ACC, Ambuja Cements, India Cements and Shree Cement from the cement sector hit their respective 52-week lows.
UltraTech Cement, Dalmia Bharat, JK Cement and India Cements were down between 1 per cent and 3 per cent in Friday's intra-day deals.
At 12:07 PM on Wednesday, the Nifty Cement index was up 1.3 per cent at 15,057.10, compared to a 0.24 per cent decline in the NSE benchmark Nifty 50.
Revenue fell 8.2 per cent and Ebitda declined 41.3 per cent as planned maintenance, higher MSA with Ambuja Cements and lower sales weighed on quarterly performance
Dividend stocks: ACC, Adani Ports, Ambuja Cements, Canara Bank, Tata Steel, Tata Motors, Trent, and Voltas are among the stocks likely to remain in focus today
Technical picks: Jatin Gedia of Teji Mandi Investment Technologies suggests buying ACC, GMR Airports, South Indian Bank; here's why
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
ACC Ltd, an Adani Group cement firm, on Thursday reported a 68.27 per cent decline in its consolidated net profit to Rs 238.3 crore for the March quarter of FY2025-26 compared to the year-ago period. The company had posted a profit of Rs 751.04 crore in the January-March quarter a year ago, according to a regulatory filing from ACC, a subsidiary of Ambuja Cement. Its revenue from operations was Rs 7,124.47 crore, up 17.96 per cent in the March quarter, which is the "highestever quarterly revenue", said its earnings statement. It was at Rs 6,039.70 crore in the corresponding period a year ago. This was "driven by higher premium product mix. Share of premium cement went up from 41 per cent to 45 per cent" as a percentage of trade sales. Total expenses of ACC were at Rs 6,826.24 crore in the March quarter, up 22.7 per cent. ACC's revenue from the cement business was Rs 6,656.53 crore, up 16 per cent. During the March quarter, ACC sales volume was 11.9 million tonnes (MT) -- the "hig