At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
Else, more capital outflow and pressure on rupee likely.
Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
In the last two months, these stocks have lost nearly a quarter of their market cap.
In the last two months, these stocks have lost nearly a quarter of their market cap.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
Law minister clears Sebi's regulation on put and call options.
Results of 138 firms show revenue growth has declined further, but net profits are up
These companies gave annualised returns of 11% on an average in the last five years, while shareholders of family-owned companies saw 5% annualised erosion
Trend so far shows India Inc being stingy; aggregate of 23 firms that have declared payouts for FY13 down 2.4%.
Some are treating the price correction as akin to a fiscal stimulus that could kick-start a new demand cycle in the economy.
Sensex valuation has fallen below historical averages, now lags underlying earnings & dividend growth.
Many firms' debt far exceeds their market capital.