Heidelberg Cement
By SPA Research
SPA Research is bullish on Heidelberg Cement India (HCIL) and has recommended buy rating on the stock with a target price of 
54 in its February 18, 2013 research report.
HeidelbergCement India Limited (HCIL) is engaged in manufacturing of cement. The principal activity of HCIL is the manufacture of Portland cement at its four locations through Ammasandra (Karnataka), Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh) and Raigad (Maharashtra). The Company’s products include portland slag cement and portland pozzolana cement. Its core products include cement, ready mixed concrete, aggregates and related activities, is the producers of building materials worldwide. HCIL is a subsidiary of Cementrum I. B.V., which is 100% controlled by HeidelbergCement AG).
Due to the sudden increase in fuel and power cost HCIL suffered a loss of 74 mn Q4CY12. SPA research stated, "Commissioning of additional 2.9 mt capacity & new conveyor belt system will drive the profitability of HCIL going forward," as quoted by 'moneycontrol.com.
At present Heidelberg Cement is trading at 43.60. Its 52 week high value was 60.10 and its 52 week low value has been 26.50.
