L&T looks overseas to offset weak home market; Q4 net profit falls
India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Article | Full Coverage
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MARKET EYE-Indian state-run stocks due for re-rating - MStanley
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* Shares of Indian state-run companies are due for a re-rating, Morgan Stanley said in a short note on Tuesday. * The investment bank says these public sector stocks are trading at multi-year low valuations against the MSCI India index and would also benefit from an expected shift to cyclicals over defensives in coming months. * Morgan Stanley adds the government's proposal to create an ETF for public sector stocks would also be a positive. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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