India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal
1 day, 1 hour 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 and promoter group members, as well as acquiring up to 26% of the paid-up equity share capital through an open offer. India Cements share price today India Cements share price opened at an intraday low of ₹362 apiece on the BSE, the stock touched an intraday high of ₹376.30 per share. According to Riyank Arora, Technical Analyst at Mehta Equities Ltd, India Cement share price is currently trading with major support at 360 and immediate resistance near 380.

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Explained: Why India Cements share price surged 11% today
Trending News
1 day, 5 hours 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 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 to acquire 32.72 % additional stake in India Cement for ₹3,954 crore
4 months, 3 weeks ago

UltraTech to acquire 32.72 % additional stake in India Cement for ₹3,954 crore

Hindustan Times  

Leading cement manufacturer UltraTech will acquire an additional 32.72 per cent stake in India Cements Ltd from the promoters of the South-based company for ₹3,954 crore. The board of the Aditya Birla firm on Sunday approved the proposal to acquire the promoters' 32.72 per cent stake at ₹390 per share, UltraTech said in a regulatory filing on Sunday. After the …

UltraTech enters into a pact with India Cements to buy additional 32.72% stake for ₹3,954 crore
4 months, 3 weeks ago

UltraTech enters into a pact with India Cements to buy additional 32.72% stake for ₹3,954 crore

The Hindu  

Aditya Birla group-owned UltraTech on July 28 entered into a share purchase agreement with the promoters and their associates of India Cements Ltd to purchase 10,13,91,231 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals. There will not be any change in management of the company till the completion of the acquisition, as …

Capacity Share of Top-Five Cement Players to Jump From 55 to 65 % in One Year
5 months, 2 weeks ago

Capacity Share of Top-Five Cement Players to Jump From 55 to 65 % in One Year

Deccan Chronicle  

Chennai: Owing to the heightened consolidation in the market, aggregate production capacity of top-five cement manufacturers is expected to move up from 55 per cent this fiscal to 65 per cent next year. The cement industry has seen a significant rise in inorganic expansions over the past one and half years with almost 10 deals comprising around 60 million tonnes …

Cement: Too early for the consolidation party
5 months, 3 weeks ago

Cement: Too early for the consolidation party

Live Mint  

It’s a dog-eat-dog world in the Indian cement industry. Last week, the industry bellwether UltraTech Cement Ltd announced the acquisition of 23% stake in South-based The India Cements Ltd for ₹1,900 crore. In another instance, close competitor Adani Group company Ambuja Cements Ltd announced acquisition of Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore earlier this month. “With …

UltraTech Cements to acquire 23 pc stake in India Cements
5 months, 3 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
5 months, 3 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
6 months, 1 week 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 …

Top five to corner 55 pc market share in cement sector
6 months, 1 week ago

Top five to corner 55 pc market share in cement sector

Deccan Chronicle  

Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next year. According to ICRA, the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023 from 45 per cent …

Multibagger Stock: ITD Cementation share price rises over 150% in one year. Is there more upside left?
6 months, 2 weeks ago

Multibagger Stock: ITD Cementation share price rises over 150% in one year. Is there more upside left?

Live Mint  

In only a single year, ITD Cementation share price has surged by nearly 150%, providing investors with multibagger gains. Trendlyne data shows that in just two years, the ITD Cementation India share price has increased by nearly 600%. ITD Cementation India share price surged over 8% to touch a 52-week high on Monday's session in a record-high market amid exit …

UltraTech Cement share price rises over 4% after strong Q4 results
7 months, 3 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%
7 months, 3 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 …

Why Ambuja Cements share price trading flat despite stock market crash?
8 months, 1 week ago

Why Ambuja Cements share price trading flat despite stock market crash?

Live Mint  

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low …

Chart Beat: Tough March quarter for cement companies?
10 months, 1 week ago

Chart Beat: Tough March quarter for cement companies?

