HM Bangur, MD, Shree Cement is upbeat on seeing an uptick in demand in the second half from November 15 onwards.
If one is keen to buy into a cement play, UltraTech is definitely superior for the simple reason that it has already delivered on most fronts, said Prakash Diwan.
Pritesh Jani of Religare Capital Markets says the EBITDA/tonne for Indian business was in line with their expectations. However, Europe at USD 50/tonne was a positive surprise because in last quarter they were at minus USD 15/tonne, so it was a swing of plus USD 65