24.08.2011 - India: Mid-level realty companies reel under rate burden
Institutional investors are trimming their exposure to construction stocks as they expect higher interest rates to put pressure on their bottomlines at least for the next two quarters. A quick look at the financial performance of mid-cap construction companies in June 2011 quarter reveals many are reeling under the pressure of rising interest. Almost half the operating profits of most mid-cap companies have gone into servicing the huge debt burden on their books. This may increase, going ahead, say analysts..............................................Full Article: Source
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