Building Materials (Q3FY24 Results Preview): No Sign of Demand Revival, Stable Margins
In Q3FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 8/31/43% YoY respectively. Revenue growth is muted owing to sub-par...
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HSIE Results Daily: Shree Cement, Cummins, Prestige Estates, Apollo Tyres
Shree Cement: We maintain our REDUCE rating on Shree Cement, with a revised SOTP target price of INR 24,000/share, owing to its expensive valuation
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HSIE Results Daily: Shree Cement, Cummins, Prestige Estates, Apollo Tyres, Alkyl Amines
Shree Cement: We maintain our REDUCE rating on Shree Cement, with a revised SOTP target price of INR 24,000/share, owing to its expensive valuation
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Prince Pipes and Fittings: Business Back to Normal, Outlook Healthy. Maintain ADD
Despite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is over
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Prince Pipes and Fittings - Business Back to Normal; Outlook Healthy
Despite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is over
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