Halo Super King cement will be sold Rs 25 higher than the company's existing brand
The stock of Axis Bank underwent some profit booking and almost retested that breakout zone
The company's revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore
The company had registered standalone profits at Rs 62.02 crore during the corresponding quarter in the previous year
Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.
Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250
Analysts expect margins of cement companies to bottom out in Q3FY22, with likely recovery in demand and prices.
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
Buying was seen across the board; Micap and Smallcap indices finished with gains of 1.5 per cent each, overall breadth too was extremely positive
As on September 30, 2021, RK Damani, Gopikishan Shivkishan Damani and family collectively held 21.14 per cent stake in India Cements.
All the major cement stocks are gearing up for next upside, check the near term support and likely targets here
Despite the spike in fuel and petroleum product prices, India Cements turned out a decent show as volumes rose in the extended marketing zones
Inches close to becoming India's first sports unicorn
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
May even overtake parent company India Cements' m-cap: Experts
India Cements rallied 11 per cent to Rs 221.80 on the BSE today, trading at its highest level since February 2008
India Cements Ltd has said it hopes to pay similar levels of debt it had paid last year due to the impact of the Covid-19 pandemic.
The company's cement production saw an increase of 41 per cent during the Q1FY22 to 1.88 million tons, as against 1.34 million tonnes during the same period last year
Vice-chairman and managing director N Srinivasan, in an interview with Shine Jacob, talks about his company's limestone reserves, the controversies involving Chennai Super Kings, and more
This came on the back of strong sales.