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Reliance Securities has maintained its positive stance on UltraTech Cement and Shree Cement in the largecap space
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
Net Sales are expected to increase by 16 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 1057 crore, according to ICICI Securities.
Net Sales are expected to decrease by 8.4 percent Q-o-Q (up 9.2 percent Y-o-Y) to Rs 986.2 crore, according to Edelweiss.
Net Sales are expected to increase by 4.1 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs 923.4 crore, according to Kotak Securities.
Net Sales are expected to decrease by 9.2 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs 862 crore, according to ICICI Securities