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    HomeNewsBusinessStocksLow base effect boosts cement volumes in Nov: Sharekhan

    Low base effect boosts cement volumes in Nov: Sharekhan

    Sharekhan has come out with its report on cement space. The research firm prefers Grasim Industries (Grasim) in the large-cap space and Orient Paper and Industries (Orient Paper) in the midcap space.

    December 07, 2011 / 17:36 IST
       
       
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      Sharekhan has come out with its report on cement space. The research firm prefers Grasim Industries (Grasim) in the large-cap space and Orient Paper and Industries (Orient Paper) in the midcap space.

      Cumulative volume for pan-India players grew by 16.3% on low base effect: The volume growth of the top three domestic cement players, namely ACC, Ambuja Cements and UltraTech Cement (UltraTech), for November 2011 was impressive on a year-on-year (Y-o- Y) basis. This was largely on account of the low base of November 2010. Among the companies Ambuja Cements registered a robust 29.3% growth in its dispatches due to the low base effect (in November 2010 the company

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      first published: Dec 7, 2011 03:46 pm

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