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Mint

Contract manufacturing, in-house use part of Adani group's chip play

Adani group’s semiconductor fabrication unit in JV with Tower Semiconductor in Maharashtra’s Raigad district, is expected to pave way for the ports-to-cement conglomerate to create a foundry-model where it will make chips for consumption across its own entities but for global fabless firms as well

Mint

Stocks in focus: These three shares are among top bets by Motilal Oswal for this week

Brokerage firm Motilal Oswal has recommended three stocks - JK Cement, Havells India and Hindustan Unilever - to buy this week with decent upside move.

Business Line

JK Cement to invest ₹3,000 crore in major capacity expansion

The company plans diversification into paints and building materials, according to Dr Raghavpat Singhania, its Managing Director

The Economic Times

Buy Star Cement, target price Rs 250: Axis Securities

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8568.62 Crore) operating in Cement sector.

The Economic Times

UltraTech Cement Stocks Live Updates: UltraTech Cement Closes at Rs 11,717.95 with Significant Trading Volume

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The Economic Times

10 mid-cap stocks that mutual funds bought and sold in August

Mutual funds invested Rs 35,600 crore in Indian mid-caps in August 2024, while FIIs sold Rs 27,000 crore. Notable mid-cap buys included FirstCry, Delhivery, PNB Housing, and India Cement.

The Economic Times

​UltraTech Cement, HCL Tech among 5 stocks with short covering​

Short covering occurs when traders repurchase stocks they had borrowed and sold earlier, typically in response to changing market conditions or updated information.

Mint

Ambuja Cements share price stays in green even as it faces double blow with customs penalty and CMO arrest

Ambuja Cements, a major player in India's cement industry, is facing a perfect storm of challenges. The company has been hit with a significant customs penalty and its Chief Manufacturing Officer has been arrested on bribery charges.

Mint

JK Lakshmi Cement has the recipe for revival, but execution is key

After a solid Q4FY24, a mixed Q1FY25 show was a dampener for JK Lakhsmi, raising concerns among investors. The company is focusing on cost-saving measures and capacity expansions, but will it be enough to boost performance?

Business Standard

Adani-backed Ambuja Cement's officer arrested for bribery attempt in Odisha

Rambhav Gattu was arrested for Rs 2 lakh alleged bribery attempt in Odisha, money hidden in box of sweets handed over to govt official

The Economic Times

Add JK Cement, target price Rs 4818: ICICI Securities

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.

The Economic Times

Add ACC, target price Rs 2933: ICICI Securities

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 45896.15 Crore) operating in Cement sector.

The Economic Times

Buy Star Cement, target price Rs 257: ICICI Securities

Star Cement Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Others and Scrap for the year ending 31-Mar-2023.

The Economic Times

Buy Ambuja Cements, target price Rs 801: ICICI Securities

Ambuja Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.

The Economic Times

Adani backed Ambuja Cement's officer arrested for alleged attempted bribery, Rs 2 lakh found in sweet packet

A senior officer from Ambuja Cement, backed by Adani Group, has been arrested in Odisha for allegedly attempting to bribe a district collector. The officer, Rambhav Gattu, offered a bouquet and a packet of sweets containing Rs 2 lakh to Aditya Goyal, the Bargarh district collector. Vigilance authorities detained Gattu, and a case was filed under the Prevention of Corruption Act.

Business Standard

Should build manufacturing economy greener than China's: Tata Steel CEO

India should build a manufacturing economy which is greener than China's, with a holistic approach that involves both the government and the private sector, Tata Steel CEO T V Narendran said on Wednesday. While addressing a panel discussion at AIMA Convention here, Narendran stressed the need to make the transition to a green manufacturing economy at a fast pace, else India would lose market share. "Unlike China which built a large manufacturing economy and now is trying to make it green, India can build a large manufacturing economy which is greener than the one that China built over the last 20-30 years," he said while replying to a question on the energy transition from fossil fuel to a cleaner future driven by two sectors cement and steel. "So that's an opportunity for India. It is also a risk for India. If India does not make the transition fast enough, we will find that large economic blocks like the US, Europe and China have already made the transition and India gets locked o

The Economic Times

Don’t exit auto for a few soft months of vehicle sales; be careful about cement: Dipan Mehta

Dipan Mehta of Elixir Equities discusses the potential for soft quarters in the auto industry and advises managing expectations. He also highlights Paytm's resilience despite regulatory challenges and expresses the need to be cautious about the cement sector. Mehta notes that private sector capex is focused on startups, batteries, semiconductors, and data centers.

