One can buy on Madras Cements with a target price of Rs 174. It is one of the most efficient cement players in South India and the fact is that it has got lowest exposure to volatile markets of Andhra Pradesh that provides some sort of stability to it, says Vishal Jajoo of Nirmal Bang.
Prakash Diwan of Altamount Capital Management advises buying Emami with a target price of Rs 499 and Motherson Sumi with a target price of Rs 230.90.
SP Tulsian of sptulsian.com has a positive view on ACC and Ambuja Cements, and advises buying Madras Cements and Shree Cements at current levels.
Madras Cements has reported a sales standalone turnover of Rs 987.18 crore and a net profit of Rs 68.85 crore for the quarter ended Jun '13
AnandRathi Securities has recommended to buy UltraTech Cement, Pfizer, Madras Cements and Mcleod Russel India with a target price of Rs 2100, Rs 215, Rs 1232 and Rs 400 respectively, in its research report dated July 30, 2013.
Brokerage house Emkay Global Financial Services is bullish on Madras Cements (MCL) and has recommended accumulate rating on the stock with a target price of Rs 250 in its July 22, 2013 research report.
SP Tulsian of sptulsian.com says Madras Cements now ruling at around Rs 215-216 looks a good short-term buy for a week to 10 days view, for a price target of Rs 230.
Motilal Oswal is bullish on Madras Cements and has recommended buy rating on the stock with a target of Rs 300 in its June 3, 2013 research report.
For the entire 2012-13, net profit of Madras Cements rose to Rs 403.65 crore from Rs 385.11 crore a year earlier. Income also rose to Rs 3,883.45 crore from Rs 3,247 crore.
Madras Cements has a potential target of Rs 255 to Rs 260, says Shardul Kulkarni of Angel Broking.
Emkay Global Financial Services has come out with its report on cement sector. The research firm remain negative on ACC while retains hold rating on Ambuja Cements & UltraTech Cement. Remains positive on Grasim Industries led by expected bottoming out in VSF business profitability.
Angel Broking has maintained neutral rating on Madras Cements in his February 18, 2013 research report.
Madras Cements has reported a sales standalone turnover of Rs 904.95 crore and a net profit of Rs 83.60 crore for the quarter ended Dec '12
Motilal Oswal has come out with its report on cement sector. According to the research firm, the profitability of Mid Cap Cement Universe is expected to improve by INR154/80 per ton in FY14/FY15 to INR1,033/INR1,113 per ton.
Emkay Global Financial Services has come out with its report on cement sector. According to the research firm, demand is expected to recover in post 15th January as peak construction season starts. Emaky retained hold on UltraTech Cement & Ambuja Cements and remained positive on Grasim Industries.
Madras Cements gained 0.5 percent to Rs 241.20 on Tuesday when the two block deals worth Rs 33 crore executed on both exchanges in afternoon trade.
Madras Cements rose as much as 3 percent intraday on Thursday. More than 8.4 lakh equity shares of the company have changed hands at Rs 239 on the National Stock Exchange.
Emkay Global Financial Services has come out with its report on cement sector. According to the research firm, one can prefer ACC in cement space.
Emkay Global Financial Services has come out with its report on conviction ideas. The firm recommends 8 midcap stocks for investment.
Emkay Global Financial Services has come out with its report on cement space. The research firm remains positive on Grasim, Shree Cements and Madras Cements.
Emkay Global Financial Services has come out with its report on conviction ideas.
Emkay Global Financial Services is bullish on Madras Cements (MCL) and has recommended accumulate rating on the stock with a target price of Rs 245 in its November 5, 2012 research report.
Madras Cements board of directors in their meeting held on November 05, 2012 has declared an interim dividend of Re 1 per share of Re 1 each for 2012-13.
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