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 will help enhance UltraTech’s geographic reach in southern markets such as Telangana, where UltraTech currently does not have any cement manufacturing plant, said brokerage firm Axis Securities in its latest note. Besides, UltraTech Cement acquired 0.54 mtpa cement grinding assets of Burnpur Cement Limited, located at Patratu in Jharkhand, at a consideration of ₹169.79 crore.

Company Mark Cement Ultratech Cement Kesoram Ultratech Deal Share  company  mark  40  crosses  buy  trading  demand  deal  share  cement  crore  shares  10000  kesoram  price  ultratech  brokerage

History of this topic

India Cements share price surges 11% to 52-week high on CCI nod to UltraTech deal
1 day, 12 hours 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
1 day, 16 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 …

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. …

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 …

Stocks to Watch: TCS, Infosys, M&M Ultratech Cement, LIC, HG Infra
11 months, 1 week ago

Stocks to Watch: TCS, Infosys, M&M Ultratech Cement, LIC, HG Infra

Live Mint  

Following are the top ten stocks that are likely to be in focus today: Tata Consultancy Services: The country's largest IT firm's net profit improved 2.7% sequentially in the December quarter, and by 7% from a year earlier, to $1.41 billion. Analysts at BNP Paribas expect services revenue to decline 2.5% sequentially in line with guidance and due to seasonal …

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 …

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 …

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 …

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 …

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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