UltraTech Cement
Motilal Oswal’s top midcap, large cap stock picks: COVID recedes, demand improves, but watch earnings risk
Nifty 50 index surged over 6% in May, posting a record closing high. The gains in the 50-stock index were fuelled by strong FII inflows in the second half of the month and steady decline in daily COVID-19 cases
Penna Cement IPO soon, files DRHP with SEBI for Rs 1,550 crore public issue
Cement producer Penna Cement has filed its draft red herring prospectus with the Securities and Exchange Board of India for an IPO worth Rs 1,550 crore.
Ultratech Cement rating – Buy: A strong performance by firm in Q4FY21
Volume growth of 5% y-y in FY21 well ahead of the industry; FY22/23e Ebitda up 1/2%; TP raised to Rs 7,900; ‘Buy’ maintained
Analyst Corner: UltraTech Cement – Maintain ‘reduce’, revise FV to Rs 6,300
With a strong balance sheet and management’s focus on RoE expansion, dividend payout has upside risk.
Nirma Group cement company Nuvoco Vistas files IPO papers with SEBI; plans to launch Rs 5,000 cr public issue
Nirma group cement company Nuvoco Vistas Corporation Ltd has filed a draft red herring prospectus with capital markets regulator SEBI to launch an IPO worth Rs 5,000 crore
Stocks in focus: HDFC Bank, Reliance Capital, TCS, UltraTech Cement, L&T, VA Tech Wabag, IDFC First Bank
Nifty futures were trading 40 points or 0.27 per cent down at 14,889 on Singaporean Exchange, suggesting a gap-down start for Sensex and Nifty on Wednesday
5 cement stocks that may rally 12% in 2 months; check stop loss, weightage, other details
The brokerage firm noted that India’s cement industry has shown resilience amid the phase-wise opening up of the economy in a seasonally weak quarter.
Stocks in focus: HDFC, Grasim Industries, SAIL, Future Retail, Vedanta, SpiceJet, Tata Steel
A total of 642 companies including Vedanta, SpiceJet, Future Enterprises, Max India, Kalyani Forge, Kilitch Drugs and Liberty Shoes are scheduled to announce their quarterly earnings today.
Jaiprakash Associates shares soar 18% intraday on cement biz deal
Shares of Jaiprakash Associates surged as much as 17.67 per cent on Friday after the company announced part sale of its cement business to the Kumaramangalam Birla-led Ultratech
Cement stocks end mixed; ACC down, JK Cement up
Cements stocks which surged upto 56 per cent in March 2016 were trading in red in the noon trade on Tuesday due to profit booking.
If govt relaxes rules for cement plants, it has to do the same for telecom
Given the spate of cement deals that have fallen by the wayside over the past few months – Aditya Birla’s Ultratech called off deal to buy Jaiprakash Associates' cement plants in Madhya Pradesh last month, as did Birla Co
Ultratech-JPA deal creates strategic sense: Motilal Oswal
Ultratech Cement (UTCEM) entered into an MoU with JPA for 22.4mt (clinker 16.2mt) of cement assets at a valuation of Rs 165 billion.
Cementing deal: UltraTech buys JP Group’s plants for Rs 17,000 cr
Aditya Birla Group firm UltraTech on Sunday announced acquisition of debt-ridden JP Group’s cement plants for Rs 16,500 crore, making it the biggest deal in the sector.
UltraTech calls off deal for Jaypee cement units
The Aditya Birla Group’s UltraTech Cement on Friday said it has called off its deal to buy Jaiprakash Associates’ two cement assets in Madhya Pradesh for Rs 5,400 crore...
Ultratech-JAL cement deal fails on lack of regulatory approval
The Rs 5,400-crore deal between India's largest cement maker Ultratech and Jaiprakash Associates (JAL) to acquire the latter's two cement plants has been called off on account of lack of regulatory approvals.
Compat’s ruling on CCI only cements dispute contours
Compat also directed the CCI to refund the 10% of the penalty amount the companies had to deposit with the fair trade regulator.
UltraTech Cement reports 3% rise in Q2 consolidated net profit
UltraTech Cement announced its results for the second quarter ended September 30, 2015 on Monday.
CREDAI NCR not to buy cement from Ultratech, Lafarge
Real estate developers body CREDAI's NCR chapter has decided against buying cement from Ultratech and Lafarge, alleging that the firms are indulged in cartelisation and malpractices.
As stock markets fall, here are 5 buying opportunities
We look at stocks which have corrected enough to become fundamentally attractive, and have earnings upside were current macro conditions to stay.
UltraTech well placed to take part in next round of growth: Kumar Mangalam Birla
Birla said the acquisition of the Gujarat units of Jaypee Cement, which comprise an integrated unit at Sewagram and a grinding unit at Wanakbori with a combined capacity of 4.8 mtpa, is complete
Kotak Institutional Equities maintain sell rating on Ultratech Cement
A weak quarter; stock price demanding at current levels