Live Mint  

Pricing trends in the domestic cement industry have remained subdued for a while now. According to a recent dealers channel check by Jefferies India, there was a 1.5% decrease in the all-India average cement price to ₹362 per 50-kg bag in January. There is a risk to realization of cement companies in the March quarter, if prices remain muted in …

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

Price hikes in East to benefit select cement makers in Q2FY24
1 year, 3 months ago

Price hikes in East to benefit select cement makers in Q2FY24

Live Mint  

The September quarter tends to be seasonally weak for the cement sector as construction activities take a backseat due to the monsoon. With that, the trade price of one cement bag in the East stands at ₹404, which is a whopping 21% jump on a month-on-month basis, shows data from Nomura Financial Advisory and Securities. “Our channel checks suggest that …

ITD Cementation shares hit record on securing ₹3,290-crore marine contract
1 year, 3 months ago

ITD Cementation shares hit record on securing ₹3,290-crore marine contract

Live Mint  

ITD Cementation India share price rallied more than 14% to hit a fresh 52-week high on Friday after the company bagged an order worth ₹3,290 crore. ITD Cementation India secured a marine contract worth approximately ₹3,290 crore excluding GST, the company said in a regulatory filing on Thursday. For the quarter ended June 2023, ITD Cementation’s total operating income rose …

India Cements reports net loss of ₹75.3 crore in Q1; revenue falls 3.7%
1 year, 4 months ago

India Cements reports net loss of ₹75.3 crore in Q1; revenue falls 3.7%

Live Mint  

India Cements reported a standalone net loss of ₹75.27 crore in the first quarter of FY24 as compared to a net profit of ₹76.09 crore in the same period last year. Operating performance in the June quarter weakened as earnings before interest, taxes, depreciation and amortization decreased 83.7% to ₹5 crore from ₹30.9 crore, while EBITDA margin compressed by 170 …

UBS downgrades UltraTech Cement, Dalmia Bharat, Ambuja Cements
1 year, 5 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, 7 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 …

Ultratech Q4 profit climbs 12.7% excluding one-offs
1 year, 7 months ago

Ultratech Q4 profit climbs 12.7% excluding one-offs

Live Mint  

Ultratech Cement Ltd on Friday reported a net profit of ₹1,666 crore for the quarter ended 31 March, a 32.3% decline from ₹2,460.51 crore posted in the same period a year earlier. It commissioned a cement capacity of 5.6 mt per annum during the quarter, taking the total grey cement capacity of the company to 126.95 mtpa in India. Including …

This Adani Group stock gets ’Buy’ tag from brokerages post in-line Q3 results
1 year, 10 months ago

This Adani Group stock gets ’Buy’ tag from brokerages post in-line Q3 results

Live Mint  

Cement maker ACC Ltd's Q3 FY23 EBITDA declined 32% from the year ago quarter, with blended EBITDA/ton also declining similarly, both being broadly in line with analysts estimates. The company reported a net profit of ₹113 crore during the December 2022 quarter, down 60% year-on-year, on higher costs, flat cement prices and stagnant volume growth, whereas its revenue was up …

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal
1 year, 11 months 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 …

Ambuja Cement Shares Surge Over 3% Ahead of Adani Group's Open Offer. Know Details
2 years, 3 months ago

Ambuja Cement Shares Surge Over 3% Ahead of Adani Group's Open Offer. Know Details

News 18  

Ambuja Cements Share Price: Shares of Ambuja Cements Ltd. traded 3.39 per cent up at Rs 452.0 in Wednesday’s early trade. Adani Group’s Open Offer Adani family group’s Mauritius-based firm Endeavour Trade and Investment on August 26, 2022 launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim’s two …

Ambuja Cement Share Gains After Adani Group Wins Race To Buy Holcim Stake In Ambuja, ACC
2 years, 7 months ago

Ambuja Cement Share Gains After Adani Group Wins Race To Buy Holcim Stake In Ambuja, ACC

News 18  

Ambuja Cement shares surged 10 per cent in early trades on Monday after Adani Group acquired a controlling stake in Swiss major Holcim’s India business. Adani Group has agreed to buy Holcim’s India assets — the two publicly listed cement companies Ambuja Cements and ACC — in a $10.5-billion deal. Gautam Adani, chairman of the Adani Group, said, “Not only …

Cement margins may improve in the long run, but near-term risks aplenty
3 years, 9 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 …

Cement price hikes are welcome, but offer only near-term cushion
3 years, 9 months ago

Cement price hikes are welcome, but offer only near-term cushion

Live Mint  

Investors in cement stocks can heave a sigh of relief now that the much-awaited price increases have happened. There were concerns that input-cost inflation would start eroding the sector’s operating margins soon without price hikes. Latest dealers channel check by Motilal Oswal Financial Services Ltd showed that in March, the cement prices were raised around ₹15–30/bag across regions. Despite the …

UltraTech Cement shares gain over 5 percent on Q3 earnings boost
3 years, 10 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 …

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