The formula stands on two ratios. First, the company's EBIT as a proportion of its net fixed assets plus net working capital and second, the company's EBIT as a proportion of its enterprise value.
While the focus of telecom companies during the initial phase of
privatisation was on adding subscribers, now the stress is on making
money by offering value-added services.
"We are entering into the big event of Union Budget on strong note and
participation from the banking sector is adding to that positivity," sais an expert for the market.
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