Posts tagged All News
Bull market might be over for traders, but not for investors: Experts (03-09-2015)
Indian biz activity rises in August, but optimism fade: PMI (03-09-2015)
![Indian biz activity rises in August, but optimism fade: PMI Indian biz activity rises in August, but optimism fade: PMI](http://www.moneycontrol.com/news_image_files/2015/p/PMI_200.jpg)
Indian biz activity rises in Aug, but optimism fades: PMI (03-09-2015)
![Indian biz activity rises in Aug, but optimism fades: PMI Indian biz activity rises in Aug, but optimism fades: PMI](http://www.moneycontrol.com/news_image_files/2015/p/PMI_200.jpg)
Ambuja Cements shares gain over 4 per cent on Nomura upgrade (03-09-2015)
![Birla Corporation shares surge 15% on plans to buy cement business from Lafarge. (REUTERS)](http://images.financialexpress.com/2015/07/cement-l-reuters.jpg)
Ambuja Cements shares gained over per cent 4 per cent on the bourses on Thursday after Nomura upgraded its stocks to ‘buy’ from ‘Neutral’. (Photo: Reuters image for representation only)
Ambuja Cements shares gained over per cent 4 per cent on the bourses on Thursday after Nomura upgraded its stocks to ‘buy’ from ‘Neutral’
At 10.30 am, the stocks of the company were trading 4.32 per cent up at Rs 219.55. On NSE Nifty, the shares were trading 4.72 per cent up at Rs 219.80. Sensex was up 242.60 points at 25,696.16 during the same time.
While upgrading the stock, Nomura said current valuations of the company are reasonable in context of net cash balance sheet and strong franchise. It added company would be key beneficiary of pick up in non-south regions of India
Ambuja Cements reported 45 per cent fall in its standalone net profit at Rs 226.4 crore for the second quarter ended June, 2015.
The cement maker, in which Swiss building material major Holcim has a majority stake, had posted a net profit of Rs 408.7 crore in the year-ago period, it said in a BSE filing.
With agency inputs
Top mutual fund news of the day- September 3, 2015 (03-09-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-07/02/full/1435836529-9248.jpg)
Omkar Speciality Chemcials Ltd — OSCL (03-09-2015)
one concern I have is inordinate amount of debt - Rs. 175 Cr. in total as per AR - the company can barely service its interest on the loan with the present cash flows - interest cover is barely 1.5. In such a turbulent global environment, having 150 days receivables with forex volatility and such debt and pledged shares amplifies the risks
I really like the path the company is taking but at CMP, I think a slight dip in sales can be catastrophic and can induce pledged share selling.
Request you to think over it.
Moving towards marginal cost of funding: IndusInd Bk (03-09-2015)
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