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Ultratech Cement s stock fell over 1% to Rs 9,906 despite highest-ever net profit in Q4. BofA recommends buying at Rs 10,000 target, Nuvama suggests hold at Rs 9,121 target, and Sharekhan suggests buys at Rs 11,300 target. Q4 profit of Rs 1,777 crore is 68% higher YoY, while revenue rose 8% YoY to Rs 16,740 crore. ....
However, since the beginning of this month, end-user industries have started showing signs of pick-up in demand, which is expected to sustain going ahead, says Ronald Siyoni, Associate Vice president at Sharekhan by BNP Paribas. ....
So yes, the acquisition is good and if the companies go for inorganic expansion that would be better for the industry compared to the organic ones because they would only increase the gas supply. But consolidation in the industry would overall benefit the entire cement sector as a whole. ....
Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players growth outlook.
Analysts warn that the emergence of tech-based startups could weigh on organised players profit-pool, and can potentially erode their market share.
Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology. ....