Maintain Buy on India Cements - BRICS Research

India Cements (CMP Rs70, BUY)

Prices, volumes, costs better than expected

- Cement volumes could impress due to a lower base

- Prices unexpectedly stable down south despite rains

- Revised FY12 EPS up by 12%, FY13 by 7%

- Raised target price by 13% on rollover to FY13: Maintain Buy.

The stock closed the day at Rs.69.45, down by Rs.0.45 or 0.64%. The stock hit an intraday high of Rs.72 and low of Rs.69.

The total traded quantity was 0.38 lakhs compared to 2 week average of 1.67 lakhs.

Source : Equity Bulls

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