25 April, 2014 06:54 IST
News
IIP growth may not be sustainable in near future: Dipen Shah
Source: IRIS (12-DEC-12)
Comments  |  Post Comment

India's industrial production grew 8.2% in October 2012  as against market expectations of 4.5% growth.

Dipen Shah, Head of Private Client Group Research, Kotak Securities, said, "IIP for October came way above expectations, mainly aided by strong uptick in manufacturing sector which grew by 9.6% as against a 1.5% contraction during previous quarter. Although a large part of this positive surprise can be attributed to the low base last year due to festivals falling in different months, it does give signal of bottoming out of IIP. However, this high rate of growth is not expected to be sustainable in near future. The IIP number failed to excite the markets as they likely focused on the impact of this data on RBI`s interest rate decision next week. We believe that, the RBI will not reduce rates at the mid-quarter policy review next week."

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


News
Tata Metaliks loss narrows in Jan-Mar quarter - 24-Apr-2014 16:32
Granules India standalone quarterly net up 13.26% - 24-Apr-2014 16:29
ACC standalone quarterly net declines 8.9% - 24-Apr-2014 15:42
Oil Country Tubular standalone quarterly earnings soar 65.48 times - 24-Apr-2014 15:36
Bharti Infratel standalone quarterly net surges 40.64% - 24-Apr-2014 15:30
Infotech Enterprises standalone quarterly earnings rise 28.81% - 24-Apr-2014 15:22
UltraTech Cement standalone quarterly net climbs 15.40% - 23-Apr-2014 18:38
Indiabulls Wholesale Services standalone quarterly net falls 35.05% - 23-Apr-2014 18:36
Kirloskar Pneumatic Company standalone quarterly earnings rise 18.78% - 23-Apr-2014 18:32
Indbank Merchant Banking Services swings to profit in Jan-Mar quarter - 23-Apr-2014 18:23
Sabero Organics Gujarat standalone quarterly net declines 27.22% - 23-Apr-2014 17:32
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   t56hff into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer