Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Shree Cements' Q1 earning beat estimates as sales volumes were strong and capacity expansion is coming on stream. In an interview to CNBC-TV18, HM Bangur, MD of the company spoke about the results and his outlook for the company.
Operating profit margin contracted by 640 basis points YoY to 26.8 percent in Q1.
Net Sales are expected to increase by 3.3 percent Q-o-Q (up 11.9 percent Y-o-Y) to Rs 2459.7 crore, according to Edelweiss. Shree Cement to report net profit at 404.5 crore down 20.3% year-on-year.
Shree Cements is the top pick in the cement space, while Dalmia Bharat is a preferred mid-cap play.
According to Prakash Gaba of prakashgaba.com, Nifty's trend is still up with some more sideways movement not ruled out. The crucial support for the Nifty is at 9560-9540 and the resistance is at 9676.
Prakash Gaba of prakashgaba.com is of the view that 9540 is a strong support to work with and upside to 9660 is a possibility and it is the banks that hold the key. The crucial support for the Nifty is at 9660 and the resistance is at 9560. Bank Nifty has support at 23100 and resistance at 23500.
Edelweiss is bullish on Shree Cements has recommended buy rating on the stock with a target price of Rs 21140 in its research report dated May 16, 2017.
Average cement prices for the year would move higher by 3-4 percent less than inflation but in the short-term, they could move up or down dramatically, said HM Bangur, MD, Shree Cement.
The company's Q4FY17 (Jan-March) net profit declined 54.1 percent at Rs 304.5 crore against Rs 663 crore, in the same quarter last fiscal.
Cement manufacturer posts net profit at Rs 304.5 crore against Rs 663 crore; revenues were reported at Rs 2,683.4 crore, up 19.3 percent
Sudarshan Sukhani of s2analytics.com recommends buying NBCC, Muthoot Finance, Shree Cements and Bharat Petroleum Corporation and advises selling Dr Reddy's Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Shree Cements and sell Sun Pharma while one can stay away from Lupin.
Only Infibeam Corporation was loser, down nearly 16 percent. The stock also lost 20 percent intraday today.
Satish Gupta of astrostocktips feels that cement stocks like India Cement, UltraTech Cement, Shree Cements, Ambuja Cements, Mangalam Cement and Prism Cement will get astrological support.
According to Satish Gupta of astrostocktips, cement stocks like India Cements, ACC, UltraTech Cement, Ambuja Cements and Shree Cement will get astro support.
Analysts and trade sources blamed rise in input costs for the price hikes even as demand remains subdued.
Cipla | Bharat Forge | Tata Steel | SBI | PNB | Bharti Airtel | UltraTech Cement | Jaiprakash Associates | Aditya Birla Nuvo | Shree Cement | Religare Enterprises | ARSS Infra | Srei Infrastructure | GMR Infrastructure and SAIL are stocks, which are in the news today.
Shree Cement today said it has secured supply of 60,000 tonnes per annum of coal from state-owned CIL arm Southern Eastern Coalfields.
Deutsche Bank's largecap picks are Aurobindo Pharma, BPCL, Maruti Suzuki, NTPC, SBI, Shree Cement, Tata Motors, TCS, Tech Mahindra and Vedanta India.
Abhay Laijawala of Deutsche Bank says while he remains excited about the roll-out of the GST (Goods & Services Tax) in July, he sees this impacting consensus earnings in second half of FY18 following the rollout.
Cement stocks like HeidelbergCement, India Cements, ACC, Shree Cement and UltraTech Cement will get astro support, says Satish Gupta of astrostocktips.
In an interview to CNBC-TV18 Rajesh Kothari of AlfAccurate Advisors shared his reading and outlook on the market.
Geojit BNP Paribas is bullish on Shree Cement has recommended buy rating on the stock with a target price of Rs 17567 in its research report dated February 09, 2017.
In the past one month, the stock price of little-known Andhra Cements ran up close to 70 percent, even beating its larger peers by a margin. The rally could most likely have been sparked by market buzz that the Jaypee Group-promoted cement player has been put on the block.