Abhishek Agrawal, Executive Director of Godawari Power & Ispat (theceomagazine.com)
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Can anyone help me understand that why NMDC, GPIL are falling even though iron ore prices are increasing sharply worldwide?(Indian market corrected till yesterday but today there is a rebound but still iron ore stocks are falling).Today the iron ore price is hovering around 112$ level. Is there any other angle which I am missing?
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Still no sign of fiscal stimulus from China—just the same old policy statements being repeated.
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Could be the lingering effect on retrospective tax rule?
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