Star Cement share price rises 48% as UltraTech announces picking up stake. Inches close to 1 year high
2 weeks, 5 days ago

Star Cement share price rises 48% as UltraTech announces picking up stake. Inches close to 1 year high

Live Mint  

Stock Market Today: Star Cement share price gained up to 8% in morning trades on Friday as UltraTech announced buying a stake in the company. Ultratech Cement in its release on the exchanges on 27 December announced that its Board of directors has approved buying stakes in Star Cement As per the release by UltraTech, the Board of Directors of the Company at its meeting held today considered the proposal and approved making an investment to acquire non-controlling minority stake upto 3.70 crores equity shares of Star Cement at a price not exceeding Rs. As per the release by UltraTech, the company has completed acquisition of 10,13,91,231 equity shares representing 32.72% of the equity share capital of The India Cements Limited. This, together with the existing shareholding of 7,05,64,656 equity shares of the equity share capital of ICEM, has resulted in the Company’s shareholding increasing to 17,19,55,887 equity shares representing 55.49% of The India Cements Limited equity share capital, Consequently, India Cements Limited has become a subsidiary of UltraTech Cement with effect from 24th December, 2024.

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History of this topic

India Cements shares surge 8 pc
Trending News
3 weeks, 2 days ago

India Cements shares surge 8 pc

Live Mint  

New Delhi, Shares of India Cements ended 8 per cent higher on Monday after the Competition Commission of India cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement's proposal to acquire a majority stake in the firm. "The proposed combination envisages UltraTech Cement Ltd's acquisition of 32.72 per cent of the paid-up equity share capital of India Cements Ltd from the promoters …

India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal
Top News
3 weeks, 2 days ago

India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal

Live Mint  

India Cements share price jumped 11% to reach a new 52-week peak during Monday's trading session after the announcement that the Competition Commission of India has sanctioned UltraTech Cement Limited's acquisition of The India Cements Limited. The proposed arrangement involves UltraTech Cement Limited purchasing 32.72 percent of the paid-up equity share capital of The India Cements Limited from its promoters …

Explained: Why India Cements share price surged 11% today
Trending News
3 weeks, 2 days ago

Explained: Why India Cements share price surged 11% today

India Today  

Shares of India Cements Ltd surged 11% on Monday following news of UltraTech Cement receiving approval from the Competition Commission of India to acquire a majority stake in the company. UltraTech Cement plans to acquire 10,13,91,231 equity shares of India Cements, each valued at Rs 10. The acquisition deal was first announced on July 28, 2024, with UltraTech Cement revealing …

UltraTech Cement's Q2 profit soars to ₹825 crore, but revenue and sales decline
2 months, 3 weeks ago

UltraTech Cement's Q2 profit soars to ₹825 crore, but revenue and sales decline

The Hindu  

UltraTech Cement reports a consolidated net profit of ₹825 crore for the September quarter 2024-25. The company's revenue from operations was at ₹15,634.73 crore, while its total expenses were at ₹14,837.44 crore. Despite the decline in sales volume, UltraTech achieved a 68% capacity utilisation rate.

UltraTech Cements to acquire 23 pc stake in India Cements
6 months, 2 weeks ago

UltraTech Cements to acquire 23 pc stake in India Cements

Deccan Chronicle  

UltraTech Cements, owned by Aditya Birla Group, announced its plans to acquire a 23 per cent stake in Chennai-based India Cements, raising speculations over a hostile takeover. However, as per market sources, the shares have been mostly bought from D-Mart founder Radhakishan Damani and his associated entities, who held a 20.78 per cent stake in India Cements. ELM Park Fund …

Birla's UltraTech buys stake in India Cements to compete with Adani Group, especially in South India
6 months, 2 weeks ago

Birla's UltraTech buys stake in India Cements to compete with Adani Group, especially in South India

