The miss is probably more to do with margins because of the skew of the BSNL deal in the quarter, but this is also going to be a tailwind in the subsequent year.
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South
Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and
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