Nuvoco Vistas IPO Trading - Tepid Demand
Nuvoco Vistas (NV) raised around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
198 Views
JK Cement: Higher Non-Trade Sales Drag Margins Down
Completion of phase-I expansion to fuel growth in FY22E, an entire 4.2 MT has been commissioned this fiscal. The newly added capacities include...
119 Views
Result Update:J K Cements
The stock is currently trading at 13.8x/11.8x FY22E/23E EV/EBITDA. We value JKCL at 13x FY23E EV/EBITDA to arrive at a TP of Rs3130, implying an...
104 Views
RBI Spoils the Bond Market Party - Prices Unlikely to Scale the Peaks Seen After Demonetization
In a surprise move, the Central bank (RBI) today maintained the policy rate at the current level of 6.25% but changed the monetary policy stance to...
1k Views
Concrete Gains - Buy Cement, Hold on to NBFCs
We will soon hit the 1QFY17 results season in July and we expect earnings to hold ground in FY17 thus breaking the downward revision cycle. Our...
258 Views