INSUBCONTINENT EXCLUSIVE:
hikes as the main reasons
strong driven by benign raw material costs and tax rate cuts (GST and corporate tax)
9 per cent rise in Sensex amid concerns on the broader economy
It expects the 30-share BSE Sensex to be 44,500 points by the end of the year
In the past five years, most consumer companies struggled to clock double digit revenue growth despite the macro and external factors being
at risk from the recent rise in raw materials
to trade at a premium compared to their last five- and ten-year average estimated price-to-earnings ratio