'Buy' ACC Cement, 'Accumulate' Shree Cement, Ramco Cement And UltraTech Cement's Stocks Says DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Deven Choksey Research Report.ACC | Target: Rs 2,790 | Rating: Buy | Upside: 27.6%Key Q2 FY25 updates include-Commissioning of the Sindri plant, contributing 1.6 million tonnes per annum by Q4 FY25E, and Salai Banwa with a capacity of 2.4 mtpa, taking the total consolidated capacity to 40.2 mtpa, anticipated improvement in demand in H2 FY25E, driven by a post-monsoon increase in construction and housing activity. ACC volume grew to 9.3 mt, up 14.8% YoY (- 8.8% QoQ). Realization declined to Rs 4,961/ton (-9.4% YoY/-1.8% QoQ), while Ebitda/tonne declined to Rs 469/ton, down 30.8% YoY (-29.5% QoQ)..UltraTech Cement | Target: Rs 12,063 | Rating: Accumulate | Upside: 12.0%Key Q2 FY25 updates include-Commissioned 8.7 mtpa, with an additional 1.2 mtpa in October 2024, taking consolidated capacity to 156.1 mtpa, awaiting regulatory approvals for Kesoram Industries and India Cement, Current waste heat recovery system capacity of 308 MW, expected to reach 450 MW by FY27E. UltraTech Cement volume grew to 27.84 mt, up 4.3% YoY (-12.9% QoQ). Realization declined to Rs 4,901 (-8.4% YoY/ -2.9% QoQ) while Ebitda/tonne declined to Rs 725 (Rs 956 in Q2 FY24). The company has earmarked a capex of Rs 80,000 – Rs 90,000 million for FY25E..Click on the attachment to read the full report:.Enviro Infra Engineers IPO: Price Band, Financials, Risks — All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Buy' ACC Cement, 'Accumulate' Shree Cement, Ramco Cement And UltraTech Cement's Stocks Says DRChoksey

The cement sector remains gripped by falling prices, and volume remains largely stagnant YoY (excluding ACC), says DRChoksey

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'Buy' ACC Cement, 'Accumulate' Shree Cement, Ramco Cement And UltraTech Cement's Stocks Says DRChoksey

The cement sector remains gripped by falling prices, and volume remains largely stagnant YoY (excluding ACC), says DRChoksey

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