ACC Limited (ACC)
ACC has been struggling around the resistance zone of multiple moving averages on daily chart for the past three weeks or so. Considering its prevail..
Demand weakness persists; cost reduction to support margins
UltraTech, Shree Cement, ACC, Ambuja and Dalmia Bharat – the five largest Indian cement companies &nb..
All round performance
We retain BUY rating with TP of Rs 880 (13x Sep’21E EBITDA). Our TP implies EV/MT of USD 179/MT.
HIGHLIGHTS OF THE QUARTER
* In 2QFY..
CENTURYTEX added around 14% in open interest as long buildup was seen in it in previous session. Current chart pattern also indicates further up ..
The Ramco Cements Limited
* RAMCOCEM has formed a cup and handle pattern (which generally act as a continuous pattern) on the weekly chart while holding above th..
Demand and Prices Remained Muted in Oct’19; Recovery Expected in Nov’19
* Demand momentum remained soft in Oct’19 due to extended monsoon, sand short..
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..
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
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
OIL may hold 74% in BPCL's NRL, Assam 26%
Indians see automation, but hopeful of keeping jobs
TVS rolls out electric scooter in Bengaluru market
Investors can buy farmland in 30 days in Karnataka soon
© Copyright 2017 - investmentguruindia | All Rights Reserved. | Crafted By - Digi Interface