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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Summary
Over last two years, EV per MT of ACC in US$ term has been in the range of US$100-198. At current market price the stock is trading at US$198/MT at its two years high and at a 27.5% discount to its all time high of US$253/MT.
We expect the cement prices to remain strong over next few months and despatches are also expected to show a strong growth on account of seasonal up tick. Hence we belive this should help the company in further increasing its operating margins going forward. However as a result of sharp run up seen in the recent past, upside is limited for the stock.
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