Deccan Cements Ltd. News and Updates

Name: Latest research reports of Deccan Cements Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: Deccan Cements Ltd.
Rating: 5
Author: Anand Rathi

Keep track of all breaking news on Deccan Cements Ltd. from all sources in a single place.

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Deccan Cements Ltd.

09 Nov 2020

798.35

8.42%

Hot Stocks | Venky's (India), Deccan Cements can give up to 12% return in short term

Moneycontrol

This rally can be considered a healthy one because almost all sectors have contributed to it and financial space has dominated it along with the late participation from the broader market.

Deccan Cements Ltd.'s price crossed above 30Day SMA today

Deccan Cements Ltd.

20 Aug 2020

798.35

8.42%

Buy Deccan Cements; target of Rs 458: Anand Rathi

Moneycontrol

Anand Rathi is bullish on Deccan Cements has recommended buy rating on the stock with a target price of Rs 458 in its research report dated August 17, 2020.

Deccan Cements Ltd.'s price crossed above 100Day SMA today

Deccan Cements Ltd.

20 Aug 2020

798.35

8.42%

Deccan Cements

Buy: Deccan Cements Ltd.

Anand Rathi

Good operating show; WHRS to aid savings; retaining a Buy Amid the tough business environment, Deccan Cements reported an enhanced operating performance, beating our estimates, aided by price hikes and cost savings, though the volume decline was in line with the industry. On the commencement of the 6MW WHRS, savings in fuel costs are expected to aid its operating performance. The GU expansion is currently on hold. We believe it strong net cash balance sheet and current short term profitability augurs well. We retain our Buy...

Deccan Cements Ltd. has gained 28.32% in the last 6 Months

Deccan Cements Ltd.

26 Jun 2020

798.35

8.42%

Buy Deccan Cements; target of Rs 370: HDFC Securities

Moneycontrol

HDFC Securities is bullish on Deccan Cements has recommended buy rating on the stock with a target price of Rs 370 in its research report dated June 26, 2020.

Deccan Cements Ltd.'s price crossed above 30Day SMA today

Deccan Cements Ltd.

14 Feb 2020

798.35

8.42%

Deccan Cement (3QFY20): Short term pain on weak demand. Maintain BUY

Buy: Deccan Cements Ltd.

Target

HDFC Securities

Despite near term weakness, we continue to like DCL for its strong focus on remunerative pricing and cost reduction measures. We expect demand revival in FY21E to further aid earnings recovery. Thus, we value the co at 5.7x Sep'21E EBITDA (in-line its 5-yr mean multiple). Maintain BUY with TP Rs 500/share (implies EV of USD 47/MT). DCL currently trades at an extremely low val of 2.7/3.3x FY21/22E EBITDA and EV of USD 25/MT. We maintain BUY with TP Rs 500 (5.7x its Sep21E EBITDA). In 3QFY20, DCL posted weak results (in-line EBITDA), hit by sharp demand contraction in AP/T markets (short term pain in our view).

Deccan Cements Ltd. is trading at high volume of 324.6K with price gain of 8.42.

Deccan Cements Ltd.

28 Nov 2019

798.35

8.42%

26 stocks hit 52-week lows on NSE

Economic Times

Among the stocks that touched their 52-week lows were Deccan Cements and Dollar Industries.

Deccan Cements Ltd. average weekly volume is high.

Deccan Cements Ltd.

27 Nov 2019

798.35

8.42%

Deccan Cement

Sell: Deccan Cements Ltd.

ICICI Securities Limited

Currently, the demand scenario in Andhra Pradesh is sluggish due to cancellation of several projects by the newly elected government. This, combined with sand availability and monsoon seasonality, led to a slump in construction activities in the state. Lower cement offtake in the first half of FY20 is attributable to these reasons. Demand recovery in the region is expected from late FY20 or FY21 once the cancelled projects are reallocated. With Deccan Cements having major exposure to the state, the current scenario would act as headwind for growth in the near term....

Deccan Cements Ltd.'s price crossed above 100Day SMA today

Deccan Cements Ltd.

22 Nov 2019, 10:32AM

798.35

8.42%

41 stocks hit 52-week lows on NSE

Economic Times

Among the stocks that touched their 52-week lows were Bodal Chemicals and Deccan Cements.

Deccan Cements Ltd.'s price crossed above 100Day SMA today

Deccan Cements Ltd.

19 Nov 2019

798.35

8.42%

Deccan Cements Limited (322): Sell

Business Line

The stock of Deccan Cements attempted to reverse the long-term bear trend during the first half of the current year. But the stock topped out at 480

Deccan Cements Ltd. has gained 28.32% in the last 6 Months

Deccan Cements Ltd.

13 Nov 2019

798.35

8.42%

Deccan Cement (2QFY20): Demand contraction pangs. Maintain BUY

Buy: Deccan Cements Ltd.

Target

HDFC Securities

Despite a weak 2Q results, we like DCL for its strong margin focus and increasing cost reduction measures. We expect demand recovery in 2H to boost profitability and internal accruals for growth capex. We maintain BUY with TP Rs 610/share (6x Sep'21E EBITDA and 50% value to its FY22E CWIP). Our TP implies EV of USD 56/MT. The stock currently trades at 4.0/4.7x FY21/22E EBITDA and EV of USD 41/MT. We maintain BUY with TP Rs 610 (6x Sep21E EBITDA and 50% val to FY22E CWIP). Our TP implies EV of USD 56/MT.

Deccan Cements Ltd.'s price crossed above 50Day SMA today

Is Deccan Cements Ltd. worth buying?

68 Votes:

Buy 79.41%

Sell 13.24%

Hold 7.35%

45.21% Gain from 52W Low

High volume+gain today

Deccan Cements Ltd. News and Updates

Keep track of all breaking news on Deccan Cements Ltd. from all sources in a single place.