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.
Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts
Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.
With growth having shrunk 0.5 per cent year-on-year during FY20 so far, as per latest estimates, price recovery seems distant
Here are some companies that could gain from the boost to real estate sector
UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year
The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity