Views on India Cements 4QFY2014 results - Angel Broking

Views of Mr. V. Srinivasan (Research Analyst - Cements, Angel Broking) on India Cements 4QFY2014 results:

"For 4QFY2014 India Cements posted a weak performance on the operating front. The company's top-line fell by 9.9% yoy impacted by low demand and a sharp decline in prices in its key markets which are situated in South India. OPM fell by 783bp on a yoy basis and stood at a low 6.9% impacted by weak realization. The company reported a net loss of Rs. 31cr for the quarter impacted by a 58% yoy decline in operating profit to Rs. 74cr. We maintain a Buy rating on the stock with a Target Price of Rs. 130, considering its attractive valuations."

Shares of INDIA CEMENTS LTD. was last trading in BSE at Rs.116.9 as compared to the previous close of Rs. 116.95. The total number of shares traded during the day was 741630 in over 9898 trades.

The stock hit an intraday high of Rs. 120.9 and intraday low of 114.85. The net turnover during the day was Rs. 87337129.

Source : Equity Bulls

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