Indian flat steel prices declined by 19% from the June quarter average. The global investment bank sees a downside risk as Indian prices are still 6-11% above import parity. The global investment bank downgraded Indian steel in January and believes it is still early to turn constructive.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent