India Cements - CMP Rs 218 Mcap - Rs 6768Crs. CMP/BV – 1.19. Mcap/Sales – 1.38 Institutional Investor’s (FII & DII) Stake – 21.11%. One of the prominent and big renowned investor of the market holds around 21% stake in the company.
On the fundamental front, company is using CSK’s brand value to launch two new products- Conkrete Super King (for concrete application) and Halo Super King (for manufacturing hollow blocks). These new products will be sold at a premium of Rs 25 higher than the price of normal cement bag. Conkrete Super King (CSK) has been designed to deal with issues faced by the people such as cracks in structures, seepage and leakage, and ensure long-term stability and strength. Halo Super King (HSK) cement, which will target institutional buyers, is exclusively designed for pre-cast hollow block applications. HSK will enable the quick setting, enhanced structural strength and stability. According to estimates, the hollow blocks market in Tamil Nadu is estimated at 1.5 lakh tones and half of the same is served by the unorganized segment.
Best Stock in Cement Sector Technically as most Stocks have come down substantially more thier respective highs, but India Cements is consolidating after breaking 2018 highs. Once Correction in this sector is over (related to crude price as it is raw material for cement), can outperform the whole cement sector. 1st Target (around Rs305) can give 40-50% returns.
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