Including the tax cuts, average pan-India cement prices dropped 6 per cent on-year in the reported quarter, data from brokerage Ambit Capital showed
Avanti Feeds is showing a strong bullish setup on the daily chart, with price sustaining above its 20, 50, 100 and 200-day EMAs, confirming a medium- to long-term trend reversal in favour of bulls.
ICICI Securities has reinitiated coverage on India Cements, a major Indian cement manufacturer, with a 'Hold' rating, citing improving operational fundamentals under UltraTech Cement
The price-to-moving averages hints at a favourable trend for India Cements; similarly, select technical factors augur well for cement stocks such as Ambuja Cements, Ramco Cements and NCL Industries.
India Cements Ltd (ICL), now part of the Aditya Birla Group firm, on Friday reported a consolidated net profit of Rs 8.81 crore in the September quarter of FY26. The board of ICL has approved an investment of Rs 2,014 crore, which includes a capex of Rs 1,574 crore for modernisation and Rs 440 crore for capacity enhancement. The company had reported a net loss of Rs 339.13 crore in the July-September period a year ago, according to a BSE filing from ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was up 9.31 per cent to Rs 1,117.04 crore in the September quarter of FY26. This was at Rs 1,021.84 crore in the corresponding quarter last fiscal. Total expenses of ICL were at Rs 1,135.64 crore, down 13.5 per cent year-on-year. In Q2, ICL domestic sales volume of 2.44 million tonnes was up 11.9 per cent on q-o-q basis. Its average capacity utilisation was at 65 per cent for the quarter, the company said in its post result presentations. However, total income of I
Elara Capital cautions that the near-term pricing environment remains weak, with operating leverage and higher costs likely to weigh on profitability in Q2FY26 and potentially spill over into Q3FY26.
India Cement stock rallies after UltraTech unveils plan to 6.49 per cent stake in the company through an OFS, to comply with SEBI rule on at least 25 per cent public shareholding