Analyst Research Report Snapshot

Title:

Finquest Sec. - India Cement

Price:

$81.00

Provider:

Finquest Securities Pvt Ltd

Date:

24 May 2013

Pages:

8

Type:

AcrobatPDF

Companies referenced:

ICMN.NS

Available for Immediate Download
Summary:

Poor realization and high freight expenses impacts profitability Margins are expected to remain under pressure in FY13 and FY14 as operating cost increases and as realization falls… But growth in volumes for the company is expected to help going ahead Maintain our 'Buy' rating on the stock with price target of Rs 110 as the company is the cheapest among the frontlines in terms of asset based valuation Volumes posts decent growth while realizations remained under pressure- Revenue from Shipping and IPL post impressive growth - Continued power holiday in Andhra Pradesh increases the power & fuel expenses- Higher freight costs impacts the margins Maintain our 'Buy' rating with target of Rs 110

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