In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex.
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
Ambuja, ACC also put up good showing, which has led to a significant earnings upgrade for the trio
In a Q&A, the CFO of the firm says he sees a spike in costs as it looks to spend on marketing, advertising and branding in the coming months
The leading cement producer had posted a net profit of Rs 578.55 crore in July-September quarter a year ago, UltraTech Cement said in a regulatory filing
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The company's consolidated net profit more than doubled at Rs 1,234 crore in Q2FY21, against Rs 579 crore in Q2FY20.
The stock of the cement major was trading higher for the third straight day, ralling 7 per cent during the period and was trading at its highest level since March 6, 2020
Analysts at Emkay Global Financial Services remain positive on the cement sector and expects industry volume to start improving from the January-March quarter (Q4FY21)
We can witness short-covering move along with addition of fresh position only if Nifty breaches level of 11,350. Therefore, traders should try to create long position, keeping close eye on 11,200
Birla informed shareholders that cement demand for most of FY2020 was sluggish, with improvement expected December onwards
NIfty has been forming higher tops and higher bottoms on the daily charts. Nifty is placed above 20,50,100 and 200 days moving averages, indicating bullish trend on all time frames
Leading cement maker UltraTech Cement expects a "subdued performance" in the wake of weak real estate and overall slowdown in the economy coupled with the impact of the coronavirus pandemic
Better-than-expected realisations and lower costs led to improvement in per-tonne profitability
The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown
Consolidated Ebitda margins improved to 31 per cent in Q1FY21 from 27 per cent in the corresponding quarter of previous year
Virus-led disruption, availability of labour major concerns
Firm realisation and lower costs bode well for profitability
Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder
Most firms not indicating financial impact