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India Cements rating: Maintain ‘reduce’ with target price of Rs 75 https://ift.tt/eA8V8J

Due to COVID-19 impact, cement volumes plunged 21% YoY (down 11% for FY20). We estimate volumes to dip another 7% in FY21 before recovering 19% in FY22.

from The Financial Express https://ift.tt/2CLRbad
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