The top picks which the brokerage is betting on from the sector are ACC, UltraTech and JK Cement
The industry is traversing through a challenging landscape and the anticipated upcycle in the sector does not seem likely in the near term. In the current environment, we prefer companies with strong market positioning and strict cost focus
We feel any weakness in the stock price from current levels (due to earnings weakness or index movements) should be capitalised for long term investments as the company is the lowest cost producer
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.
Sanghi Industries has posted a good set of Q3 earnings. Their profit after tax (PAT) looks good and margins too have jumped up. In an interview to CNBC-TV18, Bina Engineer, Director of the company discussed Q1 performance.
Sanghi Industries posted a flat set of Q2 results. Power and fuel costs have also spiked which impacted the company's performance in Q2. In an interview with CNBC-TV18, Bina Engineer, Director of the company discussed the details.
Sanghi Industries posted steady set of Q1 results. In an interview to CNBC-TV18, Bina Engineer, Director of the company discussed the Q1 performance.
"We are expecting the delivery of our own fleet of two ships during next couple of months. So FY18 we will have the benefit of this ship and the coastal shipping for about three-four months. We should see incremental volumes from Maharashtra and Mumbai market", Bina Engineer, Director of Sanghi Industries told CNBC-TV18.
"Post-demonetisation there was a lot of anticipation that offered negative impact on the real estate and cement sector. To derisk ourselves, we had garnered aggressive export orders which helped us maintaining the volumes, topline and cash flows for Q3", Bina Engineer, Director of Sanghi Industries told CNBC-TV18.
"On the pure cement volume, we have achieved a growth of almost 10 percent from 6,02,000 to 6,63,000, which apparently has helped the margins also", Bina Engineer, Director of Sanghi Industries told CNBC-TV18.
In an interview with CNBC-TV18, Bina Engineer, Director, Sanghi Industries, discussed the company's second quarter earnings and the outlook ahead.
Bina Engineer, Director, Sanghi Industries, discusses company's future outlook.