We revise target multiple to 7.2x from 6.3x earlier on the back of improving operating performance and digital scale up.
Asian Paints increased by 10 percent prices across product portfolio except for enamels ; blended price increase at the portfolio level is 8-9 percent, Kotak Institutional Equities said in a report citing dealer interactions.
As Indian markets have been an outlier to the EM peers by more than 20% this year, it was obvious that the mean-reverting strategy will hold true over the short and medium-term.
RBI is expected to stay away from the Forex market as given factors are driving the Rupee as per their requirement.
Cyient forays into management consulting business, launches ‘Cyient Consulting’: Cyient announced the launch of its management consulting practice under the umbrella of Cyient Consulting.
The takeaway from this new trend is that it is the retail investors who are calling the shots now.
This is bound to get reflected in inflation numbers soon and RBI will have to normalise policy earlier than expected.