Madras Cements: MC IN, Mkt Cap USD0.7b, CMP INR175, Buy

30 Jul 09:44 AM            

- Madras Cement (MC) posted lower-than-estimated numbers in 1QFY14. Volumes grew by 2.6% YoY (flat QoQ) to 2.21mt (v/s est. 2.12mt), driven by growth in West Bengal, despite a 4% decline in core markets of Tamil Nadu/Kerala. Cement realizations decli

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