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EARNINGS REPORT : Prism Cement Q4 PAT Rs 70 Cr Vs Rs 75 Cr, Down 7% YoY EARNINGS REPORT : Prism Cement Q4 Total Income Rs 1576 Cr Vs Rs 1591 Cr, Down 0.9% YoY EARNINGS REPORT : Hotel Leela Venture Q4 PAT Rs 13.4 Cr Vs Loss Of Rs 229 Cr EARNINGS REPORT : Hotel Leela Venture Q4 Sales Rs 198 Cr Vs Rs 194 Cr, Up 2% YoY EARNINGS REPORT : Hawkins Cookers Q4 PAT Rs 3.1 Cr Vs Rs 1.1 Cr YoY EARNINGS REPORT : Hawkins Cookers Q4 Sales Rs 179 Cr Vs Rs 158 Cr, Up 13.3% YoY NALCO : Signs An MoU With The Ministry Of Mines NALCO : Signs MoU For Setting Higher Targets In Production & Capex For FY 2017-18 NALCO : Target For Revenue From Ops Fixed At Rs 8,100 Cr NALCO : Sets FY18 Bauxite Output Target 6,825 Mn Tn NALCO : Sets FY18 Alumina Output Target 2.1 Mn Tn NALCO : Sets FY18 Aluminium Output Target 440,000 Tn NAVEEN JINDAL CHAIRMAN JSPL : JSPL To Be Relatively Debt-Free In 4-5 Years: PTI NAVEEN JINDAL CHAIRMAN JSPL : Current Consolidated Debt Of Around Rs 46,000 Cr: PTI NAVEEN JINDAL CHAIRMAN JSPL : Increasing Our Production, Good Demand For Steel: PTI NAVEEN JINDAL CHAIRMAN JSPL : Government Has Taken A Lot Of Initiatives To Build Infrastructure: PTI NAVEEN JINDAL CHAIRMAN JSPL : Co's Debt Increased After Cancellation Of Coal Blocks: PTI NAVEEN JINDAL CHAIRMAN JSPL : Had To Pay Rs 3,500 Cr Of Additional Levies: PTI NAVEEN JINDAL CHAIRMAN JSPL : Had To Borrow To Pay Our Levies, High Debt Not Because Of Any Project:PTI

Rupee Drop Makes Valuations More Attractive

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According to Jeff Chowdhry, Head-EM Equities at F&C Investments, the rupee drop has made market valuations more attractive. “Only negative sentiment is driving rupee lower, besides, the rupee at 60 per dollar is a pretty attractive level,” he explained. The rupee is not expected to drop further, he said, adding that the currency is seen strengthening going forward.