ITD Cementation India Long Term Investment Idea💡

Introduction

ITD Cementation India Ltd. engages in the construction of a wide variety of structures. Its areas of operations include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialized engineering work.

Observation

As we can see stock breakout its channel with huge trade volume, Open marabuzo and RSI. stock post all time high profit and sales. trade above all the EMA

Let's touch fundamentals

  • ROCE -27.1 %
  • ROC -19.8 %
  • Debt - 0.60
  • PE - 34
  • Promoter Holding 47%
  • Public holding 31%

Technical Analysis & indicators 🔍

  • Day Chart
  • Channel Breakout

News of the day

1. Stocks of paint and tyre players tumbled as crude oil prices reversed their decline, jumping up over four percent on geopolitical tensions in the Middle East.Iran’s recent ballistic missile strike on Israel have fuelled fears of a broader regional conflict across the Middle East, sending crude oil prices up by as much as 4 per cent overnight due to concerns over supply disruptions.Crude oil prices affect the decorative paint business more than any other because it is a raw material-intensive industry. The manufacture of paint requires more than 300 items, most being petroleum-based. Raw material accounts for 55-60 percent of input costs and directly impacts gross margins. 

Brent crude is also a major source of synthetic rubber and other petrochemical products used in tyre manufacturing. As crude prices rise, the cost of these raw materials gains, increasing production costs for tyre companies. With lower raw material costs, tyre manufacturers can enjoy improved profit margins.

At 9.50 am, Asian Paints shares were down 2.5 percent at Rs 3,196 on the NSE, while Berger Paints was down 1.7 percent and Kansai Nerolac sank over 1.2 percent.

Tyre stocks also faced a similar fate. Shares of CEAT, Apollo Tyres, Balkrishna Industries and JK Tyres fell between 1-5 percent in trade. Rising crude oil rates also increases the cost of producing items such as titanium dioxide, a key ingredient for white paint. A rise in crude prices will negatively paint manufacturers as that bumps up their input costs and gives them less leeway to generate higher margins.

2. Adani Enterprises (AEL) has merged two subsidiaries with Adani New Industries (ANIL) to strengthen its green energy ecosystem, as it gears up to ramp up capex with the much-talked about fund raise through the QIP route expected to start next week.

3. Maruti Suzuki Cara Car manufacturer recorded a rise in its total sales in September to 184,727 units against 181,343 units sold a year ago, according to a filing to the stock exchanges on Tuesday.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Thu Oct 3, 2024

GALLERY

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