With an expected negative earnings season approaching especially in public sector banks, IT and commodities, the market will remain volatile, says Tirthankar Patnaik of Mizuho Bank.
Motilal Oswal has come out with its report on Cement sector. The research firm, continues to prefer players with strong volume levers, efficient operations and healthy balance sheet like UltraTech among large caps, and JK Lakshmi, Dalmia Bharat and JK Cement among mid caps.
Prakash Diwan, Dir, Altamount Capital Management is upbeat on the cement and logistics space on back of new age growth in the infrastructure theme.
With tepid September jobs report from the US, the possibility of a tapering in the monthly bond buying programme by the US central bank is likely to be delayed further. Will the sentiment drive the markets up today?
According to Amit Gupta of ICICIdirect, one may short ACC at around Rs 1180-1200 with a stoploss of Rs 1240. “The stock may slip to Rs 1120,†he adds.
The market is not expected to go beyond 5,680. On the lower side, it can touch 5,480, which if not sustained, may drag the Nifty down to 5300.
The premium valuations of a few large cap cement companies like Ambuja Cements, UltraTech Cement are unjustified given the weak macro environment. However, the current replacement costs and market leadership of these companies are keeping them at rich valuations. Hence, we remain neutral on Ambuja and UltraTech Cement, says ICICIdirect.
Emkay Global Financial Services has come out with its report on cement space. The research firm remains positive on Grasim (led by structural change in VSF business and improved performance from cement division) amongst large caps.
Emkay Global Financial Services has come out with its report on cement space. The research firm prefers Grasim, ACC, Shree Cement & Madras Cement.
Sushil Finance has come out with its report on cement space. The research firm recommends investors to book profit in cement stocks.
Motilal Oswal has come out with its report on cement space. The research firm prefers Ambuja Cements and UltraTech/Grasim in large-caps, and Shree Cement in mid-caps.
Nirmal Bang has come out with its report on cement space. The research firm believes the cement sector has gradually started to gear up for the cyclical upturn in the next two years.
Microsec has come out with its report on cement space. Robust sales from India‘s two largest cement makers, Aditya Birla Group‘s UltraTech and Swiss major, Holcim‘s Ambuja Cements, in May are likely to bring the industry back on a double-digit growth trajectory after a gap of two months.
PN Vijay, Portfolio Manager is negative on cement space.
SP Tulsian, sptulsian.com is positive on cement space.
Angel Broking has come out with its report on cement space. The research firm maintains Neutral view on the sector.
Sushil Finance has come out with its report on cement space.
SP Tulsian of sptulsian.com shares his view on cement space.
Emkay Global Financial Services has come out with its report on cement space.
Cement space may underperform, says PN Vijay, Portfolio Manager, www.askpnvijay.com.
Dipan Mehta, Member- BSE/ NSE is positive on cement space.
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.
Sushil Finance has come out with its report on Cement space. According to research firm. one can remain invested in cement stocks for long term.
Emkay Global Financial Services has come out with its report on cement space. The research firm is neutral on cement space.
SP Tulsian, sptulsian.com shares his view on cement space.