Other cement players in different geographies could come under the watchdog's probe as investigation widens
Prism Cement, Deccan Cements, Orient Cement, Panyam Cement and Gujarat Sidhee Cement were up in the range of 5% to 12% on Friday
The price increase, which comes after six months of decline, should only help pass on cost pressures
Penalty is for violating competition norms with regard to a 2012 tender floated by a Haryana agency
Q3 profit expected to fall and near-term outlook remains sluggish
UltraTech Cement, Ambuja Cements, ACC, Dalmia Bharat, Oberoi Realty, DLF, HDIL and NBCC were up 2%-5% on BSE
Dalmia Bharat tank 15% to Rs 1,186 on the BSE in intra-day trade on Monday
Emami braces up to challenge big shots in cement
The sector has been seeing 10-20% drop in sales owing to currency rationing in the wake of demonetisation
It proposes to issue 6,11,986 equity shares of Rs 10 each on a preferential basis to promoter and promoter group
Strong demand and improving utilisations to boost growth
Jaiprakash Associates, JK Cement, Ambuja Cement, ACC, UltraTech, Ramco Cements, India Cements, Shree Cement and Ambuja Cements were down 1%-3% on the BSE.
While the industry saw a lot of consolidation in 2016, the construction industry contains a large number of medium-sized players with messy balance sheets
India Cements, Prism Cement, HeidelbergCement, Sanghi Ind, Mangalam Cement and Saurashtra Cement are quoting at their respective 52-week highs on the BSE.
Mangalam Cement, JK Cement, JK Lakshmi, OCL India, Sagar Cements, and Saurashtra Cement were up 2%-9% on the BSE
Deccan Cements, HeidelbergCement India, Saurashtra Cement and Birla Corporation up more than 3% each.
Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders
The transaction will help debt-heavy Jaiprakash Associates to reduce its debt, which had touched a high of Rs 60,000 crore
Dalmia Bharat, Deccan Cements, Mangalam Cement, Birla Corp, Sagar Cements and Ramco Cement hit 52-week highs.
With onset of monsoon and government's focus on infrastructure, cement stocks have beaten Sensex