India Cements Ltd

Type: Company
Name: India Cements Ltd
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

Forget Sensex, top 10 stocks which can give up to 100% return in next 12 months

NEW DELHI: After a smart rally seen so far in the year 2014 (up 25% YTD), the weakness in the benchmark index can be best described as consolidation. But analysts still want to remain cautious and are not ruling out a scenario in which the markets may ... [Published Economic Times - Oct 01 2014]
First reported Sep 22 2014 - Updated Sep 22 2014 - 1 reports

Sensex drops over 100 points, Nifty slips below 8100; top 20 intraday trading bets

NEW DELHI: The S&P BSE Sensex slipped as much as 172 points in trade on Monday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in Infosys, Sun Pharma, TCS, HDFC and M&M.Tracking the momentum, the 50-share Nifty ... [Published Economic Times - Sep 22 2014]


"So, our only recommendation to investors at this time is that rather than getting trapped into this thing about where the correction will come, continue to invest in the market in small instalments using SIPs" he added
Speaking on the topic, he said, "They (investors) felt that the company is focusing more on other businesses than cement, which is wrong. Now we have decided to trim the non-cement business activities." The list of the company's non-core businesses includes a financial services firm, a securities broking company, and a chemicals firm...
N Srinivasan, vice chairman and managing director of India Cements, said, "Our profits were lower as we suffered from increased input costs due to power and fuel. We got slaughtered because of power costs." The combination of lower realization and rise in power cost dragged the company's Ebitda margin down to 18.3 per cent...
Meanwhile, the company is now looking to export markets including Sri Lanka and South Africa for selling its products. "We are looking at exports from India, to countries like Sri Lanka and South Africa. Of course, there are challenges to face in it, but exports is feasible now" said Mr. Srinivasan. Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

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Forget Sensex, top 10 stocks which can give up ... [Published Economic Times - Oct 01 2014]
Sensex drops over 100 points, Nifty slips below... [Published Economic Times - Sep 22 2014]
India Cements Ltd to trim non-core assets [Published - Jun 07 2013]
India Cements’ quarterly profits slip 30% year-... [Published - Nov 06 2012]
India Cements reports profit after tax of Rs.62... [Published - Aug 14 2012]
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