The Economic Times

Cement companies may have to roll back September price hike: Nuvama

Indian cement companies may need to roll back their September price hikes due to weak demand, according to a Nuvama Institutional Equities report. Demand is expected to improve from Q3FY25, driven by post-monsoon construction activities. However, current market conditions raise concerns about the sector's short-term pricing power and ability to maintain price increases.

Business Line

Share Market Highlights September 9, 2024: Sensex gains 375 pts, Nifty ends above 24,900; FMCG, banking stocks lead gains

Sensex, Nifty updates on September 9, 2024: Indian stock markets ended on a positive note on Monday. The 30-share BSE Sensex rebounded 375.61 points or 0.46 per cent to settle at 81,559.54. The index opened lower and hit a low of 80,895.05 points in early trade. Later, it recovered from lows and jumped 469.43 points or 0.57 per cent to hit the day’s high of 81,653.36. The NSE Nifty went up by 84.25 points or 0.34 per cent to finish at 24,936.40 after three days of fall. Among the 30 Sensex firms, Hindustan Unilever, ICICI Bank, ITC, Kotak Mahindra Bank, IndusInd Bank, Axis Bank, UltraTech Cement and HDFC Bank were the biggest gainers. Tech Mahindra, Tata Steel, NTPC, Tata Motors, Power Grid and Titan were among the biggest laggards.

Business Standard

Raipur BJP MP seeks govt intervention for rollback of hike in cement prices

Raipur BJP MP Brijmohan Agrawal has raised objection over the "steep" hike in cement prices by its manufacturers and demanded intervention of the Chhattisgarh government and the Centre for a rollback of the increased cost. Agrawal said the sudden increase in the cement prices by Rs 50 per sack would affect infrastructure projects, including roads, buildings, bridges, schools, colleges and the Pradhan Mantri Awas Yojana. In separate letters to Chief Minister Vishnu Deo Sai, Union Finance Minister Nirmala Sitharaman and the Competition Commission of India on September 6, Agrawal said despite Chhattisgarh being a state rich in minerals, iron, coal and energy resources, the cement manufacturers, by forming a cartel, tremendously increased the prices from September 3. The attitude of cement companies has become that of "looting" the innocent people of Chhattisgarh, he said, adding the government needs to take strict action against cement manufacturers. Mines, coal, energy, cheap ...

Mint

Prizor Viztech, UDAIPUR CEMENT WORKS & others hit 52 week low today ;Check the full list here?

Following shares hit their 52 week low today - Prizor Viztech, UDAIPUR CEMENT WORKS, Tamil Nadu Newsprint & Papers, Yasons Chemex Care, Bulkcorp International

Mint

This indicator shows why cement companies have a rough road ahead

The gap between trade and non-trade prices increased to more than ₹50 a bag in August from the normal ₹30-40 a bag, according to a Bank of Baroda Capital Markets Ltd report, indicating weak demand from the infrastructure segment.

Business Line

Markets open higher on positive global cues, lower oil prices

Major gainers on the NSE were Ultratech Cement, Shriram Finance, Tata Steel, Titan, and ITC

CNBC TV18

SEBI puts JSW Cement’s $477 million IPO in 'abeyance'

The company had filed for its IPO in August, aiming to leverage the current market conditions.

Business Standard

Markets regulator Sebi places JSW Cement's Rs 4,000 cr IPO on hold

Without specifying reasons, Sebi stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website on Monday

The Economic Times

Sebi puts on hold JSW Cement's Rs 4,000 crore IPO, approves three other issues

Capital markets regulator Sebi has put on hold the proposed Rs 4,000-crore initial public offering (IPO) of JSW Cement. Without specifying reasons, Sebi stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website on Monday.

The Economic Times

Emkay raises Nifty target to 26,000; adds 7 new stocks to model portfolio

Around seven new stocks have been added to the model portfolio and five have been dropped out. The stocks added to the model portfolio include Varun Beverages, ONGC, Larsen & Toubro, Ambuja Cements, HCL Tech, Delhivery, and ITC. The stocks which have been dropped out are Maruti Suzuki, Shree Cement, Wipro, Nestlé, and ICICI Prudential Life.

The Economic Times

Can Paytm do a Zomato? Sandip Sabharwal answers

Sandip Sabharwal evaluates various sectors including technology, sugar, defence, and cement. He notes the positive impact of lifted ethanol production restrictions, discusses the high valuations in defence stocks, and explores the future potential for SBI and changes in the cement industry due to ongoing consolidation. Sabharwal also weighs considers whether Paytm can do a Zomato.

Business Line

Gauhati High Court quashes CCI proceedings against cement companies over alleged cartelization

The CCI had earlier accused Star Cement and other cement manufacturers of engaging in collusive behaviour to manipulate cement prices in Assam and other North-East states, which allegedly resulted in higher prices compared to other regions

The Economic Times

India's iron ore production rises 9 pc to 98 million tonnes in Apr-July

The country's iron ore production increased by 8.9% to 98 million tonnes in the first four months of the fiscal year, reflecting strong demand in steel and cement industries. Other metal outputs, including limestone and manganese ore, also rose, indicating robust economic activity in key sectors such as energy, infrastructure, construction, automotive, and machinery.

Business Line

IPO bull run may continue as pace of filings gains steam

August sees a record number of IPO filings with top companies like JSW Cement and Hero Fincorp aiming to raise billions

The Economic Times

We have 0% exposure in defence stocks, have started nibbling into banks: Jyotivardhan Jaipuria

Jyotivardhan Jaipuria from Valentis Advisors shares insights on investments in bank stocks due to their undervaluation. He says, over time, one has to buy bank stocks because it is one of the few cheap places left in the market today. He discusses challenges in the cement and IT sectors, the high valuations of defense stocks, and emphasizes a long-term strategy for profitability as industries consolidate and recover.

Mint

Adani Group declares cement projects in Madhya Pradesh at net investment worth ₹3,500 crore

The Adani defence facility at Gwalior is the country's largest small arms plant and has positioned Madhya Pradesh as a global hub for small arm manufacturing

The Economic Times

Adani Group to invest Rs 3,500 cr in 2 projects in Madhya Pradesh

The Adani Group will invest `3,500 crore in Madhya Pradesh to establish a cement grinding unit in Guna and a propellant production plant in Shivpuri. These projects are expected to create over 3,500 jobs. The conglomerate has already invested more than `18,000 crore across various sectors in the state.

Business Standard

UltraTech Cement raises $500 mln via sustainability-linked loan

UltraTech Cement announced that it has raised $500 million through a sustainability-linked loan (SLL) with participation from six banks.

Mint

Stock market today: Trade setup for Nifty 50 to global markets, five stocks to buy or sell on Tuesday

Stocks to buy today: Experts have recommended five shares to buy today — Fiem Industries, Cipla, Deepak Nitrite, JK Lakshmi Cement, and Sterlite Technologies

Mint

Stocks to Watch: UltraTech Cement, AU Small Finance Bank, Vedanta, Medi Assist, Paytm and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Business Line

Stocks that will see action today: August 27, 2024

Buzzing stocks: BHEL, Ultratech Cement, HCL Tech, PI Ind, MedPlus, Medi Assist, AU Small Finance Bank, Aurobindo Pharma, Alembic Pharmaceutical

Business Standard

Adani group's Ebitda may go past Rs 1 trn in FY25 on infra, power biz

Cement, power, and green energy expected to contribute 86% to growth

Business Standard

UltraTech Cement raises $500 mn through sustainability-linked loans

The company added that the transaction marks the second sustainability-linked financing raised by UltraTech, following its inaugural sustainability-linked bond issuance in 2021