IT, banks drag Indian shares down as US rate fears resurface zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
“We have historically hesitated to participate in real estate developers to play the real estate story. We played it through home-building materials, where there are some really fantastic business models which are not leveraged. We own paints companies, adhesives companies, pipes, footings. We prefer building materials because og our philosophy of looking for very low leverage on the balance sheet in the business model ”
Modi purchased two aircraft, Rs 8,000 crore each, for himself. He built a new Parliament which cost Rs 20,000 crore (the Central Vista project), says Congress leader
Saurabh Mukherjea of Marcellus Investment Managers, expresses concerns about the broader PSU capex theme in India. He believes that the government s heavy spending on sectors such as roads, defence, and power is not supported by underlying tax collections. Mukherjea also discusses the potential performance of HDFC Bank and highlights the worries surrounding the PSU capex recovery. He mentions that the implosion in China could benefit India s economy, and expresses optimism about the Indian IT services industry.
“I think the second half of the year will look good for any of our larger holdings. For example, we are a large shareholder in Divi s Lab, in Alkyl Amines, in GMM Pfaudler, in Paushak and we are hoping the second half of the year will bring good news as the price action seems to have bottomed out. ”