The ratio indicates the ease with which a company can pay interest on the borrowings — higher the ratio, better it is. It is calculated by dividing the operating profit (earnings before interest and tax or EBIT) by interest outgo for a given period.
FPI buying returns to Dalal Street as global investors rethink AI bets
Foreign portfolio investors have shifted from aggressive selling to net buying of Indian equities recently. They invested nearly $1.2 billion over the last ten trading