The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.
JK Cement Ltd on Saturday reported a 22.52 per cent decline in its consolidated net profit to Rs 136.15 crore for the second quarter ended September 2024. The company had posted a profit of Rs 175.73 crore a year ago, according to a regulatory filing from JK Cement. Its revenue from operations slipped 7 per cent to Rs 2,560.12 crore during the quarter under review. It was Rs 2,752.77 crore in the corresponding period of the previous fiscal. JK Cement's total expenses rose marginally to Rs 2,545.25 crore in the September quarter. The total income of JK Cement, which includes other income, declined 6.62 per cent to Rs 2,597.90 crore in Q2 FY25. JK Cement has an installed Grey Cement capacity of 24 MTPA. It is one of the leading manufacturers of white cement, globally, with a total white cement capacity of 1.20 MTPA and wall putty capacity of 1.2MTPA.
Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.
Derivatives market update for Sept 05: The Put-Call Ratio dropped from 0.96 to 0.82, reinforcing the dominance of call writers and a cautionary trend; 25,150 remains a key level for the Nifty, says Dh
Derivatives market update for Sept 04: FIIs continue to hold long bets in index futures in the 5:2 ratio, while DIIs and retail hold shorts in 3:2 ratio. Three stock in F&O ban on Wednesday.
Derivatives market update for Friday, August 23: Analysts suggest Nifty options market reflects a bearish sentiment, with increased Call writing vs. Puts, as the index nears major hurdles.
Derivatives market update: FIIs reduced longs in index futures marginally on Monday; their index long-short ratio stands at 1:1. Retail traders up long bets.
LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.
JK Cement Ltd on Saturday reported a 67 per cent increase in its consolidated net profit to Rs 184.82 crore for the first quarter ended June 2024. The company had posted a profit of Rs 110.73 crore in the year-ago period, according to a regulatory filing from JK Cement. Its revenue from operations edged up 1.62 per cent at Rs 2,807.57 crore during the quarter under review. It was Rs 2,762.63 crore a year ago. JK Cement's total expenses stood flat at Rs 2,579.14 crore in the June quarter. The total income of JK Cement was Rs 2,852.31 crore, up 2.07 per cent, in Q1 FY25.
These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.
After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.