Page 12 - Ambuja Cement

Market Ahead, April 27: Top factors that could guide markets this week

According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later

Ambuja Cement to start production from April 20, seeks approval from govt

On March 23, Ambuja Cements temporarily suspended its operations at various locations, in compliance with the direction issued by the government in view of the pandemic

Cement players with focus on North and Central India remain better placed

Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent.

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

ACC's numbers revive hopes for cement stocks amid subdued July-Sept quarter

Profitability, declining costs are positives, but demand revival key for any upside

ACC, Ambuja and Shree Cement likely to see volume decline of 4-13%

Having witnessed a strong demand environment during H2FY18 till FY19, domestic cement firms are likely to report subdued sales volume in Q1FY20

Ambuja looks to expand cement capacities with buys in RMCs, aggregates

Analysts see the move as an attempt to move towards being a building materials company and not a pure cement maker

Ambuja Cement scouts for buys in ready-mix concrete to fuel growth

Analysts see the move as an attempt to move towards being a building materials company and not a pure cement maker

Market share shrinks for ACC, Ambuja

Both companies have been shying away from infrastructure contracts, where demand is growing

Ambuja Cements shares fall 4%, ACC tumble 2% as merger plan put on hold

While details on material swap are awaited, brand and marketing synergies as well as re-rating of the two stocks will be delayed