Revenues from the India business rose by a marginal 3% to Rs 34,901 crore for the quarter under review. India’s EBITDA was at Rs 7,514 crore, a decline of 22%. This translates into EBITDA per ton of Rs 15,651 and a margin of 22%.
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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