Author Topic: CEMENT Steady Pricing - CLSA Recos  (Read 104 times)

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CEMENT Steady Pricing - CLSA Recos
« on: June 02, 2019, 08:38:56 PM »
CLSA in a note on Indian Cement Stocks said,

With exit prices higher, 1QFY20 seems like a blockbuster, but our checks suggest higher discounts in the last two weeks due to weak construction activity. With elections behind, a clear picture should now emerge. We upgrade Dalmia from O-PF to BUY with a target price of Rs1,500 (was Rs1,300) and raise India Cements’ target price to Rs135 (was Rs115) while retaining BUY; we are still positive on Ramco, UltraTech and ACC.