Stronger Realisation Drives Performance
Aided by higher-than-expected realisation, JK Lakshmi Cement (JKLC) has reported a strong set of numbers for 2QFY20, despite di..
Volume surprise; margins in-line
The Ramco Cements (TRCL)’s Q2FY20 EBITDA increased 19% YoY to Rs3bn – higher than our / consensus estimates mainly led by ..
Better realization drives earnings; equity raise on cards
* Muted volume growth, strong realization: Volumes grew by a muted ~1.5% YoY to 5.72mt. Realization was up ~..
NEW DELHI : Output of core infrastructure industries shrank by 5.2% in September 2019 as seven of eight sectors witnessed negative growth, according to official data..
Volumes surprise; margins in-line
Dalmia Bharat’s (DALBHARA) Q2FY20 EBITDA increased 22% YoY to Rs4.8bn vs our estimate of Rs4.4bn owing to higher volumes which ..
Lower volumes impacts margin
While Orient Cement’s (ORCMNT) Q2FY20 EBITDA increased 50% YoY to Rs536mn; the same was significantly below our/ consensus estimates..
Strong profitability barring Century
UltraTech Cement (UTCEM)’s Q2FY20 consolidated EBITDA (including cement assets of Century) increased 35% YoY to Rs19.2bn, ma..
Solid quarter; Demand uptick on the horizon
UltraTech Cement Ltd. is the largest cement manufacturer in India with a capacity of 109.4MT, and is involved in productio..
Robust show continues amid weak offtake
We reiterate BUY on ACC with TP of Rs 1,940 (11x its Jun21E consolidated EBITDA and 0.5x its CY20E CWIP). ACC delivered a stron..
A robust quarter despite hiccups
We recommend BUY on UTCEM with a TP of Rs 5,350 (15x its Sep-21E EBITDA, implying EV of USD 210/MT).
HIGHLIGHTS OF THE Q..
Caught in market tubulance, but on course
We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 150 (8x FY21E EBITDA, implies EV of USD 78/MT).
The company reported standalone net profit of Rs 58.15 crore for the quarter ended September 30, 2019 as compared to Rs 50.08 crore in the same period last year, register..
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
Views On coming week market overview - Mr. Mustafa Nadeem
Sell Gold Around 37700-37720 SL ABOVE 37820 TGT 37590/37460 - Axis Securities
Stock Market Prediction 16 December 2019
ArcelorMittal initiates ₹42,000-cr payment for Essar Steel acquisition
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