Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter
Ambuja Cement Ltd, part of Swiss building material major Holcim group, on Friday reported nearly two-fold jump in consolidated net profit to Rs 1,161.16 crore in the quarter ended on June 30
In the past one month, shares of Dalmia Bharat, JK Lakshmi Cement, Ramco Cement and Ambuja Cement have rallied between 11 per cent and 19 per cent
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline
Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline
Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline
Shakti Pumps (India) on Sunday said it is planning business expansion next year as the company eyes a bigger share in the Centre's PM-KUSUM scheme of solar water pumps
Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity
Cement is among the few sectors witnessing strong demand and pricing power
Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants
The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21) given the low base and sharp recovery in the cement demand
All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E
On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
Following around 10 per cent YoY growth in volumes in Q3FY21, Motilal Oswal Securities expects the sector's volumes to grow around 20 per cent YoY in Q4FY21
NMDC announced resuming mining operations at its Donimalai iron ore mine in Karnataka
Escorts share price has witnessed a decent correction and has flattened out near 1290 levels to improve the bias
This will not impact positive sentiment in the sector, say analysts
The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour
India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said