Sharekhan's research report on UltraTech CementPan-India cement prices have fallen 3.1% q-o-q in Q3FY2020 (till date), although they are up 5.8% y-o-y as against -1.3% to +2.4% price variations seen in Q3 of the past five years. Sales volumes may get hit in Q3FY2020 due to weak government infrastructure spend, state elections, uncertainties arising due to change of state government and construction ban in Delhi-NCR. Higher cement prices and declining costs of key inputs costs to lend support in the wake of weak demand for Q3FY2020.OutlookWe reiterate our Buy rating on UltraTech with an unchanged PT of Rs. 5,000, as we view recent correction in stock price owing to demand headwinds as an opportunity to invest, with structural growth triggers staying intact.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its … [Read more...] about Buy UltraTech Cement target of Rs 5000: Sharekhan
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Raghav Pandey and Aditi SeethaThe Personal Data Protection Bill, 2019, recently approved by the Cabinet, paves the way for the long-felt need to protect privacy rights of an individual. The law, prima facie, strictly deals with issues of personal data and places stringent restrictions on “data fiduciary” and also imposes strict sanctions against violations. However, a lenient approach has been taken when it comes to the use of the data by the government.The wide exemptions provided under the Bill raise serious questions about the government’s access to individual’s data in the name of “interest of sovereignty and integrity of India, the security of the state, friendly relations with foreign States, public order” etc.Close The most debatable and questionable step is the forced collection of “any personal data anonymised or other non-personal data” from any data fiduciary or data processor incorporated under Section 91. This attempt of … [Read more...] about Personal Data Protection Bill, 2019 | Control over non-personal data a risky proposition
Will it be ‘third time lucky’ for Richard Branson in Mumbai? The founder of British airline Virgin Atlantic surely hopes so. In October, the carrier for the third time in its 20-year history in India, launched services between Mumbai and London.Virgin Atlantic first pulled back from Mumbai in 2008. Four years later, it relaunched with much fanfare only to pull back in 2015. All the while, Virgin Atlantic continued with its Delhi-London flights. The British capital is the busiest long haul destination from India. While giving out hope that there won't be a fourth time, Branson underlined that it was an opportune time for his airline to come back to Mumbai. His colleague Juha Jarvinen, EVP, Commercial, explained: "In the last five years, the market in Mumbai has grown by 25 percent. And, despite Virgin Atlantic launching services, the capacity in the Mumbai-London route is still down 35-40 percent (compared to 2018)." The opportunity has come up after Jet Airways, which … [Read more...] about Mumbai calling for Virgin Atlantic: Will it be ‘third time lucky’ for Richard Branson?