Angel Broking has maintained its reduce rating on Madras Cements with a target price of Rs 90 in its May 29, 2009 research report. “We expect the domestic cement industry to witness substantial bunching up of capacities over the next couple of years. As per the company’s announce…
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Reduce Madras Cements, target of Rs 90: Angel Broking
Posted on: June 1st 2009 in Brokerage Recommendations.
Sell UltraTech Cement, target of Rs 526: IIFL
Posted on: May 28th 2009 in Brokerage Recommendations.
IIFL has downgraded its rating on UltraTech Cement from add to sell with a target price of Rs 526 in its May 25, 2009 research report. “We expect sharp erosion in cement realisation from 3QFY10 in the southern and western re…
Emkay positive on ACC, Ambuja, Ultratech & India Cement
Posted on: May 15th 2009 in Brokerage Recommendations.
Emkay Global Financial Services maintains its positive view on ACC, Ambuja, Ultratech and India Cement. With monsoon just around the corner and new cement capacities expected to bunch up in H2FY2010, investors have been rather vary of trend in cement price this monsoon. Cement dispatches …
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