Cement and paints markets are like chalk and cheese and strategies for dominance or entry are different.
In this edition of Moneycontrol Pro Panorama: India needs to check its policy towards Chinese investment, markets poised for a turbulent week ahead, pros and cons of the budget explained in a nutshell, decoding corporate tax rates, and more
Net Sales are expected to increase by 19.4 percent Q-o-Q (up 10.4 percent Y-o-Y) to Rs 160 crore, according to HDFC Securities. Deccan Cements to report net profit at 10 crore up 3.8% quarter-on-quarter.
Speaking to CNBC-TV18, S Sreedhar Reddy, Managing Director of Panyam Cements, said the company would continue focusing on the Rayalseema region.
Auto, Realty, Infra, IT, Telecom, Cements & Steel sectors will tend to remain positive under the positive astrological influence while during today‘s trading session, says Indrodeep Banerjee of InstituteofFinancialAstrology.com.
Jai Bala of 1857 Advisors feels that Grasim Industries may go upto Rs 4200.
On the macro front, Prabodh Agrawal, president and head of research at IIFL Institutional Equities, continues to remain positive. He says even if GST implementation gets delayed by three months, it should not be an issue.
Ajay Bagga of OPC Asset Solutions is bullish on IT space.
Chennai-based India Cement said demand in east and south has brought down growth.
In an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, Mehrab Irani, General Manager - Investments, Tata Investment Corporation Limited said the market is indicating some bottom formation. He sees the large-cap IT stocks underperforming in the near-term over speculation of major restructuring.
Shriram Transport Finance Corporation came out with its results. The revenues were up 19.2% at Rs 1375.6 crore versus Rs 1154.5 crore.