CIL raised its guidance, after strong beat in Q2Fy19 results - a) +200bps for domestic market to 10-12%; and b) 3-5% for exports from 0% earlier. We increase our EPS estimates by 5% and consequently, target price by 4% to INR 915/sh. Key highlights- (1) Demand - growth has been strong in Railways, Data Centres and Infra / construction, while real estate still remains sluggish. (2) Pricing Gross margins benetted by 150bps in 2Q & 50bps in 1H from INR depreciation, and should normalize with price resets in 2H. However, company took 3-5% price hikes domestically (67% of revenues) in order to arrest cost ination. (3) New product launches in Rail and mechanical generators helped improve market...