ITD Cementation India Ltd. News and Updates

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

Keep track of all breaking news on ITD Cementation India Ltd. from all sources in a single place.

Load latest

ITD Cementation India Ltd.

25 May 2020

502.20

-5.60%

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

ITD Cementation India Ltd. has gained 34.39% in the last 1 Year

ITD Cementation India Ltd.

22 May 2020

502.20

-5.60%

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

ITD Cementation Indi.. has an average target of 579.33 from 3 brokers.

ITD Cementation India Ltd.

20 May 2020

502.20

-5.60%

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

ITD Cementation India Ltd. is trading below all available SMAs

ITD Cementation India Ltd.

14 Feb 2020

502.20

-5.60%

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.

ITD Cementation India Ltd.'s price crossed below 100Day SMA today

ITD Cementation India Ltd.

12 Feb 2020

502.20

-5.60%

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

Buy: ITD Cementation India 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).

ITD Cementation India Ltd.'s price crossed below 100Day SMA today

ITD Cementation India Ltd.

27 Dec 2019

502.20

-5.60%

ITD Cementation locked in upper circuit on order win

Moneycontrol

There were pending buy orders of 45,014 shares, with no sellers available.

ITD Cementation Indi.. has an average target of 579.33 from 3 brokers.

ITD Cementation India Ltd.

25 Nov 2019

502.20

-5.60%

ITD Cementation India bags orders worth over 3,400 crore

Business Line

ITD Cementation India on Monday said it has bagged orders worth over 3,400 crore from various government entities. In a filing to the BSE, the compan

ITD Cementation India Ltd. is trading below all available SMAs

ITD Cementation share price locked at upper circuit on order wins

Moneycontrol | 25 Nov 2019

ITD Cementation India Ltd.

25 Nov 2019

502.20

-5.60%

TD Cementation bags projects worth Rs 3,400 cr

Economic Times

In a filing to the BSE the company said it has five LoAs from the entities concerned.

ITD Cementation India Ltd. is trading below all available SMAs

BSE to offer non-competitive bidding facility

Economic Times | 25 Nov 2019 1 more

ITD Cementation India Ltd.

18 Nov 2019

502.20

-5.60%

ITD Cementation (2QFY20): Execution pickup key for re-rating. Maintain BUY

Buy: ITD Cementation India Ltd.

Recommendation Target

HDFC Securities

ITD has sharply de-rated over last 1-yr with Metro projects seeing series of adverse news flows. We believe that Kolkata metro risk is overpriced with project execution expected to resume from mid Dec-19. BS improvements, robust inflows and large unutilized FB/NFB limits augurs well. 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. ITD delivered 2QFY20 Rev/EBIDTA/APAT beat of 11/7/16%. 1HFY20 order inflows have been robust at Rs 29bn ex Rs 20bn L1. Risk surrounding Kolkata metro seems to be overpriced with work expected to restart mid Dec-19. We maintain BUY on ITD with an increased TP of Rs 83/sh (12x Mar-21E EPS) vs. Rs 78/sh earlier.