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Summary	Date	Stock	Broker	Price at Reco.	Target	Price at reco Change since reco(%)	Upside(%)	Type	Report	Discuss
	2018-08-14	India Cements Capita..	ICICI Securities Limited	4.87		4.87 (-16.63%)		Buy		Broker Report India Cement ICICI Securities Limited ICICI Securities Ltd \| Retail Equity Research India Cements (ICL) reported mixed Q1FY19 results. Revenues increased 5.5% YoY to \| 1,360.7 crore (vs. I-direct estimate: \| 1,377 crore). Growth was mainly driven by sales volumes, which were up 15.8% YoY to 3.08MT. ICL achieved capacity utilisation of ~80%, which is far better given the south region has excess capacity However, the pricing environment remained weak due to low demand from retail and non-institutional segment. Also, costs like power (up... Share Share on Share on Share on Share on Like Comment