Capacity overhang in key operating regions to pressurize prices, Downgrade to Neutral
* Reprises industry trend of lower volumes, higher realizations: Volumes includi..
Healthy Performance on Firm Realisation; Maintain HOLD
India Cements (ICEM) has reported a healthy operating performance in 1QFY20 with EBITDA growing by 55% YoY and 2..
Robust Performance despite Volume Miss
UltraTech Cement (UTCEM) has reported a better-than-expected operating performance in 1QFY20 despite miss on volume front. EBITD..
Cement prices moderated in August, according to a report by brokerage house Emkay. “Our channel checks indicate that cement prices declined further in August 20..
EBITDA/te crosses Rs1,400/te; upgrades to continue
UltraTech Cement (UTCEM)’s Q1FY20 standalone EBITDA (pre-Ind-AS 116 impact) increased 55% YoY to Rs25.2bn, bro..
In 1QFY20, despite weak demand, UltraTech (UTCEM) reported historic high margins, on windfall pricing and benign op cost benefits. We reiterate BUY..
Prices Remained Resilient despite Weak Demand
* Cement prices continued to remain resilient in Aug’19, as all- India average price declined marginally by ~R..
ULTRA strong show; Remains top pick in the sector
Ultratech Cement (UTCEM) reported 5% miss on our EBITDA (higher by Rs339mn due to adoption of AS116 related to operat..
Earnings in line; peaked-out margins drive earnings downgrade
The Ramco Cements (TRCL) reported Q1FY20 earnings in line with our expectation. EBITDA/t rose 53% YoY (PL..
* HeidelbergCement India (HEIDELBERG) has been getting healthy traction for last couple of quarters led by steady demand and pricing trend in its key central region.
EBITDA/te crosses Rs1,300/te
The Ramco Cement (TRCL)’s Q1FY20 adjusted EBITDA increased 51% YoY to Rs3.8bn, in-line with our estimates; however, ~10% above conse..
Optimistic outlook; leverage remain high
The India Cements’ (ICEM) Q1FY20 EBITDA increased 52% YoY to Rs2.5bn – broadly in-line with consensus estimates. C..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
BSNL to offer more data, validity under select prepaid plans
Infosys signs agreement with U.S. IRS; sees lower tax rate
Buy Federal Bank Ltd For The Target Rs.110 - Motilal Oswal
Reduce TVS Motor Ltd For The Target Rs.415 - Reliance Securities
Markets witnessed buying from FPIs and DIIs on improved sentiments - Mr.Jimeet Modi
Rohit highly motivated, played with freedom: Graeme Smith
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