UltraTech Cement posted better-than-expected third quarter earnings Saturday but Murtuza Arsiwalla, analyst at Kotak Institutional Equities is not too optimistic on the stock right now due to its rich valuations.
The 15 percent year-on-year volume growth for the fourth quarter of FY16 came as a surprise but maintaining it in the coming quarters will be a challenge, says Murtuza Arsiwalla, Analyst at Kotak Institutional Equities.
In an interview to CNBC-TV18, Murtuza Arsiwalla of Kotak Investment Banking shares his opinion on the cement sector and NTPC.
In an interview to CNBC-TV18, Murtuza Arsiwalla, Senior Analyst at Kotak Institutional Equities talks about the earnings of cement companies.
Murtuza Arsiwalla, Senior Analyst at Kotak Institutional Equities has reduced rating on Jindal Steel & Power with a target price of Rs 160.
Murtuza Arsiwalla, senior analyst, Kotak Institutional Equities has a buy on CESC.
Ultratech is also a meaningfully larger company than ACC and Ambuja, says Murtuza Arsiwalla, senior analyst at Kotak Institutional Equities
Murtuza Arsiwalla sets a target price of Rs 150 for Ambuja Cements and Rs 1,070 for ACC going ahead.
Murtuza Arsiwalla of Kotak Institutional Equities is cautious on Ambuja Cements and ACC.
Murtuza Arsiwalla of Kotak Institutional Equities is cautious on UltraTech Cement and expects Rs 1,650 from a 12-month forward perspective.
Murtuza Arsiwalla of Kotak Institutional Equities is positive on Jaiprakash Associates.
Kotak Institutional Equities feels that the earnings from UltraTech Cement reflected the trend for the cement sector in the quarter. It is cautious on the stock given the downside risk of valuations and estimates.
Holcim stands to gain Rs 3,500 crore free of tax from India because Holcim Mauritius is going to be the seller of shares and as per the India-Mauritius tax treaty there is no tax on capital gains
Murtuza Arsiwalla of Kotak Institutional Equities believes the company's construction and real estate figures look lopsided. According to him, margins across segments took a beating and contributed to the poor performance in Q3.
Coal India has been under a bit of a cloud over the last few days. In an interview to CNBC-TV18, Murtuza Arsiwalla, analyst of Kotak Institutional Equities says, the stock would remain under pressure in the short-term. However, he is confident on the long-term positives of the company.