Cement demand growth is expected to halve to around 5 to 5.5 per cent this fiscal, impacted by weak government spending in first half and liquidity crunch faced by the re..
Key Highlights of the month
* Risks accelerating for sustenance of prices in North: North, Central and Gujarat extended tight discipline with stable prices or a nomina..
Robust show continues, but priced in
We retain NEUTRAL rating with TP of Rs 800 (13x FY21 EBITDA). Our TP implies EV/MT of USD 170/MT.
HIGHLIGHTS OF THE ..
Firing on all cylinders
We reiterate BUY on JK Cement with a TP of Rs 1,314 (10x FY21 consolidated EBITDA).
HIGHLIGHTS OF THE QUARTER
* During 1QFY20,..
ACC added around 7% in open interest as short buildup was seen in it in previous session. Current chart pattern also indicates further down move ..
Ambuja Cements Limited (AMBUJACEM)
Mostly cement counters are trading under pressure and AMBUJACEM is no different. It has reached closer to the lower band of it..
Mumbai: Growth in domestic cement demand is expected to decline to around 7% in FY20, according to credit ratings agency ICRA. This compares to a 13% demand growth in..
We retain BUY on Dalmia Bharat with a TP of Rs 1,470 (12x FY21 consolidated EBITDA).
HIGHLIGHTS OF THE QUARTER
* In 1QFY20, Da..
Healthy realizations aid margin expansion
* Grey cement volumes decline; white cement volume growth healthy: Grey cement volumes (incl. clinker) decreased 3% YoY to 1...
All Round Robust Performance; Upgrade to BUY
Mangalam Cement (MGC) has reported an all-round improved performance in 1QFY20 led by superior realisation and cost reduct..
Robust Performance on Superior Realisation
JKCE reported strong performance and exceeded our estimates mainly led by higher-thanestimated recovery in average realisati..
* On an hourly scale, the stock has started to trade above its 21 Hourly Exponential Moving Average which shows a positive move in the counter..
* On a daily scale, th..
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
After a 2-year break, RIL resumes drilling in Chevron shale joint venture
Ex-Jet Airways chief Dube joins GoAir as advisor
Major foreign firms set to attend Himachal investor summit
`Lay down emission norms for fire cracker industry`
© Copyright 2017 - investmentguruindia | All Rights Reserved. | Crafted By - Digi Interface