Overall cement volume during the quarter, including exports, stood at 2.7 million tonnes. Photo: Priyanka Parashar/MintThe India Cements Ltd stock trades at a discount to peers and this gap in valuations is likely to remain (see Chart 1). However, the aforementioned issues are not unique to India Cements. According to analysts, though India Cements aimed to aggressively cut debt, one has not seen a consistent downward trend in its long-term borrowings. Meanwhile, the India Cements stock surged 3.57% intraday on BSE reacting to the earnings, but the rally fizzled out and it ended Thursday’s session in the red.

Source: Mint November 10, 2017 02:15 UTC