Fri, Aug 09, 2019
HDFC Securities maintains BUY on Zensar after its in-line 1QFY20. Strong deal pipeline, ramp-up of large deals and improving win-ratio provide revenue visibility. However, Margins are not showing signs of improvement despite revenue up-tick.
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Mon, May 27, 2019
JK Lakshmi Cement on Wednesday posted its Q4 results and reported a 27.80% increase in standalone net profit at Rs 43.25 crore for the quarter ended March 2019.
Tue, May 21, 2019
JK Lakshmi Cement is expected to get gains, if Modi government retuns to power. PMAY, real esate boost and new laws in housing industries will likely to benefit the company. Stable government will propel infrastructural stability, which will be benficial for cement manufacturer. As per Motilal Oswal the target for the share is Rs 386, while CMP is Rs 366.
Mon, Dec 03, 2018
The cement industry was not growing as per our expectations, which stood between 8-10%, for the past three years. However, the picture has changed in past one year and the demands have gone up to 12-14% across India.
Wed, Jul 25, 2018
Sensex has been hitting record highs for a couple of days, however, the midcap and the smallcap stocks have not been participating in the rally. Interestingly, only three stocks - Tata Consultancy Services, HDFC Bank and Reliance Industries - contributed most to the record rally Sensex and Nifty witnessed.
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.
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