Cemindia Projects Ltd. News and Updates

Name: Latest research reports of Cemindia Projects Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Cemindia Projects Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on Cemindia Projects Ltd. from all sources in a single place.

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Cemindia Projects Ltd.

20 Jun 2020

815.25

0.62%

Buy ITD Cementation India; target of Rs 67: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on ITD Cementation India has recommended buy rating on the stock with a target price of Rs 67 in its research report dated June 19, 2020.

Promoters have increased holdings from 46.64% to 67.46% in Jun 2025 qtr.

Cemindia Projects Ltd.

11 Jun 2020

815.25

0.62%

Special tea auctions on June 22

Business Line

Tea Board has informed auction centres that a special auction to sell the teas manufactured to mark the first International Tea Day (ITD) will be held

Cemindia Projects Ltd. is trading above all available SMAs

Cemindia Projects Ltd.

25 May 2020

815.25

0.62%

Teas worth 3.64 cr unsold at Coonoor auctions

Business Line

Even as the world was celebrating the first International Tea Day (ITD) on Thursday, teas worth 3.64 crore remained unsold at Sale 21 of the aucti

Cemindia Projects Ltd. has gained 15.13% in the last 1 Month

Cemindia Projects Ltd.

22 May 2020

815.25

0.62%

Industry campaign to promote consumption

Business Line

The need for promoting tea on the strength of its health benefits was underlined by the tea industry on the occasion of the International Tea Day (ITD

Number of FII/FPI investors increased from 171 to 178 in Jun 2025 qtr.

Cemindia Projects Ltd.

20 May 2020

815.25

0.62%

Board urges stakeholders to promote consumption

Business Line

Tea Board has urged the stakeholders in the industry to use the International Tea Day (ITD) on Thursday to promote the consumption of tea.We appeal t

Cemindia Projects Ltd. has gained 15.13% in the last 1 Month

Cemindia Projects Ltd.

14 Feb 2020

815.25

0.62%

Buy ITD Cementation; target of Rs 80: HDFC Securities

Moneycontrol

HDFC Securities is bullish on ITD Cementation has recommended buy rating on the stock with a target price of Rs 80 in its research report dated February 12, 2020.

Institutional Investors have decreased holdings from 20.09% to 10.00% in Jun 2025 qtr

Cemindia Projects Ltd.

12 Feb 2020

815.25

0.62%

ITD Cementation (3QFY20): Tailwinds in place. Maintain BUY

Buy: Cemindia Projects Ltd.

Target

HDFC Securities

ITD 3QFY20 performance was subpar as new projects worth Rs 60bn are in initial stages of mobilization. ITD is likely to deliver strong execution from 2QFY21. Debt is expected to stabilize at current levels of Rs 4.5bn. Bid pipeline is strong and dominated by high margin marine projects. ITD has bid for Rs 35bn JNPT marine project, final outcome expected by Mar-20. Stressed projects like Bengaluru Metro are nearing completion. We believe multiple tailwinds are in place. We maintain BUY. Key risks (1) High competitive intensity in marine segment with competition from L&T, (2) Sustained cost overruns in projects, and (3) BS and NWC deterioration. ITDs 3Q/9MFY20 order inflows have been robust at Rs 26/56bn ex Rs 3.5bn L1. Kolkata HC has given green signal to stuck Kolkata metro and ITD maintains no write offs in this project. We maintain BUY on ITD with TP of Rs 80/sh (12x Mar-21E EPS).