Business Standard

Acc

ACC, IRCTC: 4 stocks turn bearish even as Sensex, Nifty scale new highs

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

ACC, IRCTC: 4 stocks turn bearish even as Sensex, Nifty scale new highs
Updated On : 20 Sep 2024 | 2:21 PM IST

After monsoon lull, price pressure, are cement stocks worth buying?

Shares of cement companies have slid up to 19 per cent in the last four weeks on the NSE, against a 1.06 per cent jump in the benchmark Nifty50

After monsoon lull, price pressure, are cement stocks worth buying?
Updated On : 23 Aug 2024 | 10:46 PM IST

ACC Q1 FY25 results: Net profit down 22.5% at Rs 361 crore; stock falls

Cement maker ACC Ltd on Monday reported a decline of 22.46 per cent in its net profit to Rs 361.40 crore in the first quarter ended on June 2024. The company had posted a profit of Rs 466.14 crore in the April-June quarter a year ago, according to a regulatory filing from ACC, now a part of Adani Cement. Its revenue from operations was marginally lower at Rs 5,154.89 crore during the quarter under review. It was Rs 5,201.11 crore in the corresponding period a year ago. ACC's sales volume from Cement & Clinker in the April-June quarter was up 9 per cent at 10.2 million tonnes, which is the "highest ever volume" in Q1 over the last five years, according to an earning statement by the company. The volume growth was "supported by an increase in premium products and improvement in efficiency parameters, ensuring market leadership". Total expenses of ACC rose 1.84 per cent in the June 2024 quarter to Rs 4,741.27 crore. Its Kiln fuel cost improved, helped by change of fuel basket and ..

ACC Q1 FY25 results: Net profit down 22.5% at Rs 361 crore; stock falls
Updated On : 29 Jul 2024 | 11:50 PM IST

ACC, BSE: This tech indicator shows more gains for 5 Nifty MidCap stocks

The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.

ACC, BSE: This tech indicator shows more gains for 5 Nifty MidCap stocks
Updated On : 13 Jun 2024 | 10:21 AM IST

Cement stocks rally up to 10% on Monday, Ultratech hits record; here's why

Cement stocks: The rally comes amid hopes of sustained push on infrastructure development and government-driven capex continuing in India

Cement stocks rally up to 10% on Monday, Ultratech hits record; here's why
Updated On : 10 Jun 2024 | 3:16 PM IST

Discrepancies in bids: Govt may give two weeks to ACC PLI applicants

The discrepancy in the bids has caused the government to miss its target of completing the bidding process within a month of declaring the technical bidders

Discrepancies in bids: Govt may give two weeks to ACC PLI applicants
Updated On : 07 Jun 2024 | 10:23 PM IST

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?

Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?
Updated On : 16 May 2024 | 10:50 PM IST

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today
Updated On : 25 Apr 2024 | 2:07 PM IST

ACC bags Lamatola coking coal block situated in MP on 3rd day of auction

Cement major ACC Ltd bagged the Lamatola coking coal block situated in Madhya Pradesh on Thursday in the ongoing nineth round of auction of commercial coal mines, according to an official release. ACC submitted the final bid offering a premium of 16.75 per cent against the reserve price of 4 per cent. "Including today's auction, a total of 4 coking coal mines have been auctioned under the ongoing rounds of auction. Once operationalized, these coal mines will reduce the dependency of country on imported coking coal," the Coal Ministry said. The latest round of commercial coal mine auctions was launched by the Coal Ministry on December 20, 2023. As many as 32 coal mines were put on the block. The Lamatola coking coal mine located in Madhya Pradesh has 200 million tonnes reserves of coking coal.

ACC bags Lamatola coking coal block situated in MP on 3rd day of auction
Updated On : 14 Mar 2024 | 10:03 PM IST

ACC Q3 results: PAT surges five-fold to Rs 527 crore, beats estimates

The Adani Group-owned company's profit after tax surged nearly five-fold to 5.27 billion rupees ($63.4 million) in the three months ended Dec. 31

ACC Q3 results: PAT surges five-fold to Rs 527 crore, beats estimates
Updated On : 25 Jan 2024 | 3:28 PM IST

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move

Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move
Updated On : 22 Jan 2024 | 11:40 PM IST

Minor fines imposed on multiple Adani companies over non-compliance

The fine for ACC was Rs 47000 each and for Ambuja Cements was Rs 16000 each

Minor fines imposed on multiple Adani companies over non-compliance
Updated On : 22 Aug 2023 | 9:07 PM IST

Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

Don't see a major worry: Adani Cement CEO on any price war expected
Updated On : 20 Aug 2023 | 9:36 PM IST

ACC, HDFC AMC, three other companies to be excluded from Nifty Next 50

Five firms, including ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures that runs Nykaa, will be dropped from Nifty Next 50 index from September 29. NSE Indices Ltd, an arm of the National Stock Exchange, on Thursday said that Indus Towers and Page Industries will also be dropped from the index. Punjab National Bank, Trent, Sriram Finance, TVS Motor Company, and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement. NSE Indices' Index Maintenance Sub-Committee (IMSC) decided to make the changes with effect from September 29 as a part of a semi-annual review. In addition, changes have been announced in several indices -- Nifty 500, Nifty 100, Nifty Midcap 150, Nifty Small Cap 250, Nifty Midcap 50, Nifty Midcap 100, Nifty Smallcap 50, and Nifty Smallcap 100. However, no changes were announced in the NSE's benchmark index Nifty 50. NSE Indices also revised the eligibility criteria for several sectoral indices, including Nift

ACC, HDFC AMC, three other companies to be excluded from Nifty Next 50
Updated On : 17 Aug 2023 | 9:37 PM IST

MSCI Global Standard Index review: PFC, REC among 8 entrants; ACC excluded

According to a Nuvama Alternative and Quantitative Research, PFC and HDFC AMC are likely to see inflows of $203 million and $153 million, respectively

MSCI Global Standard Index review: PFC, REC among 8 entrants; ACC excluded
Updated On : 11 Aug 2023 | 8:02 AM IST

ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives

ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results
Updated On : 31 Jul 2023 | 11:56 AM IST

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher
Updated On : 27 Jul 2023 | 4:31 PM IST

ACC Q1FY24 results: Net profit jumps 105% YoY to Rs 466 cr, revenue up 16%

ACC Ltd said that it expects the positive trend of the industry to continue in the coming quarter

ACC Q1FY24 results: Net profit jumps 105% YoY to Rs 466 cr, revenue up 16%
Updated On : 27 Jul 2023 | 3:29 PM IST

Adani to continue using ACC, Ambuja brands; no plans to merge cement units

Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies

Adani to continue using ACC, Ambuja brands; no plans to merge cement units
Updated On : 20 Jul 2023 | 3:20 PM IST

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks
Updated On : 12 Jul 2023 | 10:58 AM IST