“We have added RHI Magnesita to Little Champs portfolio. RHI Magnesita makes ceramic lining, brick lining which goes into steel plant furnaces or cement plant furnaces. They have around 35% share globally and 40% share in India. Good gross margins 40%, gross margins 15%, operating margins around 30% ROC. It is a near debt-free company. It has an Austrian parent listed in Austria. We have invested in the Indian subsidiaries over the last couple of weeks.”
Bharti Airtel, Vi shares rise up to 2% after Aug mobile subscriber data. Which is Nomura’s top pick?
India added 55 lakh mobile subscribers in August, according to data from the Telecom Regulatory Authority of India. Reliance Jio continued to lead with 24