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“Out of these 25 companies, there are only 4

27 February 2016 by Ramendra Baoni
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canada goose uk outlet Ans. I was not aware of this. However, there is nothing unusual about it since disqualification may be based on the facts of that particular tender and that particular bid. According toIndiaNivesh’s estimates, Nifty companies (excluding banks, financials, and Tata Motors)reportedrevenue de growth of 3 percent in Q3FY20,while total net profit of these companies saw a fall of 5 percent year on year.Among the top 500 companies, over 20 companies turned loss making in the December quarter, data from AceEquity showed.As many as 24firms from the BSE500 index reported a net loss in the December quarter compared to a profit in the September quarter. The list includesBank of Baroda, GlaxoSmithKline Pharma, PNB, Gayatri Projects, Graphite India, Hindustan Copper, Lupinand Varun Beverages.Only a handful of companies have strong fundamentals to pull them through in a tough period like the one we are going through now while the rest could stay under pressure.”Out of these 25 companies, there are only 4 companies Aditya Birla Fashion and Retail, BASF India, Blue Dart Express, GlaxoSmithKline Pharmaceuticals which have strong fundamentals and have capability to bounce back as and when economy improves,” Atish Matlawala, Sr Analyst, SSJ Finance Securities told Moneycontrol.”We are bullish on these 4 companies and believe that a recent correction is an opportunity to invest. Investors should look at valuations, corporate governance and future outlook for the company before investing,” he said.The Indian equity market has lately been a victim of the global sell off due to coronavirus. canada goose uk outlet

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