[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The exchanges nod has come for spinning off the OTC business of Reliance Industries into a
separate company for NCLT purposes. Will the market read this positively? The Street is already
assigning the SOTP valuation for Reliance OTC business at about Rs 800 per share.
We do not have a coverage on Reliance and so I will not be able to comment. But in the oil
and gas sector, the GRMs had contracted globally as well as for Indian players in the last
quarter. But with normalisation on expectation of the vaccine being available, things have
started looking up with crude oil prices inching up and GRMs being expected to follow suit.
The oil and gas business is becoming better compared to what it was earlier. Other pieces of
business are already doing well and from t ..
Read more at:
Read more at: https://www.moneycontrol.com/news/business/real-estate/covid-19-put-commercial-real-estate-markets-resilience-to-test-in-2020-6211741.html
Have a nice day