Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Cement dispatches – September 2011
ACC’s dispatches for September 2011 stood at 1.73mn tonnes, up by decent 9.5% yoy,
aided by expansions at Wadi and Chanda. However, the company’s dispatches were down
by ~8% on mom basis. Ambuja Cements (Ambuja) posted moderate 2.3% yoy growth in
dispatches in September to 1.55mn tonnes. Ambuja’s dispatches were higher by 2.8% on
mom basis as well. Cement dispatches are expected to pick up in October 2011 post
the monsoon season. Cement prices are also expected to witness hike with the increase in
dispatches. At the CMP, ACC and Ambuja are trading at EV/tonne of US$120 and
US$151, respectively, on CY2012E capacity. We continue to remain Neutral on ACC
and Ambuja.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Cement dispatches – September 2011
ACC’s dispatches for September 2011 stood at 1.73mn tonnes, up by decent 9.5% yoy,
aided by expansions at Wadi and Chanda. However, the company’s dispatches were down
by ~8% on mom basis. Ambuja Cements (Ambuja) posted moderate 2.3% yoy growth in
dispatches in September to 1.55mn tonnes. Ambuja’s dispatches were higher by 2.8% on
mom basis as well. Cement dispatches are expected to pick up in October 2011 post
the monsoon season. Cement prices are also expected to witness hike with the increase in
dispatches. At the CMP, ACC and Ambuja are trading at EV/tonne of US$120 and
US$151, respectively, on CY2012E capacity. We continue to remain Neutral on ACC
and Ambuja.
No comments:
Post a Comment