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
Birla Corporation, Ambuja Cements , OCL India, UltraTech Cement, Mangalam Cement and Shree Cement up 1%-4%.
Profitability got a boost in Q4; it might get further uplift as demand and realisations improve
Upcoming monsoon and continuous poor prices rein in the rally in cement shares
Subdued realisations as price rise gains spill to June quarter; volume growth, lower costs will help
The cement major made the estimate during its 80th AGM today