Hindustan Times  

Kumar Mangalam Birla’s UltraTech Cement is acquiring a 23% stake in Chennai-based India Cements to counter the Adani Group’s buying spree, as the battle to dominate India’s cement sector, particularly in South India, intensifies. UltraTech Cement, India's largest cement maker, will pay ₹267 a share to purchase 7.06 crore shares of India Cements, adding up to a ₹1,885 crore deal. …

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock
7 months ago

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock

Hindustan Times  

Ambuja Cements share price rose more than 3% to hit a 52-week high in early trade today. Emkay Global Financial Services maintained its preference for Ambuja Cements and retained its ‘Buy’ call for Ambuja Cements shares and March 2025 target price at ₹700 per share. Antique Stock Broking maintained a ‘Buy’ rating with Ambuja Cements share price target of ₹700 …

UltraTech Cement share price rises over 4% after strong Q4 results
8 months, 2 weeks ago

UltraTech Cement share price rises over 4% after strong Q4 results

Hindustan Times  

UltraTech Cement share price: The share price of UltraTech Cement gained over 2% today after the Aditya Birla Group’s flagship cement maker reported Q4 results. UltraTech Cement- which is India's largest cement maker by capacity- topped fourth-quarter profit estimates owing to strong sales volumes. Company's finance chief Atul Daga said, “There might be some moderation in cement demand in FY25, …

UltraTech Cement Q4 Results: Net Profit Jumps 35% to Rs 2,258.6 Crore, Revenue Rose 9.4%
8 months, 2 weeks ago

UltraTech Cement Q4 Results: Net Profit Jumps 35% to Rs 2,258.6 Crore, Revenue Rose 9.4%

News 18  

UltraTech Cement Ltd on Monday reported a 35.24 per cent jump in its consolidated net profit to Rs 2,258.58 crore for the March 2024 quarter. Its revenue from operations during January-March 2024 rose 9.41 per cent to Rs 20,418.94 crore, compared with Rs 18,662.38 crore a year ago. UltraTech Cement had posted a consolidated net profit of Rs 1,670.10 crore …

Ultratech Cement's market cap now ₹3 lakh crore, is India's 20th biggest firm
1 year ago

Ultratech Cement's market cap now ₹3 lakh crore, is India's 20th biggest firm

Hindustan Times  

Ultratech Cement on Wednesday witnessed a 4 per cent jump in its shares, this on a day when the Sensex crossed the 72,000 mark for the first time and National Stock Exchange index hit an all-time high of 21,654.75. Ultratech Cement was the biggest gainer of the day, followed by giants like JSW Steel, Tata Motors, Bharti Airtel, State Bank …

UltraTech Cement share price crosses ₹10,000 mark, up 40% this year; should you buy?
1 year, 1 month ago

UltraTech Cement share price crosses ₹10,000 mark, up 40% this year; should you buy?

Live Mint  

In today's trading session, UltraTech Cement, a flagship company of the Aditya Birla Group, achieved a historic milestone as its shares surged beyond the ₹10,000 mark for the first time. Meanwhile, UltraTech Cement is set to acquire the cement business of BK Birla Group's flagship company, Kesoram Industries, in an all-share deal valued at approximately ₹7,600 crore, including debt. It …

UBS downgrades UltraTech Cement, Dalmia Bharat, Ambuja Cements
1 year, 6 months ago

UBS downgrades UltraTech Cement, Dalmia Bharat, Ambuja Cements

Live Mint  

Cement stocks such as Ultratech Cement, ACC, Ambuja Cement and Dalmia Bharat declined on Wednesday after foreign brokerage firm UBS assumed coverage of India’s cement sector with a negative outlook. UBS has a ‘Buy’ rating on ACC, while it downgraded Ultratech Cement to Neutral and Dalmia Bharat and Ambuja Cement to ‘Sell’. The brokerage house has a target price of …

How to play cement stocks post ACC, Ambuja Cements, UltraTech Cement earnings?
1 year, 8 months ago

How to play cement stocks post ACC, Ambuja Cements, UltraTech Cement earnings?

