India Cements

What Happened to target 90 ?

Posted by : manojprasade
Price when posted : BSE: Rs 112.30 ( 5.25 % ), NSE: Rs. 112.35 ( 5.30 % )

Dear Boarders, see what happened to target 90 today. Cover your shorts and get long. Start delivery buying also to support the stock....

Heading

Posted by : Mohitden
Price when posted : BSE: Rs 112.20 ( 5.15 % ), NSE: Rs. 112.35 ( 5.30 % )

are we up for a target of 130 in this stock in next 20 days?what do you all say..?...

India cement

Posted by : ar_akm
Price when posted : BSE: Rs 112.30 ( 5.25 % ), NSE: Rs. 112.65 ( 5.58 % )

Thank GOD market has seen INDIA CEMENTs stock after a very long time...!
...

tgt 135

Posted by : nikki marine
Price when posted : BSE: Rs 112.40 ( 5.34 % ), NSE: Rs. 112.55 ( 5.48 % )

short term tgt 135, intraday 118...

Buy India Cement

Posted by : sachinlakecity
Price when posted : BSE: Rs 112.15 ( 5.11 % ), NSE: Rs. 112.30 ( 5.25 % )

Short Term Target is 122-125.Byu this stock....

HOLD IT

Posted by : John Davis
Price when posted : BSE: Rs 113.25 ( 6.14 % ), NSE: Rs. 113.50 ( 6.37 % )

After long time we are watching jump. I\\\\\`m holding at 139 and waiting to sell it with minimum profit and I\\\\\`m sure I\\\\\`ll get that....

GOOD DAY

Posted by : rk2009
Price when posted : BSE: Rs 111.15 ( 4.17 % ), NSE: Rs. 111.80 ( 4.78 % )

As the cement stocks finding support India cement now expected to do well!!! target 150 soon...

hi i am sanjay

Posted by : sanjay300
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.70 ( 1.62 % )

pls any one can guide me about india cements. i have purchased it at 150 levels. what should i do....

BULLISH TREND

Posted by : rk2009
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.70 ( 1.62 % )

The share price found good support at 98.Just penetrated through 50DMA. @103.50.It indicates bullish trend now.the index moving up an encouraging sign for this stock to reach previous high 150....

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.70 ( 1.62 % )

has the runup started as in other cement stocks
20 Nov 2009 16:24
Heading
Posted by : NAUGHTY007
Price when posted : BSE: Rs 102.10 ( 2.25 % ), NSE: Rs. 102.15 ( 2.20 % )
View full discussion

wow the share was static throughout and did not rally with the other cement stocks-the runup is overdue-... ...

sharekhan target

Posted by : rk2009
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.70 ( 1.62 % )

The Sharekahan expert view on India cement Target of 135.Hold for good profits.this share has not grown on par with ultratech and others i the last run,Now its time has come.......

pls form an opinion

Posted by : hubliwala
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.70 ( 1.62 % )

Support at Rs.98/ and you can sell @120-125. Cement companies perforamnce likely to subdued due to pricing pressure of cement for another at least a quarter ...

Sell India Cements

Posted by : rk2009
Price when posted : BSE: Rs 107.00 ( 1.90 % ), NSE: Rs. 107.20 ( 2.10 % )

thank u for lengthy explanation.the cement industry is at turn around stage.I love to buy at level mentioned by the report...

hi...............

Posted by : sanjay300
Price when posted : BSE: Rs 106.80 ( 1.71 % ), NSE: Rs. 107.10 ( 2.00 % )

sir is there any good news for india cements. what the target for the month...

Sell India Cements

Posted by : insight95in
Price when posted : BSE: Rs 106.70 ( 1.62 % ), NSE: Rs. 106.85 ( 1.76 % )

India Cements
Sell
Price: Rs104 Target price (Sep 10): Rs90

Sharp price drop in Southern region to impact ICL

* Southern region experiences sharp price drop: Cement prices have
dropped by Rs20/bag to Rs145/bag in Hyderabad and by Rs30/bag to
Rs210/bag in Chennai in the last month, primarily driven by increased
supplies and slower demand growth. Our Chennai based cement dealer
indicates that prices can drop further by Rs10/bag by end of November
2009. Dealer sources indicate that pricing scenario is expected to
stabilise from March 2010, as most of the government orders are
estimated to start in 4QF10.

* Downgrade earnings on the back of lower realisation outlook:
India Cements (ICL) sells ~85% of its production in the Southern region
and naturally will experience lower realisations. We model cement
realisation drop of c.Rs575/tonne (Rs29/bag) to Rs3,102/tonne till
4QF10 on the base of Rs3,677/tonne in 1QF10. We expect southern
region to be in production level oversupply of c.7 mn tonnes for
FY10/11E, hence pricing environment is expected to be challenging.

* Update on capacity expansion plan: ICL will be completing its
expansion at Clilamakur (AP) in 4QF10 taking the total installed
capacity to 14 mtpa. Company has recently commissioned
enhancement of line I at Vishnupuram, addition of 1.2 mtpa in Malkapur
and 1 mtpa grinding unit at Parli in Maharashtra. ICL has acquired 53%
stake a Indo Zinc (additional 20% by open offer), which will be
executing 1.5 mtpa cement plant at Rajasthan, to be commissioned by
2QF11 at an cost of Rs6 bn. Company plans to add 100 MW thermal
power capacity at its cement plant in Andhra Pradesh and Tamil Nadu at
an cost of Rs5 bn by 1HF11 and acquire a coal mine in Indonesia to
ensure fuel security.

* Maintain Sell with revised target price of Rs90: We believe that
demand slowdown and realisation drop in the Southern region coupled
with lower capital efficiency (lower RoE/RoCE than the peers) will
impact stock valuation. We estimate ICL to report RoCE of 9% and
5.9% for FY10/11E. We lower our EPS estimate for FY10/11 to Rs13.4
and Rs9.2 from Rs17 and Rs15, respectively. We value ICL on EV/tonne
of US$63/tonne to arrive at our Sep 2010 target price of Rs90 (earlier
Rs110, Mar 2010), implying EV/EBITDA multiple of 6.1x for FY11E....