Thanks for doing the dirty work @ravimba31.
I wanted to start a thread on NCL but I’ve been too lazy to follow.
Anyhow, I’ll add some info as I’ve understood so far.
-
NCL also sells cement in other south states viz Karnataka and Tamilnadu. These two states have shown good retail demand in last few quarters according to K Ravi (MD).
-
Secondly, q2 being monsoon season may show lower sales as well as price realizations. At least that’s what I have witnessed in my father’s cement retail business, so far.
-
q3 and q4 are generally better than q2 for domestic cement industry.
-
There are rumors(?) that AP/south cement companies won’t opt for capex in near future, by mutual understanding. Need to verify this. If this is true, we have a pretty high MoS.
-
Lastly, there have been more than one instances in last couple of months when promoters have released their pledged shares. Latest being today itself. This is a positive in my stock picking method.
Disclosure :- This is held in my portfolio as an opportunistic bet. My views may be biased. Please do your own due diligence before buying or selling this stock.
| Subscribe To Our Free Newsletter |
