This Budget is very prudent on the revenue side, with no major change in the direct tax and goods and services tax structures, Bangur says
Shree Cements on Saturday posted over two-fold jump in consolidated net profit
This will not impact positive sentiment in the sector, say analysts
As many as 49 stocks from the BSE500 index hit their 52-week highs today.
With the company's cost leadership being maintained, it reported much better per tonne operating profit
Analysts expect the cement industry to witness positive growth in the second half (October-March) of the current fiscal led by strong demand from the sustainable rural trade segment.
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%
UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks
Shree Cement, trading at highest valuations, is most vulnerable with demand under pressure and costs rising
City football giants East Bengal's new investors, Shree Cement Limited, is slated to pick up the bid proposal for a spot in ISL in the name of 'Shree Cement Foundation'
The company lagged peers in the June quarter on realisations and ability to control costs
The company's revenue dipped 24 per cent YoY to Rs 2,480 crore from Rs 3,302 crore in Q1FY20
Firm realisation and lower costs bode well for profitability
Corporate results would get a lot worse in the coming quarters
Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions
H M Bangur expects demand to return once Covid-19 cases subside and the stimulus package ensures a robust supply side
Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough
Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.
Highest margins, strong balance sheet, high free cash flow are well priced in
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today