CEMENT PRICES
UltraTech's India Cements stake buy a win-win for both. Here's what analyst said on industry consolidation
UltraTech Cement's Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group's acquisitive spree is intensifying competition between the two players.
Buy UltraTech Cement, target price Rs 13300: Motilal Oswal
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 333394.52 Crore) operating in Cement sector.
Shares of India Cements rally over 30% in one week as UltraTech deal impresses investors
India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.
Shree Cements shares up 0.16% as Sensex rises
A total of 392 shares changed hands on the counter till 11:37AM (IST)
Ambuja Cements shares rise 0.96 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 57.59 on Friday.
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Radhakishan Damani sells 6.91 crore shares of India Cements to UltraTech for Rs 1,914 crore in block deal
The sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 175.71 points up at 24044.5
UltraTech to buy 23% stake in India Cements for Rs 1,885 crore
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.
Ambuja Cements shares gain 1.46% as Sensex rises
A total of 195,791 shares changed hands on the counter till 10:25AM (IST)
Shree Cements shares gain 1.58% as Sensex rises
On the technical charts, the RSI of the stock stood at 67.42.
Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
Ambuja Cements, Ravi Sanghi to offload 3.52 pc stake in Sanghi Industries
Ambuja Cements and Ravi Sanghi plan to sell a 3.52% stake in Sanghi Industries through an OFS. The sale will occur over two days on June 26 and June 27, 2024. Adani group firm Ambuja Cement acquired a majority stake in Sanghi Industries last year, with shares peaking at Rs 151.85 on January 15, 2024.
Ambuja Cements shares gain 2.19% as Sensex rises
The stock quoted a 52-week high of Rs 690.0 and a 52-week low of Rs 404.0.
Shree Cements shares gain 2.45% as Sensex falls
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
Shares of Ambuja Cements fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 536.48.
Shree Cements shares up 0.27% as Nifty gains
A total of 69 shares changed hands on the counter till time (IST).
Shree Cements shares 0.0 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 63.37 on Monday.
Buy JK Lakshmi Cement, target price Rs 915: Axis Securities
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9771.32 Crore) operating in Cement sector.
Shares of Ambuja Cements fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 534.33.
Shree Cements stock price up 0.38 per cent as Sensex climbs
As of 31-Mar-2024, promoters held 62.55 per cent stake in the company, while FIIs held 12.48 per cent and domestic institutional investors had 7.55 per cent.
Accumulate Ambuja Cements, target price Rs 697: Prabhudas Lilladher
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 164241.07 Crore) operating in Cement sector.
Ambuja Cements shares down 1.02% as Nifty falls
The stock quoted a 52-week high price of Rs 690.0 and low of Rs 404.0.
Shree Cements declines 0.06% as Sensex slides
The stock traded at a P/E multiple of 41.34, while the price-to-book value ratio stood at 4.48.
Shares of Shree Cements fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 26279.2.
Ambuja Cement shares surge 4% after acquiring Penna Cement
Shares of Ambuja Cements, owned by the Adani Group, surged by 4% to reach a new all-time high of Rs 690 in early Friday trading on the BSE. This spike came after the company disclosed its acquisition of a 100% stake in Penna Cement (PCIL).
Ambuja Cements to acquire 100% stake in Penna Cement for Rs 10,422 crore
The acquisition will be fully funded through internal accruals, the filing said. The move is expected to boost Ambuja Cements' growth, said Ajay Kapur, CEO & Whole Time Director. The consolidated turnover of PCIL for the last three years i.e. FY2023-24, FY2022-23 and FY2021-22 is Rs 1241 crore, Rs 2002 crore and Rs 3204 crore, respectively.
JSW Cement to invest Rs 3,000 cr to set up manufacturing facility in Nagaur, Rajasthan
JSW Cement plans to invest around Rs 3,000 crore to establish a cement manufacturing facility in the Nagaur district of Rajasthan. The greenfield facility will include a clinkerization unit and a grinding unit, with an 18 MW waste heat recovery-based power generation system. The investment is expected to create over 1,000 job opportunities and includes a 7-km overland belt conveyor for transporting limestone from mines to the plant.
Cement companies set to hike prices from April onwards
Cement prices set to rise despite demand slowdown before elections. Analysts warn of margin contraction. Price hikes vary by region, with southern India experiencing substantial increases.
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