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MANGESH BHADANG
Cement companies roll back price hikes to boost volumes amid muted demandCement prices introduced earlier this month have been rolled back as companies strive to push volumes amidst rising fuel costs. With an inc...
UltraTech's open offer for India Cements oversubscribedThe ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech's stake in India Cements to 81.49%. In...
Q4 could be a bumper quarter after a long time for the cement sector: Mangesh BhadangCement prices have increased substantially, particularly in the non-trade segment, leading to better realisation for cement companies. Anal...
Penna buy to help Ambuja Cem widen reach, boost marginsAfter acquiring Penna Cement Industries, Ambuja Cements stock fell by 1% to close at ₹657. The acquisition strengthens Ambuja's presence in...
UltraTech to buy Kesoram's cement unit"The transaction will provide UltraTech with the opportunity to extend its footprint in the highly fragmented, competitive and fast-growing...
Cement makers hike prices to counter rising costsWith the steep increase, the all-India average cement price has reached Rs382 per 50 kg bag. The sharpest rise was in the eastern region wh...
Cement cos' profitability may improve by up to 22% in Q4The March quarter is also traditionally the strongest for cement companies in India because of demand from the construction and infrastruct...
Steel and Cement sectors get a booster dose from higher infrastructure capex“A significant 33% increase in capital expenditure to Rs 10 lakh crore – 3.3 % of the GDP, thrust to fast-track infrastructure development,...
Cement sell-off has made risk-reward more compellingAnalysts said the higher price would help the industry maintain its margins but a lot of sentiment in the sector will depend on how much of...
Price hike rollback, rising input costs dim outlook for cementA sudden rollback of price increases in November due to low demand and the competition watchdog's likely scrutiny continue to weigh on ceme...
Outlook 2019: Infra players’ order books full, but elections will be major disruptorRoads and railways may continue to garner a larger share of the total investment pie.
Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billionHong Kong-headquartered CLP has also held discussions with Reliance, said a company official on condition of anonymity, but Greenko is beli...
Have downgraded UltraTech to sell: Mangesh Bhadang, Quant BrokingMangesh Bhadang, Cement Research Analyst, Institutional Equities, Quant Broking Pvt. Ltd, gives his views on UltraTech Cement.
Have downgraded UltraTech to sell: Mangesh Bhadang, Quant Broking"UltraTech numbers were way below estimates. The results has emphasised the ground realities which the stock seems to have forgotten."
Expect Ambuja to correct by 30-40% in near term: Mangesh Bhadang, Quant Broking"Correction in ACC will be smaller than that in Ambuja."
Expect Ambuja Cements’ topline growth to be flat in Q1: Mangesh Bhadang, Quant Broking"In Ambuja we are looking for a flat top line of around Rs 2500 crore and expect the PAT to be 26-27% down to around Rs 340 crore. "
Ambuja Cements under pressure ahead of Q3 resultsAmbuja Cements slipped over 2 per cent in the afternoon trade on Thursday, ahead of its earnings for the quarter ended December 31 due late...
- Have a sell call on ACC, Ambuja: Mangesh Bhadang, Quant Broking
Valuations are definitely high and that is why even ACC and Ambuja, we think, are ‘sell’ from current levels. One should prune one’s positi...