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Cement shares gain; Ramco Cements hits 52-week high,Heidelberg Cement up 5%
Posted on 23rd January 2020
Shares of cement companies were trading firm on the BSE on Thursday amid hopes of earnings improvement with Ramco Cements hitting a 52-week high, while Heidelberg Cement rallied 5 per cent intra-day.

In the past month, the share prices of JK Cements, Shree Cement, JK Lakshmi Cement, India Cements, Orient Cement, Birla Corporation, Ramco Cements and Heidelberg Cement have all soared over 10 per cent.

UltraTech Cement, ACC, Ambuja Cements and Dalmia Bharat gained in the range of 5 per cent to 10 per cent on the BSE. In comparison, the S&P BSE Sensex was down 1 per cent during the same period.

The government’s firm commitment to revive the economy and the thrust on infrastructure spending augurs well for the growth of cement demand. The heavy rains in the country should also prove beneficial for kharif crop, which should again help revive rural demand.

Market analyst expect fortunes of the cement industry to take a favourable turn, led by demand revival, surging cement prices, industry consolidation and benign raw material prices.

Demand had taken a severe beating during H1FY20 due to several headwinds, despite which industry EBITDA/tn jumped around 41 per cent year-on-year driven by stable cement prices and improving cost efficiencies.

“Currently, most cement players are trading at around -1-standard deviation from their average 5 year EV/EBITDA levels and hence present an attractive buying opportunity. Going forward, we expect significant profitability gains to be driven by demand recovery, higher utilisation and sustained cement prices,” analysts at Edelweiss Broking said in industry update.

Motilal Oswal Securities expect five key trends to emerge in CY2020 for cement sector, such as recovery in volume growth to 6 per cent backed by pick-up in spends on infrastructure development (roads, irrigation, metros, etc.), limited clinker expansion, which should help clinker utilization rise to 79 per cent, front-ended price hikes after continuous decline in the past six months, benign costs in 1H on lower petcoke prices, and further sector consolidation (Emami, Murli, Vadraj), which should support prices.

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TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh
Posted on 24th February 2020

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Maruti launches petrol version of Vitara Brezza, priced at Rs 7.34 lakh
Posted on 24th February 2020

The country's largest carmaker Maruti Suzuki India on Monday launched the petrol version of its popular compact SUV Vitara Brezza priced between Rs 7.34 lakh and Rs 11.4 lakh (ex-showroom Delhi).

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Hero MotoCorp shares slip to over 5-year low, tumble 12% in February
Posted on 24th February 2020
Shares of Hero MotoCorp (HMCL) slipped 2 per cent intra-day to hit an over five-year low of Rs 2,192 on the BSE on Monday amid concerns that the volume weakness might continue in the next 2-3 quarters due to inventory correction with dealers and notable price increases as a result of the BSVI transition. The two-wheeler major's stock was trading at its lowest level since May 2014.

Malaysia PM Mahathir Mohamad submits resignation to king amid turmoil
Posted on 24th February 2020

Malaysian Prime Minister Mahathir Mohamad, at 94 the world's oldest leader, submitted his resignation to the king Monday after a bid by his allies to bring down the government and block the succession of leader-in-waiting Anwar Ibrahim.

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