Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
For a company with debt of around Rs 60,000 crore, Jaypee Group has little other option, but to sell its assets, says Mangesh Bhadang, cement, construction analyst at Quant Broking.
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
In an interview to CNBC-TV18, Mangesh Bhadang, Research Analyst at Quant Capital shares his outlook on the financial performance of the company in the quarter gone by and the road ahead.
Grasim Industries' earnings beat street expectations on every front.
Experts see cement companies facing earnings downgrade on continued pressure on costs and decline in realizations.
Mangesh Bhadang, Cement Analyst of Quant Capital is negative on Ambuja Cements. The stock fell nearly one percent to close at Rs 188.20 on Bombay Stock Exchange.