Stocks to Watch on Tuesday: Adani Total, TVS Motor, UltraTech Cement, Tata Tech, IndusInd Bank and Gensol Engineering are among the stocks to watch today, April 29, 2025
The growth in the company's overall consolidated sales volume during the quarter is amid its acquisitions of Kesoram Industries and India Cements
UltraTech Cement Q4 FY25 company result today: The board of directors of the company recommended a dividend of ₹77.50 per equity share of face value ₹10 each
Q4 FY25 company results today: Aditya Birla Sun Life AMC, Adani Total Gas, AWL, Castrol, and IIFL Securities will be among 49 firms to post earnings reports for the January-March quarter on April 28
With the monsoon still two months away, cement companies stand to benefit from this seasonally strong period.
Cement demand is expected to cross 640 million tonnes per annum by FY30, said leading player and Aditya Birla group flagship firm UltraTech Cement in an investor presentation. It expects the cement demand to have a compound annual growth rate (CAGR) of 7 to 8 per cent between FY24 and FY30, citing industry estimates and research reports. The cement demand was at 424 MTPA in the financial year which ended on March 31, 2024, according to the investor presentation, a copy of which was submitted to exchanges last week. The "cement demand expected to cross 640 MTPA by FY30," said UltraTech Cement Ltd. The company is expanding its grey cement production capacity and has projected to have 209.3 MTPA output by FY27. UltraTech's capacity has increased to 182.8 MTPA so far in FY25, which includes 5.4 MTPA in overseas, from an overall 140.8 MTPA of FY24. The Aditya Birla group firm is expanding its capacity through acquisitions and brownfield as well as greenfield expansions. It plans to add
Meanwhile, technical charts of the new entrant UltraTech Cement in the wires & cables business indicates a likely downside risk of up to 17% for the stock.
The company added that cement remains its core business, while entry into wires and cables is an adjacencies play
Shares of Polycab, KEI, Havells India and R R Kabel slumped up to 15% after UltraTech announced its foray into wires & cables segment with an investment of Rs 1,800 crore over the next 2 years
Stocks to watch today: SBI has reached a housing loan book of Rs 8 trillion and aims to grow its mortgage book to Rs 10 trillion by March 2027, according to its Chairman, C S Setty
Over the past few years, Aditya Birla Group has also adopted a closer-to-the-end-consumer approach, with an expanded presence in jewellery, fashion retail, real estate, and paints
With industry focus shifting to volume growth in the closing quarter of the year, the likelihood of substantial price hikes in the near-term remains low due to the continued high competitive pressure
Aditya Birla Group's UltraTech Cement acquired 55.49% stake in India Cements and 8.69% stake in Star Cement for Rs 851 crore in 2024
A combined 4.62 million equity shares, representing 6.7 per cent of total free-float equity of Heidelberg Cement India, have changed hands on the NSE and BSE thus far in trades
Goldman Sachs reportedly has maintained a 'Buy' rating and increased its target price to Rs 12,580, up from Rs 12,460, citing volume recovery and lower costs contributing to margin improvement
India's largest cement maker beats analyst estimates despite a 17.3% Y-o-Y fall in net
Most of the IT stocks that climbed on Thursday were outside the benchmark Sensex or the Nifty
Stock Market LIVE on Thursday, January 23, 2025: At 7:17 AM, GIFT Nifty futures were trading 63 points lower at 23,136, indicating a lower start for the bourses
Going forward, UltraTech expects to generate a sustainable volume growth of 7- 8% on likely government focus on infrastructure and housing projects, alongside increased rural and urban demand.
The uptick in the UltraTech Cement share price came in anticipation of Q3 results, which will be announced later in the day