In a regulatory filing, the Aditya Birla Group firm said the capital and financial resources of the company remain entirely protected
Strong cost controls, lower diesel, petcoke and coal prices helped
Manufacturers in India and China were anticipating growth on the back of an infrastructure splurge. The pandemic has forced them to cut back, and revival this year looks tough
Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3
As per weekly option data, handful of put writing on lower strikes ranging from 9,200 to 9,400 is seen which shows Nifty would witness firm support in sub 9,200 zone
The stock price has broken out from the symmetrical triangle on the daily chart
UltraTech Cement, as well as other companies like Dalmia Bharat Cement, Heidelberg Cement India and others, said that partial operations at some of the companies' plants have resumed
Universal Cables announced that operations at its manufacturing units in Satna had been temporarily suspended with effect from the midnight of March 24
Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission
A likely demand improvement, declining costs is keeping some analysts positive on ACC, but UltraTech's better placed given higher per tonne profit and expanded capacities
UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues
Metal stocks were under heavy selling pressure today as investors grew increasingly anxious about the economic impact of spreading of China's Coronavirus outbreak
The company management said the signs of revival were visible in some markets during the latter part of the October-December quarter.
Declining costs, recent uptick in cement prices, improving utilisation levels and turnaround of acquisitions should drive future performance
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed
The government's firm commitment to revive the economy and the thrust on infrastructure spending augurs well for the growth of cement demand
UltraTech Cement has recently surpassed the hurdle of multiple moving averages on the daily chart and is likely to witness fresh momentum
While capital expenditure by government should aid demand in March quarter, a meaningful demand revival is unlikely anytime soon
Emami Group has decided to monetise its cement assets to pare debt and aims to become debt-free at the group level by the end of the current fiscal year
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.