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Recommendation Date : 21-Jun-2010 Last Update Date : NA
Ceramics/Marble/Granite/Sanitary ware :

Few of these companies had tied up with companies in China for the low cost manufacturing advantage offered by that region. The biggest concern however is the Dubai debacle which has cast a shadow on the demand for such products. Demand from the Indian market however remains on a modest level and this will keep profitability of these companies going. We have a neutral outlook on these companies. Within the many listed players, Kajaria Ceramics looks good to us.

 
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