Page 8 - Cement Sector

UltraTech, ACC: These 6 cement stocks are signalling up to 16% upside

UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively

JK Cement sees 10% revenue growth in FY22, aims to be 25-MT firm in 5 years

JK Cement Ltd, part of J.K. Organisation, targets up to 10% growth in its revenue this fiscal, helped by the government's push for infrastructure, pent-up demand said top company official.

Gadkari stresses on ways to reduce use of cement, steel in road construction

Gadkari said the government officials should positively support new ideas.

India Cements posts Rs 43.97 crore net profit in fourth quarter

This came on the back of strong sales.

Indian cement makers' price hikes to support margins: Fitch Ratings

The recent price increases by India's cement companies will counter the higher energy costs: Fitch

Cement stocks rally on strong demand hopes; Shree, JK Cement hit new highs

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

Ambuja Cements consolidated net rises 24% to Rs 732 cr in December quarter

'Margin expanded by 410 bps during the quarter and 480 basis points for the full year backed by strong performance in price, volume and costs,' says CEO

Cement stocks in demand; Dalmia Bharat, JK Cement, Ramco Cement at new high

The government's thrust on infrastructure spending and affordable housing bodes well for cement demand, Motilal Oswal Securities said in a note

JK Cement third quarter net profit soars 74.8% to Rs 217 crore

The firm reported the jump in profit for the third quarter ended December 2020

UltraTech Cement Q3 net profit more than doubles to Rs 1,584 crore

Increased sales on pick-up in demand helped strengthen bottomline

Damanis hike stake in India Cements in Q3 to 21%; stock jumps 6%

The Damani family have been steadily increasing their holding in India Cements

Strong volumes seen leading Q3 revenues for domestic cement players

Weak pricing, higher cost of production to hurt EBITDA/tonne of large players

Cement manufacturers accuse builders of misleading govt, cartelisation

The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation

Cement factories exploiting real estate market situation: Nitin Gadkari

Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari on Saturday lashed out at Cement factories and said they are exploiting the present situation real estate market.

This cement stock has underperformed Sensex since listing; will tides turn?

Analysts see up to 23 per cent upside in the stock over its last close of Rs 102.30

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

Cement stocks fall after CCI raids on allegations of price cartelisation

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

L&T wins orders for supply of mining equipment to coal, cement sectors

S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry

UltraTech Cement shares close with over 4% gain on investment plan

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity

India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

Cement prices which started improving from the month of April'20 sustained during the second quarter under review with only marginal aberrations in some of the southern states