Picking the right investment theme is key to outperform equity benchmarks.
Cement prices snapped a six-month decline in October and are expected to rise further, according to dealers’ survey.
Indian indices fell 8 percent last month compared with a 3 percent decline in MSCI Emerging Market Index.
The Supreme Court eased its ban on the use of highly polluting petcoke by allowing imports by the aluminium industry.
Analysts expect SAIL’s operating profit to grow at annualised rate of 37 percent over FY18-20, higher than 7-17 percent for peers.
Coal India’s offtake rose less than a percent in September to 43.91 million tonnes—the lowest level since October 2016.
Liquidity concerns around NBFCs may add to the woes of cementmakers, grappling with a supply glut and low pricing power.
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Shares of Graphite India opened 4 percent lower but soon recovered to trade 0.30 percent higher.
Cementmakers continue to feel pressure from excess supply. They expect this situation to change only next year.
Analysts expect seven of the nine pharma stocks are expected to fall in the range of 4-18 percent.
NMDC hiked prices of lumps and fines to Rs 3,550 a tonne and Rs 3,100 per tonne, respectively, in September.
The stock is down over 40 percent so far this year amid fears of alleged financial irregularities.
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Coal India reported its best August since listing as it rebounds after two straight months of declines.
Prices of pellets rose 29 percent over the last one month to Rs 8,100 a tonne, according to Edelweiss.
JSW Steel, trading close to its 52-week high, has outperformed domestic and global peers.
Dalmia Bharat trades at a 32 percent discount to UltraTech Cement, the lowest since 2013.
U.S. imposes tariffs on metal pipes imported from India, China and four other nations.
Equity exposure in bulks, i.e. steel, iron ore, coal, offers better risk reward to base metals amidst escalating trade war.
‘Not so cheap’ valuations of cement companies are unlikely to correct due to increasing entry barriers, says Macquarie Research.