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We advise investors to tread carefully as the rich valuations might be difficult to sustain in a weak demand environment.
Net Sales are expected to decrease by 3.5 percent Y-o-Y (down 9.8 percent Q-o-Q) to Rs. 2,963.7 crore, according to HDFC Securities.
Net Sales are expected to increase by 1.3 percent Y-o-Y (down 5.3 percent Q-o-Q) to Rs. 3,111.2 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 20.5 percent Y-o-Y (up 21.8 percent Q-o-Q) to Rs. 3,386.1 crore, according to ICICI Direct.
Net Sales are expected to increase by 15.8 percent Y-o-Y (up 17.1 percent Q-o-Q) to Rs. 3,255.3 crore, according to Prabhudas Lilladher.
The top picks which the brokerage is betting on from the sector are ACC, UltraTech and JK Cement
Cement sales volumes increased to 5.93 million tonne in quarter ended December 2018 against 5.3 million tonne in year-ago
Net Sales are expected to increase by 18.2 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 2,720.9 crore, according to ICICI Direct.
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
Net Sales are expected to increase by 13.7 percent Y-o-Y (down 20.8 percent Q-o-Q) to Rs. 2,430 crore, according to Sharekhan.
Net Sales are expected to increase by 22.5 percent Y-o-Y (down 14.7 percent Q-o-Q) to Rs. 2,617.5 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 17.3 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 3,016.5 crore, according to ICICI Direct.
With a pick-up in infrastructure development activities, overall demand is expected to remain firm. Government spending on infrastructure, along with affordable housing schemes, should propel cement industry growth to 7-8 percent in the current fiscal
Brokerage houses remained positive on the stock, advising a buy after June quarter earnings performance.
Net Sales are expected to increase by 17.3 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 3,016.5 crore, according to ICICI.
Net Sales are expected to increase by 9.1 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 2,767.2 crore, according to Kotak.
Reliance Securities has maintained its positive stance on UltraTech Cement and Shree Cement in the largecap space
The industry is looking forward to better capacity utilisation this year, as the demand environment, led by a pick-up in infrastructure and housing, is expected to remain buoyant.
The revenue from operations may grow over 24 percent at Rs 2,290 crore against Rs 1,843 crore in the third quarter of FY17.
The company is expecting better results in Q3FY18 compared to that of Q3FY17 because of low base effect, said HM Bangur, MD, Shree Cement.
Cement volumes may grow 10 percent YoY at 5.03 million tonne, led by favourable demand from North market (contributes 75 percent to total volume).
Net Sales are expected to increase by 7.5 percent Y-o-Y (down 14.9 percent Q-o-Q) to Rs. 2157.2 crore, according to ICICI Securities.