Page 5 - Ambuja Cements

Stocks to Watch: RIL, Ambuja Cements, Torrent Power, Easy Trip, Banks

Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.

Ambuja Cements to invest Rs 3,500 cr for raising cement grinding capacity

Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 million tonnes across our existing grinding units at Sankrail and Farakka and at a greenfield (fresh) location at Barh, in Bihar," Neeraj Akhoury, CEO of Holcim India and MD & CEO of Ambuja Cements, said in an earnings statement. This is supported by a 3.2-million tonne brownfield (existing) clinker expansion at the company's existing integrated plant in Bhatapara, Chhattisgarh, he added. Ambuja Cements Ltd is one of the leading cement companies in India and is active in four business segments cement, aggregates, ready-mix concrete, and solutions & products. Currently, Ambuja Cement has an annual cement production capacity of 31 million tonnes with six ...

Sensex falls 105 pts amid mixed global cues; Adani Green gains 6%, HDFC 2%

HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today

Chart Check: Ambuja, India Cements range-bound; UltraTech can gain up to 8%

Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.

Ambuja Cements third quarter net profit up 10.9% at Rs 891 crore

Over the outlook, Ambuja Cements said, domestic activity in India is on an improving trend with the reduction in COVID-19 cases and supported by the increased pace of vaccinations.

Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

Switzerland-based Holcim group losing share in Indian cement market

Swiss multinational is now a distant second in the country's cement market, behind Ultratech

Analysts bullish on cement stocks on sustained demand, price hikes

Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.

Indian biggest fuel retailers gearing up for rural-led economic rebound

The increasing economic importance of India's hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside

Ambuja Cements consolidated net rises 24% to Rs 732 cr in December quarter

'Margin expanded by 410 bps during the quarter and 480 basis points for the full year backed by strong performance in price, volume and costs,' says CEO

Top stock picks by Ajit Mishra: Buy Ambuja Cements, Motherson Sumi

Ambuja Cement surged almost vertically from the support zone of the medium-term moving average (100 EMA) on the daily chart and made a new record high as well

Ambuja, ACC rally up to 10% on renewal of tech fees agreement with Holcim

In the past three weeks, Ambuja Cements and ACC had underperformed the market by falling 10 per cent and 9 per cent respectively, against 4 per cent decline in the benchmark index, till Wednesday

Rebound in demand helps UltraTech Cements lead over peers in Sept qtr

Ambuja, ACC also put up good showing, which has led to a significant earnings upgrade for the trio

MARKET: Maruti, HDFC help Sensex settle 127 pts higher; Nifty tops 11,900

All that happened in the markets today

Ambuja Cements reports 51% rise in net profit at Rs 804 cr in Sept qtr

The company, which follows January-December financial year, had clocked a net profit of Rs 533.85 crore in the year-ago period, Ambuja Cements said in a BSE filing

Cement stocks rise; UltraTech, ACC gain 3%, Ambuja Cements hits 52-wk high

Analysts at Emkay Global Financial Services remain positive on the cement sector and expects industry volume to start improving from the January-March quarter (Q4FY21)

Market Ahead, July 24: All you need to know before the opening bell

Today, a total of 71 companies including ITC, Asian Paints, and Ambuja Cements are scheduled to announce their quarterly results

Cement's strength will be tested if demand, volumes fail to pick up

Firm realisation and lower costs bode well for profitability

New appointment of MDs at ACC, Ambuja Cements to streamline business

At ACC, Sridhar Balakrishnan, former chief commercial officer (CCO), has been elevated as the CEO and MD while Akhoury continues as a director on ACC's board.

Realisations still under pressure for cement firms as demand remains muted

With growth having shrunk 0.5 per cent year-on-year during FY20 so far, as per latest estimates, price recovery seems distant