Live Mint  

Cement manufacturers ACC, Ambuja Cements and UltraTech Cement reported mixed sets of numbers for the recent January-March quarter with a decent rise in volume amid easing cost pressure. Ambuja Cements Q1CY23 numbers Ambuja Cements reported a 1.6 per cent rise in net profit at ₹502.4 crore for the March quarter as compared to ₹494.4 crore in the corresponding quarter last …

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal
2 years ago

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal

Live Mint  

Cement manufacturing companies are expected to do well for next few years on the back of better demand prospects led by infrastructure and housing sectors, heightened industry consolidation, and regulatory changes in the allotment of limestone blocks. Average price of a cement 50kg bag has gone up 3% on a quarter-on-quarter basis in the third quarter of FY23, Motilal Oswal …

Cement margins may improve in the long run, but near-term risks aplenty
3 years, 10 months ago

Cement margins may improve in the long run, but near-term risks aplenty

Live Mint  

MUMBAI: Foreign brokerage house Morgan Stanley expects a broad-based recovery in the Indian cement sector and estimates an above-average demand growth of 9% annually over fiscal years 2021-23. Hit hard by cost inflation, cement makers took a much-needed hike of around Rs50/bag in March, according to dealer channel checks by various brokerages. Reacting to the brokerage firm's upbeat outlook, shares …

UltraTech Cement shares gain over 5 percent on Q3 earnings boost
3 years, 11 months ago

UltraTech Cement shares gain over 5 percent on Q3 earnings boost

India TV News  

Shares of UltraTech Cement on Monday gained over 5 per cent after the company more than doubled its consolidated net profit in the October-December quarter of FY2021. Aditya Birla group firm UltraTech Cement on Saturday reported over two-fold jump in consolidated net profit at Rs 1,584.58 crore in the December quarter. The leading cement producer had posted a net profit …

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr
4 years, 7 months ago

UltraTech Cement Q4 net profit at Rs 3,239 cr on gains from reversal of income tax; net sales down 13% to Rs 10,745 cr

Firstpost  

Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal of the Income Tax New Delhi: Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 3,239.39 crore for March quarter 2019-20, helped by gains from the reversal …

UltraTech: Beat on margins fails to excite as volumes disappoint
5 years, 5 months ago

UltraTech: Beat on margins fails to excite as volumes disappoint

Live Mint  

Mumbai: The key positive highlight of UltraTech Cement Ltd’s June quarter earnings is the sharp improvement in operating margin. “Cement realisation/tonne witnessed sharp uptick by 13.5% YoY and 12% QoQ at ₹5,037,” said analysts from Reliance Securities Ltd. Softening input costs also supported operating performance. In its investor presentation, UltraTech Cement indicated that the cement industry’s volumes declined by 3-4% …

Cement prices correct further in July as seasonal demand weakness intensifies
5 years, 5 months ago

Cement prices correct further in July as seasonal demand weakness intensifies

Live Mint  

As anticipated, cement prices across India corrected further in July as demand remained subdued due to off-season. Cement dealers survey by Reliance Securities Ltd showed that all India average cement price declined by nearly ₹10-12/bag month-on-month in July to ₹314 from ₹325. Cement dealers channel check by another brokerage JM Financial Institutional Securities Ltd showed similar price trends. Better realisations …

UltraTech Q4 results beat ACC’s hands down, but so do valuations
5 years, 8 months ago

UltraTech Q4 results beat ACC’s hands down, but so do valuations

Live Mint  

Mumbai: Ahead of its Q4 results announcement on Wednesday, the UltraTech Cement Ltd stock was in the red. Unlike ACC, UltraTech’s operating margins improved by more than 100 basis points year-on-year to 21%. UltraTech said it saw complete benefits of the revised axle load norms in the March quarter, which helped lower freight costs. Meanwhile, improved performance of acquired assets …

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