Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants
The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21) given the low base and sharp recovery in the cement demand
All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E
On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
Following around 10 per cent YoY growth in volumes in Q3FY21, Motilal Oswal Securities expects the sector's volumes to grow around 20 per cent YoY in Q4FY21
NMDC announced resuming mining operations at its Donimalai iron ore mine in Karnataka
Escorts share price has witnessed a decent correction and has flattened out near 1290 levels to improve the bias
This will not impact positive sentiment in the sector, say analysts
The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour
India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said
UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks
All indicators point to a gradual rise in Aurobindo Pharma's stock from the 100 EMA support
The volatility index, IndiaVIX, fell by 5 per cent and ended at a 4-month low of 24.75 levels on Thursday
Virus-led disruption, availability of labour major concerns
Corporate results would get a lot worse in the coming quarters
Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years
According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later
On March 23, Ambuja Cements temporarily suspended its operations at various locations, in compliance with the direction issued by the government in view of the pandemic
Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent.