Page 4 - Cement Stocks

ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives

ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market

The broader trend in the cement sector remains optimistic, price action riding along the overall bullish sentiment

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

UltraTech Cement hits record high; gains 2% on strong sales volume in Q1

UltraTech's consolidated sales volume rose 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively.

Shree Cement plunges 10%; hits 5-month low amid ongoing Income Tax survey

Last week the Income Tax department initiated a survey action at five locations of the cement manufacturer.

Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%

Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.

Ramco Cements rallies 8%; hits 52-week high on healthy Q4 volume growth

While long term prospects of profitability look promising, the short term outlook is expected to improve from Q2FY24, Ramco Cements said.

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

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may mar prospects

Cement shares in focus; UltraTech, Dalmia Bharat hit 52-week highs

Most managements continue to be positive on the cement demand, led by the government's thrust on infrastructure projects, pick-up in urban real estate, and likely recovery in the rural segment.

Cement shares rally on hopes of GST cut; UltraTech, Ambuja gain 3%

Finance Minister Nirmala Sitharaman on Tuesday said that the government will consider a review of the 28 per cent Goods and Services Tax (GST) levied on cement.

Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results

UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.

Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz

The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company

TMS Ep325: Paytm Share Buyback, Fertiliser Prices, Markets, Nuclear Fusion

Will the share buyback revive Paytm's fortunes? Will rising fertiliser prices hamper India's inflation battle? Is the worst over for the cement sector? Why is nuclear fusion in the news? Answers here

Is the worst over for the cement sector?

The cement industry has been one of the worst impacted this year with monumental declines in profits. But, as price hikes make a comeback, will the industry see a turnaround?

Dalmia Bharat dips 5% a day after inking deal to buy Jaiprakash's biz units

Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.

JK Lakshmi Cement extends rally, up 27% in 9 days; stock nears record high

With today's rally, the market price of JK Lakshmi Cement has zoomed 117 per cent from its 52-week low of Rs 368.65, touched on May 12, 2022.

Cement shares in focus; JK Lakshmi, Dalmia, JK Cement up over 12% in 1 mth

Analysts expect cement stocks to witness catch up activity after months of underperformance as many negatives seem to be priced-in

JK Lakshmi Cement hits record high, stock soars 28% in November

The stock was trading higher for the third straight day and has gained 6 per cent during this period.

Indian stocks cement haven status, set to extend lead over world peers

A return of foreign investors is bolstering the market, where the benchmark S&P BSE Sensex Index rose to an all-time high on Friday as risk assets rejoiced over a softer US inflation print