Page 3 - Acc

HDFC Securities recommends Bull Spread strategy on ACC for May series

The derivative analyst from HDFC Securities recommends to Buy ACC 1,800 CALL at Rs 45.5 & simultaneously sell 1860 CALL at Rs 22.5

ACC has not floated any proposal to postpone Asia Cup, says report

Contradicting media reports that Asia Cup could be postponed and a parallel tournament, excluding Pakistan, could be played in Dubai in the same window, the Asian Cricket Council (ACC) sources on Monday said that they have not sent out any such proposal to the member nations. A report in Pakistan media claimed that if PCB will not agree to play Asia Cup at a neutral venue, the tournament could be taken away from the country. The hosting rights of the 2023 Asia Cup, scheduled to be held in ODI format, are with the Pakistan Cricket Board but BCCI secretary Jay Shah, who is also the ACC chairman, has made it clear that the Indian cricket team will not travel to Pakistan. The PCB has proposed to host Asia Cup on a 'hybrid model', where Pakistan play their matches on the home soil, while India play at a neutral venue -- in all likelihood Dubai. It is understood that the BCCI wants the entire tournament to be shifted to the UAE -- which has three grounds in Dubai, Sharjah and Abu Dhabi -

ACC on Hindenburg: Independent review found it in compliance with all laws

Says since matter is sub-judice, financial statements do not carry any adjustments

ACC net profit declines 41% to Rs 236 cr in January-March quarter

Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a BSE filing. Its total revenue from operations during the quarter under review was at Rs 4,790.91 crore, up 8.23 per cent, as against Rs 4,426.54 crore in the corresponding period a year ago. ACC's total expenses were at Rs 4,514.38 crore, up 14.10 per cent. Shares of ACC Ltd on Thursday settled at Rs 1,747.10 on the BSE, up 0.51 per cent from the previous close.

Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt

People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Questions raised over Gautam Adani sibling Vinod's related party status

Issue stems from multiple disclosures made by the group; Promoter group entities are typically considered related parties

Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?

Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.

Buoyed by $1.9 bn investment by GQG Partners, Adani rally enters 2nd week

Industry players said the GQG investment will provide a floor to Adani stocks and also ease concerns around promoter-share pledges

Ambuja Cements, ACC to restart operations at 2 plants in Himachal Pradesh

The Darlaghat plant of Ambuja Cements has a capacity of 2 million tonnes per annum while that of ACC's Gagal produces 5.5 mtpa

Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts

Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead

Cement shares gain on hopes of demand recovery; UltraTech, Ambuja up 3%

Analysts expect industry margin to bottom out in Q2, with peaking of cost, higher exit of cement prices, and pick-up in construction activity in coming quarters

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak

CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements

Jaypee-owned firm undergoing bankruptcy process

Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%

CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent

ACC, Ambuja Cements shares tank over 5% on concerns over encumbrance

The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)

Names of Dr Srinivas, Dr Behari sent for AIIMS Delhi top post: Report

With Dr Randeep Guleria's second extended tenure as the director of AIIMS, New Delhi ending on September 23, the names of two doctors have been recommended for the top job in the premier institute, sources said. It has been learnt that the names of Dr M Srinivas, Dean of Employees' State Insurance Company (ESIC) Hospital and Medical College in Hyderabad, and Dr Sanjay Behari, Director of Sree Chitra Tirunal Institute for Medical Sciences & Technology, Trivandrum, have been sent to the Appointments Committee of the Cabinet (ACC) for approval. Interestingly, neither Dr Srinivas nor Dr Behari had not applied for the post, the sources told PTI on Tuesday. Earlier in March, names of three doctors -- Nikhil Tandon, head of the department of endocrinology; Rajesh Malhotra, chief of AIIMS Trauma Centre and the head of the department of orthopaedics; and Pramod Garg, professor in the gastroenterology department in the institute -- shortlisted by a search-cum-selection committee and ...

Ambuja rallies 11% on Adani's Rs 20K-cr boost; brokerages mixed on outlook

Analysts remain positive on Ambuja Cement's long-term market share gains, but caution against any possible dent in the company's profitability due to excess supply in the market

Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead

CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys