Healthy realizations support margins amid volumes pressure
* Volumes decline, but realizations healthy…: Volumes declined 12% YoY to 0.6mt in 1QFY20 due t..
Key Highlights of the month
* Prices in North, Central and Gujarat remains steady: Though demand remained subdued (partially impacted by prolonged monsoon), whole sale..
Recovery likely back ended; valuation compelling
Visaka Industries’ valuation remains compelling at 6.9x FY21 earnings, notwithstanding the near-term pain in its..
Balancing both volume growth and profitability
Shree Cement (SRCM) Q1FY20 standalone EBITDA increased 40% YoY to Rs9bn – in line with consensus but lower than ou..
Cement companies are likely to reap double benefits on the cost front. First, the 15% October-June busy season surcharge for transportation of cement via railways has..
In-line performance; better prospects ahead
Visaka Industries (VSKI) reported in-line performance led by strong YoY growth in ‘allied’ segments (Vnext +29%..
FY20 to be a landmark year
FY20E is likely to be a landmark year for UltraTech Cement (UTCEM) as the same would be the first year when all the three acquisitions of JP..
Strong Performance despite Dismal Volume
Shree Cement (SRCM) has reported a stellar operating performance in 1QFY20 with EBITDA surging by a sharp 57% YoY to Rs9bn (vs..
Miss on all counts; Maintain Reduce
Shree cement (SRCM) reported EBITDA below ours/consensus estimates by 9%/11%. EBITDA/t fell short of our estimate by ~7% at Rs1,44..
On a recovery path
We upgrade JK Lakshmi (JKLC) to BUY (from Neutral earlier), with SOTP based TP of Rs 381 (Standalone at 8x FY21 EBITDA, its 71% holding in Udaipur C..
Sharp volume decline
We retain NEUTRAL rating on Shree Cement (SRCM) with SoTP based TP of Rs 19,200 (Cement/power businesses at 15/5x FY21E EBITDA, and UAE subsidiar..
Capacity overhang in key operating regions to pressurize prices, Downgrade to Neutral
* Reprises industry trend of lower volumes, higher realizations: Volumes includi..
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
BREAKING NEWS - Nov Retail Inflation At 5.54%
Tech Mahindra bags Rs 500cr smart city project in Pune
Agritech startup Ecozen completes $6mn funding from IFA, Omnivore
India`s fuel demand growth hits near two-year high in November
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