Cement
Buoyancy continues
The cement majors have reported buoyant dispatch numbers for the month of November 2006. Cumulatively these majors have reported a strong 8.8% year-on-year (y-o-y) growth in the cement dispatches to 53 lakh tonne. The AV Birla group (which includes Grasim Industries and UltraTech) recorded a y-o-y growth of 12.7% to 24.7 lakh tonne whereas Gujarat Ambuja recorded a smart 9.5% y-o-y growth to 13.11 lakh tonne. ACC's growth remained subdued at 2.7% at 15.2 lakh tonne which could probably be attributed to the heavy monsoons in the south where it has significant exposure. Year-till-date (ytd), all the three majors have approximately reported a growth of 8.8% yoy.
Automobiles
A power-packed performance by ALL
Ashok Leyland's November sales are ahead of our expectations. The company reported an overall growth of 64% year on year (yoy) as its vehicle sales jumped to 6,923 units in the month. Its domestic sales grew by 59% while its exports rose by a whopping 179%