'How can the monument where the prime minister unfurls the flag on Independence Day, in a ceremony broadcast and telecast nationally, be maintained by a private entity?' asks Jyoti Punwani.......
However, many historians, conservationists and artists have slam move to 'entrust' Red Fort to cement company. Notwithstanding criticism over the government's decision to give Red Fort to a......
The recent price correction in broader markets has hit cement companies hard. Image used for representative purpose only. Photograph: Anindito Mukherjee/Reuters So far in the current month,......
Cement manufacturers’ show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. Image used for representative purpose only. Photograph: Jayanta......
Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. Photograph: Rupak De Chowdhuri/Reuters While UBS has......
The sector is somewhat highly valued, given that cement is a commodity. On an average, cement companies have an enterprise value/Ebitda ratio of 19-20 or higher, and current price-to-earnings ratio......
Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion......