Page 6 - India Cements

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

India Cements re-appoints Rupa Gurunath as whole time director for 5 yrs

Gurunath holds chairmanships/directorships in Coromandel Travels Ltd, Coromandel Electric Company Ltd., ICL Shipping and India Cements Infrastructures Ltd

Cement industry has started recovering: India Cements MD Srinivasan

The Indian cement industry has started recovering from the impact of COVID-19 helped by pent-up demand and improved rural markets, India Cements Vice-Chairman & Managing Director N Srinivasan said. The company expects an uptick in demand on the back of government's push towards infrastructure projects such as construction of highways, rural infrastructure and irrigation projects, Srinivasan said while addressing the 74th Annual General Meeting of India Cements Ltd (ICL). "The industry has started recovering slowly from May 2020 given the pent-up demand and the improved rural demand," Srinivasan said while addressing the shareholders virtually. During the first quarter of FY2021, Andhra Pradesh and Telangana governments re-started their infrastructure projects and housing for poor schemes. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This along with pick up ..

India Cements PBT drops 75% to Rs 26 cr in Q1, income almost halves

Firm says given the current pandemic situation and the plight of the construction industry, the firm's performance can be considered as good

India Cements PBT drops by 75% to Rs 26.06 in Q1, blames lockdowns

Company shut down operations late March, when govt announced the first nationwide restrictions to contain the coronavirus

Economy to bounce back once Covid-19 brought under control: India Cements

The Chennai-headquartered company commenced operations in April following the partial lifting of the nationwide Covid-19 enforced lockdown.

India Cements slips into red with Rs 171.11 cr loss before tax in Q4

Firm had earned a profit before tax of Rs 62.17 crore a year ago

MARKET WRAP: Sensex falls 561 pts ahead of F&O expiry; financials top drag

All that happened in the markets today

India Cements Q4 net loss at Rs 11.76 cr; revenue down 26% to Rs 1,176 cr

Shares of India Cements on Wednesday were trading at Rs 128.00 on BSE, down 2.81 per cent from the previous close

Market Ahead, June 24: Top factors that could guide markets today

The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today

Radhakishan Damani looks to acquire controlling stake in India Cements

Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder

India Cements nears 52-week high, settles around 5% higher on the BSE

As per shareholding pattern data for the March quarter, Radhakishan Damani along with Gopikishan Damani holds around 20 per cent stake in the company

India Cements stock up by more than 6% on Damani takeover buzz

Damani, the owner of Avenue Supermarts Ltd., has informally reached out to the cement manufacturer's controlling shareholder, N. Srinivasan, to explore a takeover, the report said

Cement stocks in focus; India Cements hits 2-yr high, soars 33% in 6 days

On May 14, 2020, India Cements announced that Radhakishan S Damani, promoter of D-Mart supermarkets' chain, along with Gopikishan S Damani, has increased the stake in the company to 19.89 per cent

India Cements rebounds 14% from day's low on heavy volume; hits 20-mth high

Radhakishan S Damani, promoter of D-Mart, along with Gopikishan S Damani, has increased the stake in the company to 19.89 per cent at the end of March quarter

DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%

Analysts say acquirer may have found the firm attractive at the valuation at which it was available at

Market Wrap, May 15: Here's all that happened in the markets today

Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer

India Cements jumps 8% as Damani family increases stake to 20% in Q4

Gopikishan Damani and Radhakishan Damani's combined stake in India Cements increased to 19.89% in March 2020 quarter from 4.73% in the previous quarter

India Cements jumps over 8% as Damani family increases stake in Co to 16%

So far in the calendar year 2020, shares of The India Cements have outperformed the market by surging over 34 per cent

Damani family increases stake in India Cements from 11.98% to 16%

Share prices of India Cements saw a one-month peak at Rs 104.6 per share on February 26