Global brokerage firm Credit Suisse maintained an underperform rating on and outperform rating on Havells India; BofA Securities retained a buy call on , and CLSA maintained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on AU Small Finance Bank: … Read more
“The internet will soon cost lesser than the price of a vada pav,” roared Mukesh Ambani in September 2016 at the launch of Reliance Jio, the latest telecom entrant in an overcrowded market. One gigabyte of data used to cost about Rs225 in those days, and vada pav, Rs12. Fast forward a few years – … Read more
The Nifty50 index broke below 200-DMA for the third time in the last five trading sessions on Monday largely weighed down by negative global cues. The index which fell nearly 4 per cent in September is struggling to hold above the long-term moving average on the first trading day of October, which suggests selling pressure … Read more
Synopsis The Indian cement industry is crowded with multiple players trying to survive in cut-throat competition. The top 5 players in the industry are UltraTech Cement, Shree Cement, ACC Ltd, Ambuja Cements and Dalmia Bharat. These players together have a capacity of over 270 million tonnes per annum (MTPA). Let us look at the top … Read more
Benchmark equity indices ended the week on a positive note, thanks to buying during the early half of the week. However, the gains were cut short by reversal on Friday as traders dumped financial stocks ahead of the RBI meeting. It was the third consecutive week of gain for the Indian equity market, led by … Read more
On the valuation front, considering its one-year forward earnings, the stock of UltraTech Cement is trading at an EV/EBIDTA of 16.4. Synopsis The management said it will increase cement prices in the coming months as the cost of production increases in tandem with rising fuel prices. It has already increased cement prices by ₹10-15 in … Read more
Mumbai: Who are the clear winners — and relative stragglers — of the global commodities supercycle? Metals, mining, oil & gas companies should gain, but higher output prices of these industries will have a negative impact on user industries — auto, real estate, consumer staples, and durables. Global commodity prices have surged in 2021, with … Read more
Amidst the second wave of Covid-19 and high valuations, fund managers stuck to shares of companies that would benefit from the upcycle in commodities and also those more dependent on the domestic economy. ET takes a look at the companies that have caught the eye of fund managers at leading fund houses in April: CementBought … Read more
MUMBAI: Cement Ltd today reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore, which was slightly higher than analysts’ estimates. The company’s topline soared 34.6 per cent on-year in the quarter to Rs 13,784 crore, reflecting the strong demand and pricing conditions for the industry. “UltraTech’s recovery from the Covid-19 … Read more