Showing posts with label @IndiaCements. Show all posts
Showing posts with label @IndiaCements. Show all posts

Thursday, April 20, 2017

India Cements - Buy


INDIA CEMENTS - BUY

Company Background :

The India Cements Limited is a cement company. The Company's brands include Sankar Super Power, Coromandel King and Raasi Gold. These brands are also available under sub brands, such as Shankar Shakti and Coromandel Super Power. The Company's plants are located in various locations in India, including Malkapur, Vishnupuram, Chilamkur, Yerraguntla, Vallur, Sankari, Dalavoi, Sankarnagar, Banswara and Parli.

The Company, based on customer requirement, also supplies its brands in High-density polyethylene (HDPE), Paper and Laminated packing. It produces both the variants viz Blended Cement, as well as Ordinary Portland Cement under different grades.

The Company's subsidiaries include ICL Securities Ltd., ICL Financial Services Ltd., ICL International Ltd., Industrial Chemicals & Monomers Ltd., Trishul Concrete Products Ltd., PT. Coromandel Mineral Resources, Trinetra Cement Ltd., Coromandel Mineral Pte Ltd., Coromandel Electric Company Ltd. and India Cements Infrastructures Ltd.

Stock Performance :

 During the last year it has doubled from its bottom and technically looking extremely bullish

Future Outlook :

All Cements stocks are doing very well post Union Budget where there is a visible push for infra projects.

Our Recommendation : BUY

We are expecting the stock to scale new highs. Buy on declines and hold for a target price of Rs.250 holding period of 6 months.

Smart Investor -
Equity Research

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