ACC, Ambuja Cement, Grasim: Trading strategies for cement stocks

Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.

Cement shares have been in focus lately following reports of the world's largest cement maker, Holcim Group, looking to exit investments in India after 17 years of its entry by selling holdings in ACC and Ambuja Cement. READ MORE

Reportedly, Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim's Indian cement operations.

Meanwhile, ACC on Tuesday reported a 29.5 per cent YoY decline in consolidated net profit at Rs 396.33 crore for the first quarter ended March 2022, mainly due to the rise in fuel