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Analysts are bullish on cement companies following firm prices and a gradual relaxation in lockdown across states. They believe the strategy of focusing on prices instead of volume improvement will pay off in terms of stable or better operating margins before depreciation, and amortization (EBIDTA margins).
Gokaldas Exports reports 152% jump in revenuesThe company reported a profit before tax (PBT) of Rs 50.8 crore compared to a loss of Rs.2.6 crore in the same period last year and a PBT Rs 52.4 crore in the Jan-March quarter of the last fiscal year. In the first quarter of… Read MoreAhead of Market: 10 things that will decide D-St action on TuesdayRIL (Rs 2,585 crore), ICICI Bank (Rs 1,694 crore), Infosys (Rs 1,179 crore), Tata Steel (Rs 951 crore), HDFC Bank (Rs 707 crore), and UltraTech Cement (Rs 584 crore) were among the most active stocks on NSE in value terms. Hi… Read MoreTata Steel stock-split proposal gets 'necessary' approvals: CFO Koushik ChatterjeeTata Steel had earlier said its board would consider a proposal for sub-division of the equity shares of the company having a face value of Rs 10 each.
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… Read MoreAhead of Market: 12 things that will decide D-St action on WednesdayNifty50 on Tuesday fell for the second day in a row and, in the process, settled below 16,500 level. The index formed a bearish candle on the daily chart, with no upper wick, suggesting selling at the word go. The 50-pack ind… Read MoreSnap plunges 35% after results as US stocks open mixedAbout 30 minutes into trading, Snapchat's parent company was down 35.4 percent as it pointed to a punishing confluence of increased competition, slowing growth of its revenue, "upended" advertising industry standards and macr… Read More
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