3136.40
-1.65%
ICICI Securities Limited
Further pick-up in mining volumes expected in H2FY22E During the quarter, sales volume came in at a reasonable 65173 MT in Q3FY21, up 8.1% YoY led by mining segment volumes, which grew 5.4% to 43397 MT. Cement & others segment volumes came in at 21776 MT, up 14%, YoY. Mining segment is further expected to pick up as economic activities and global travel activities are expected to normalise by Q1FY22E across the world including India while non-mining segment is also seeing good traction with revival in infrastructure, utilities spends across the world. Operations...
ICICI Direct downgraded AIA Engineering Ltd. to Hold with a price target of 3630.0 on 04 Nov, 2026.
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