Vedanta Resources PLC: Holding Firm Despite Rising Net Debt
Vedanta Resources (VED LN) (Vedanta)’s net debt of USD6.4bn for six months ended 30 September 2018 results in a net debt/EBITDA ratio of 3.2x...
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India: Are PSU Stocks Better Investment in a Volatile Market and During Correction?
Since September beginning, the market has turned extremely volatile and the correction has been more than 10% in indices such as BSE SENSEX....
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India: PSUs Will Always Be the Vehicle to Push Govt Agenda, Your Fault if You Thought Otherwise!
There is a flurry of analyst downgrades in the market on stocks of Government owned Oil Companies. Alas! it has come a bit too late. After the...
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India Rolls Back Auto Fuel Price Deregulation: Negative for GFD
The government announced a reduction of Rs2.5/l for both diesel and petrol effective immediately. The government will bear Rs1.5/l of the reduction...
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Worst Over for Asian Refining Spreads?
We’ve been bullish on crude oil this year and the surprise has been weak US gasoline demand, creating a growing product surplus rippling through...
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