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
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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
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
All that happened in the markets today