7.54% to retail investors with tenure of 10 years and 15 years, respectively.
Microsec has come out with its report on NTPC OFS (Offer for Sale) issue. According to the research firm, the Company has strong visibility on business/earnings growth, secure business model and low valuations. So one can subscribe to this issue.