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.
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
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 ..
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.
Cement stocks: The rally comes amid hopes of sustained push on infrastructure development and government-driven capex continuing in India
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
Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies
TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter
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.
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
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
The fine for ACC was Rs 47000 each and for Ambuja Cements was Rs 16000 each
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
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
According to a Nuvama Alternative and Quantitative Research, PFC and HDFC AMC are likely to see inflows of $203 million and $153 million, respectively
Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives
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.
ACC Ltd said that it expects the positive trend of the industry to continue in the coming quarter
Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies
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.