“One thing you will notice that in India no cement company has ever given any loss to the bank, no haircut. All cement companies have gone at a higher rate than what their debt was. So, it is a very clear that cement buyers are there quite a lot,” says HM Bangur, Chairman, Shree Cement.What … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more
