The price-to-moving averages hints at a favourable trend for India Cements; similarly, select technical factors augur well for cement stocks such as Ambuja Cements, Ramco Cements and NCL Industries.
Low base, premium mix and new capacity supported gains
Ambuja Cements shares rose 3 per cent after it reported a 268 per cent surge in its consolidated net profit in the September quarter
Reliance Industries, IndiGo, DLF, Ambuja Cements and Shree Cement can potentially rally up to 24 per cent from present levels, suggest technical charts.
With 18.4 mt sales and successful Orient Cement integration, Ambuja beats revenue estimates and posts 53% jump in EBITDA amid lower costs and strong premium mix
Ambuja Cements share price advanced 2 per cent in trade after brokerages iterated its 'Buy' rating on capacity expansion plan
Bharti Airtel, DMart, Adani Enterprises, Eternal among 10 large-cap stocks that look technically strong on charts and can deliver double-digit returns in the next six months.
Ambuja Cements shares rose 5 per cent, logging an intraday high at ₹562.5 per share; check all details here
The average gain for Ambuja Cements, an Adani group stock, after witnessing 'Golden Cross' formation has been 86% in the last three instances; can history be repeated? Here's what the charts say.
Q4 FY25 company results today: Bajaj Finserv, CEAT, IndiaMart, PSB, Schaeffler India, and Shoppers Stop will be among 42 companies to post earnings reports for the January-March quarter on Apr 29
Ambuja Cements, part of Adani Group, in a top-level rejig, has appointed Vinod Bahety as its new CEO and designated the incumbent Ajay Kapur as the managing director. The board of Ambuja Cements has approved the "Appointment of Vinod Bahety as Additional Director and Whole-time Director and Chief Executive Officer of the Company for a term of three years", the company said in a regulatory filing. Besides, Ambuja Cements, the second largest cement producer in the country, has also announced the appointment of Rakesh Tiwary as Chief Financial Officer of the company. The board also approved the appointment of Praveen Garg as a Non-Executive Independent director on the Board of the Company for three years. All these changes are going to be effective from April 1, 2025, the filing said. Meanwhile, ACC, a step-down subsidiary of Ambuja Cement, also informed the cessation of Ajay Kapur as its whole-time director and CEO. The board of ACC also approved the appointment of Vinod Bahety as
With industry focus shifting to volume growth in the closing quarter of the year, the likelihood of substantial price hikes in the near-term remains low due to the continued high competitive pressure
Consolidated revenue was at Rs 8,500 crore, with adjusted EBITDA at Rs 890 crore, and adjusted PAT at Rs 410 crore in Q3FY25
Ambuja Cements Q3FY25 results: The cement arm of Adani Group aims to achieve 104 MTPA capacity by Q4 FY25 and 118 MTPA by FY26
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
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Aditya Birla Group company to expand presence in East India with new acquisition
Under the deal, Ambuja Cements will issue 12 equity shares of the face value of Rs 2 each for every 100 equity shares of Sanghi Industries of face value Rs 10 each
Ambuja Cements, part of Adani Group firm, on Friday announced the commissioning of a 200 MW solar power project in Khavda, Gujarat, to supply green power to 20 cement plants. The Khavda project is part of Adani Cements' plan to have 1 GW of renewable power from solar and wind projects, along with 376 MW from WHRS (Waste Heat Recovery Systems). "The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025," said a statement. Of the remaining 806 MW capacity from this project, 156 MW of wind power from Khavda and a further 300 MW of solar power from Rajasthan are expected to be commissioned by March 2025 in phases. The balance of 350 MW of solar power is expected to be commissioned by June 2025. This will "positively impact the company's EBITDA" as this development leads to an impressive 70 per cent savings compared to current power cost, it added. The company is spending around Rs
Here are 5 F&O stocks that are trading with a PCR in excess of 1; Options data and technical charts suggest up to 14% upside for these stocks in the December series; key levels here.