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May 24, 2013
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| India Infoline Weekly Newsletter - May 24, 2013 |
| India Infoline News Service/19:08,May 24, 2013 |
| On the domestic front, economic activity has been moderating as factory output continues to lose momentum and services growth decelerates. Domestic consumption, which was a bright spot, is fast fading. But on a positive note, with inflation trending lower, the Reserve Bank may be able to cut policy rates at its June 17 meet.
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| Gurunath Meiyappan neither owner nor CEO of CSK: India Cements |
| India Infoline News Service/18:40,May 24, 2013 |
| India Cements follows zero tolerance policy and if anyone is proved guilty, strict action will be taken immediately and assures full co-operation with BCCI and the Law Enforcement authorities, says media reports.
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May 23, 2013
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| +ve on cement space in medium-term, buy on dips: IIFL Inst Eq |
| India Infoline News Service/16:00,May 23, 2013 |
| The brokerage advises investors to use any sharp correction as a good buying opportunity |
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May 22, 2013
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| India Cements down 3% on match fixing rumours |
| India Infoline News Service/12:02,May 22, 2013 |
| India Cement stock is down by 3.1% on Wednesday, the stock is currently trading at Rs. 81.70 down by Rs. 2.65. Total traded volumes traded at the counter stands at 3.48 lakhs.
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May 21, 2013
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| Heidelberg to sell Raigad cement grinding unit to JSW Group |
| India Infoline News Service/20:12,May 21, 2013 |
| The Company had been exploring possible ways of improving margins of this grinding unit including the possibility to scale up operations but the same was not feasible due to infrastructural bottlenecks. |
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| Add India Cements, target Rs.102/sh: IIFL Inst Eq |
| India Infoline News Service/16:15,May 21, 2013 |
| It has a 12-month target price of Rs. 102, an 18% upside from its current market price of Rs. 87 per share. |
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May 17, 2013
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| India Infoline Weekly Newsletter - May 17, 2013 |
| India Infoline News Service/18:16,May 17, 2013 |
| Earlier in the week, markets declined sharply following higher-than expected trade deficit numbers. Trade deficit in April widened to $17.8bn. Exports increased 1.68% at $24.2bn while imports expanded 10.96% at $41.9bn. However, sentiments turned around after April WPI inflation fell to a 41-month low of 4.89%, it means that RBI has plenty of room to slash interest rates in its upcoming policy meet.
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| HeidelbergCement clarifies reports on stake sale |
| India Infoline News Service/17:30,May 17, 2013 |
| The media had reports that Bain Capital may buy stake in HeidelbergCement India Limited.
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May 15, 2013
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| Lafarge raises €200m to accelerate its development in India |
| India Infoline News Service/16:31,May 15, 2013 |
| Lafarge’s growth plans in India in all its product lines: Cement, Aggregates and Concrete. |
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May 13, 2013
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| Sanghi Ind Q3 FY13 PAT up 234% at Rs41.9cr |
| India Infoline News Service/14:15,May 13, 2013 |
| Net sales in current fiscal’s Q3 was at nearly the same level at Rs 298.1 crore from Rs 297.1 crore in previous year’s Q3. |
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| Sanghi Ind Q3 FY13 PAT up 234% to Rs.419mn |
| India Infoline News Service/14:00,May 13, 2013 |
| Additionally, cost saving measures like debt reduction, higher captive power generation and increasing utilisation of cheaper sea route for transport of cement have given a further boost to profit margins. |
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May 10, 2013
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| India Infoline Weekly Newsletter - May 10, 2013 |
| India Infoline News Service/18:00,May 10, 2013 |
| The Sensex surged past the 20,000 mark while the Nifty came close to its 2013 peak this week, overcoming last month's trade deficit concerns. On the political front, the Congress staged a comeback in the Karnataka assembly polls. India’s growth in industrial productivity accelerated to 2.5% YoY in March on better performance by the manufacturing and power sectors.
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May 06, 2013
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| Reduce ACC; Buy UltraTech, Shree Cement: IIFL Inst Eq |
| India Infoline News Service/16:50,May 06, 2013 |
| The brokerage has a target price of Rs. 1,197 per share, a 2% downside from its current market price of Rs. 1,227. |
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| Reduce Ambuja Cements: IIFL Inst Eq |
| India Infoline News Service/16:10,May 06, 2013 |
| It has cut its earnings estimates for CY13 and CY14 by 18% and 12%, respectively, owing to higher-than-expected increase in costs in Q1 CY13 |
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| See target of Rs. 192/sh on Ambuja Cement: IIFL |
| India Infoline News Service/15:57,May 06, 2013 |
| It has a 9-12 month target of Rs. 192 per share, an upside of 1.5% from its current market price of Rs. 189 |
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May 03, 2013
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| ACC Q1 PAT at Rs4.38bn |
| India Infoline News Service/19:07,May 03, 2013 |
| Total Income has decreased from Rs. 31101.40 mn for the quarter ended March 31, 2012 to Rs. 30580.30 mn for the quarter ended March 31, 2013.
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| Ambuja Cements Q1 net profit at Rs4879mn |
| India Infoline News Service/14:25,May 03, 2013 |
| Total Income has decreased from Rs. 27437.10 mn for the quarter ended March 31, 2012 to Rs. 27065.40 million for the quarter ended March 31, 2013.
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Apr 26, 2013
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| India Infoline Weekly Newsletter - April 26, 2013 |
| India Infoline News Service/19:00,Apr 26, 2013 |
| The Indian indices have been scaling on expectations of a rate cut at the RBI upcoming annual monetary policy review next week. Globally, major central banks are expected to ease monetary policy further. |
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Apr 23, 2013
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| Buy UltraTech Cement on all dips: IIFL Inst Eq |
| India Infoline News Service/16:30,Apr 23, 2013 |
| The brokerage advises investors to use any sharp decline in the stock as a good entry opportunity from a medium-term perspective |
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| UltraTech Cement slumps after Q4 numbers |
| India Infoline News Service/15:24,Apr 23, 2013 |
| The stock is trading at Rs. 1865.40 down by Rs. 62.15 or 3.2% on National Stock Exchange Tuesday at 3:20PM. The stock touched a high of Rs. 1931.80 and a low of Rs. 1858. Total traded volumes at the counter stood at 2.8lakh as against its five-day average of 2.62 lakh |
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