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Ultratech Cement Ltd (ULTC.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 30 days.
The stock has outperformed broader markets in the last couple of months on the back of positive newsflow on cement
prices making near term valuations less attractive. Moreover, we believe that QE Sep-11 earnings could disappoint
notwithstanding the Street's muted expectations, given price weakness in Jul-11 and Aug-11and muted volumes.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Ultratech Cement Ltd (ULTC.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 30 days.
The stock has outperformed broader markets in the last couple of months on the back of positive newsflow on cement
prices making near term valuations less attractive. Moreover, we believe that QE Sep-11 earnings could disappoint
notwithstanding the Street's muted expectations, given price weakness in Jul-11 and Aug-11and muted volumes.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: Attractive
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