SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020
The huge thrust on infrastructure spending by the government in the Budget 2021-22 bodes well for construction materials such as cement and steel
Ability to penetrate distribution network and creating brand equity key challenges, say analysts
India VIX ticked up 4 per cent
The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research
The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020
Increased sales on pick-up in demand helped strengthen bottomline
In the past one week, most of the frontline cement stocks have outperformed the market and risen more than 4 per cent, as compared to 1.2 per cent rise in the S&P BSE Sensex
The three basic charts are: Line charts, Bar charts, and candlestick charts
UltraTech Cement on Tuesday said it has raised Rs 1,000 crore through allotment of non-convertible debentures (NCDs) on private placement basis
With valuations at a premium, brokerages highlight the need for caution
This will not impact positive sentiment in the sector, say analysts
India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said
The company informed, on December 3, that its board has approved increasing the firm's capacity by 12.8 mtpa, with a mix of brown field and green field expansion at a capex of Rs 5,477 crore
The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity
The additional capacity will be created in the fast-growing markets of the east, central and north regions in the country.
Expansion could be a mix of brown and green field projects; demand in eastern part of India strongest of all regions, say brokerages
Lender has the highest exposure to the bankrupt firm, want to maximise asset's value
Adani Green Energy and Adani Gas have rallied 50 per cent in the past month, as compared to a 10 per cent rise in the S&P BSE Sensex.
According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline