Phillip Capital
8 Earnings (Rs 1bn; flat yoy) were materially below our (Rs 1.5bn) and consensus' (Rs 1.4bn)estimatesbecauseofsalesslippagetoQ4FY16. 9 Grossmarginsexpanded850bpsyoymainlyonimprovedsalesmixinfavourofhigher...
Promoters pledged 0.18% of shares in last quarter. Total pledge stands at 1.91% of promoter holdings
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