Page 4 - Cement Companies

Markets today: Will price hike in Delhi-NCR de-rail rally in cement stocks?

Shares of cement companies have delivered impressive returns. But they are now announcing rate cuts, especially in the Delhi-NCR region. Will this halt the rally in cement shares? Let's find out

Larger cement companies better placed despite higher valuations

Investors appear to have paid heed to the negative aspects in the recent past

Nuvoco Vistas hits new high, trades above issue price for first time

The stock was trading above its issue price of Rs 570 for the first time since listing

Outlook for Cement companies remains strong; analysts bullish about sector

Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter

Vedanta invites partnership from cement companies for by-products

Vedanta on Monday said its aluminium vertical has invited partnerships from cement producers like ACC, UltraTech Cement and JK Cement to use its by-products for manufacturing low-carbon cement.

Cement firms set for blockbuster quarter; realty to boost top line growth

Demand remained strong in East, North, and Central India, while the West showed signs of revival

50 mtpa capacity expansion plan is going in right direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants

UltraTech Cement jumps 5%, hits new high on solid December quarter results

The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020

Profits had been falling for Jagan Mohan Reddy family cement firm

Bharathi Cement, part-owned by AP chief minister's family, faces allegations of getting bulk of state govt orders

Cement stocks fall after CCI raids on allegations of price cartelisation

This will not impact positive sentiment in the sector, say analysts

Analysts expect muted YoY performance in Q2FY21 from India Inc

As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections

Covid-19 impact: Recovery for cement erratic, but margins may hold

A combination of reduced overhead expenses and cut in fuel cost could help shield margins.

JSW's common hub for steel and cement to clock in Rs 2,300 crore this year

Firm says the hub will be the largest of its kind in Asia, with a current stocking capacity across both products of about 2 mn tonnes a year

Covid-19 impact: Retail demand for cement, steel goes missing amid lockdown

While companies are unable to move material, dealers continue to suffer due to absence of any business

Cement players with focus on North and Central India remain better placed

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.

Cement companies rush to eastern India to seize upon demand uptick

In the recent past, demand remained muted in north, central and western India at 3-5 per cent and volume growth declined by around five per cent in south India

Realisations still under pressure for cement firms as demand remains muted

With growth having shrunk 0.5 per cent year-on-year during FY20 so far, as per latest estimates, price recovery seems distant

ACC delivers a decent performance amid demand and liquidity challenges

The operating performance should see some benefits from decling raw material costs, however demand recovery holds key for significant upside

Up for sale, Emami Cement seeks valuation of Rs 8,000-9,000 crore

Group seeks to pare debt using sales proceeds; potential buyers feel valuation sought is high

Significant upside hinges on demand revival in cement industry: Analysts

Cut in corporation tax provides respite, say analysts