ICICI Direct recommended hold rating on Heidelberg Cement with a target price of Rs 220 in its research report dated July 31, 2019.
Net Sales are expected to increase by 5.5 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 566.6 crore, according to Prabhudas Lilladher.
ICICI Direct recommended hold rating on Heidelberg Cement with a target price of Rs 220 in its research report dated May 30 2019.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 30 points or 0.27 percent. Nifty futures were trading around 11,253-level on the Singaporean Exchange.
Net Sales are expected to increase by 6.9 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 561.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 7.2 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 563.4 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 3.5 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 508.2 crore, according to Chola Securities.
Net Sales are expected to increase by 11.6 percent Y-o-Y (up 12.6 percent Q-o-Q) to Rs. 539.8 crore, according to ICICI Direct.
Net Sales are expected to increase by 19.3 percent Y-o-Y (down 6.6 percent Q-o-Q) to Rs. 501.2 crore, according to Prabhudas Lilladher.
Reliance Securities is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 150 in its research report dated June 06, 2017.
ICICI Direct is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 145 in its research report dated May 26, 2017.
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However, SP Tulsian, CEO at sptulsian.com finds it difficult to comment whether sugar stocks will hit their previous highs or not but majority of the stocks in this space will post record bottom-line.
Competition Commission of India has approved German firm Heidelberg Cement's proposed acquisition of Italcementi SpA. Heidelberg and the Italian company are into the business of cement and building materials. In July, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about 3.7 billion euros.
The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
Coal India | TCS | HDFC Bank | Corporation Bank | JSW Steel | Heidelberg Cement | Alstom T&D | Wheels India | Siemens India | Coromandel International | Canara Bank | Gujarat NRE Coke | Apollo Hospital | M&M | Speciality Restaurant | Bharti Airtel and 3i Infotech are stocks, which are in the news today.
GSK Pharma | Coal India | Tilaknagar Industries | Accel Frontline | Tech Mahindra | Heidelberg Cement | Wheels India | Clariant Chemicals | Polaris Financial | Essar Ports | GMR Infrastructure | Torrent Pharma | Kingfisher | Tata Motors | HPCL and ONGC are stocks, which are in the news today.
Here's how small cap stocks opened on October 17
TCS | ONGC | Kalindee Rail | Castrol India | Bajaj Holdings | Heidelberg Cement | Bharti Airtel | Idea Cellular | Development Credit Bank | Bajaj Auto | Mindtree | Blue Dart | PFC | Hindustan Zinc and Hindalco are stocks, which are in the news today.
Heidelberg Cement India recently sold its grinding unit in Raigard to JSW Steel. The company currently has a little over five million tonnes per annum cement-making capacity.
The two companies signed the Business Transfer Agreements for the acquisition on October 5. JSW Steel had acquired the company through its now merged associate firm JSW Ispat Steel.
Heidelberg Cement swung into Rs 8 crore loss during Q1 from Rs 19 crore profit it posted in the year-ago period.Total expenses of the company also increased to Rs 352.97 crore from Rs 275.75 crore a year ago, mainly due to costlier raw materials, power and fuel costs and freight charges.
Heidelberg Cement's freight cost went up 40 percent Y-o-Y Rs to 567 crore, power and fuel cost shot up to Rs 1036 crore from Rs 776 crore in June quarter
Amid speculations of likely depression in cement prices due to early arrival of monsoon, Heidelberg Cement told CNBC-TV18 today that the company had raised cement prices by Rs 2-5 per 50kg bg in some markets.