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India s Services Sector Activity Expands At Slower Rate In December; Staff Hiring Halts

India s services sector activity expands at slower rate in December; staff hiring halts The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December. PTI January 06, 2021 / 11:29 AM IST IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It s trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple. India s services sector activity expanded at a slower pace in December as rates of growth in sales eased to a three-month low and staff hiring came to a halt amid weak business optimism, a monthly survey said on Wednesday.

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