see further downside in sterlite ind
Corporates are set to log in 12.1 percent topline growth in September quarter, up from 6.4 percent in the same period last fiscal year, as steel makers are set to clock an 80 basis point (bps) higher margins, rating agency Crisil said in its report Thursday.On the flipside, the report said cost pressure is clearly rising across the board.According to Prasad Koparkar, a senior director at Crisil, demand recovery is expected to be driven by discretionary, consumption led sectors like airlines, automobiles, fast moving consumer goods (FMCG) and retail.”While automobiles are expected to see an 18 percent sales growth, airlines should see passenger traffic rise 16 percent on year,” he said.Retail, FMCG and automobiles will benefit from the low base effect caused by the rollout of GST in July last year, Koparkar said, adding makers of steel and aluminum, and coal miners will benefit from improved sales, while cement companies will be helped by higher volumes.Investment linked sectors like housing and capital goods have also been supportive because of public spending, according to him.Higher crude prices and falling rupee are also skewing the input cost math for companies.Crude is up 45 percent on year, while the rupee, which fell 4 percent in the first quarter, has lost 9 percent more in the second quarter, he said.Rahul Prithiani, a director at the agency, said, “Oil and the rupee will impact the cost structures of most sectors. Additionally, domestic prices of coal, long steel, flat steel and aluminium are expected to rise 15, 14, 17 and 12 percent, respectively. That would add to the cost pressure for end use sectors.”Airlines, automobiles, aluminium and cement companies will be the sectors bearing the brunt of rising cost of raw materials, according to the report..
The world has changed, but not for Louis Vuitton. In its 2009 spring and summer collection, we are bored again by so many familiar faces same old design and of course same old monogram. Since 1896, Georges Vuitton, son of the company founder, created the iconic monogram with an exotic sense of traditional Japanese culture, it has been flooding on almost every LV products.
I had the opportunity to accompany a team of psychiatrists and clinical psychologists to their recent camp visit in Hafizabad. During this difficult time of a pandemic, I didn’t expect a lot of good but I wasn’t prepared to witness the worst cases of suffering and pain during that camp. My role was just to accompany them but when I reached the site, I couldn’t stop myself from approaching patients while keeping in mind the Covid 19 SOPs.