Public sector lender Punjab & Sind Bank said it has declared the account of IL&FS Transportation Network with total dues of Rs 149.98 crore as fraud
UltraTech Cement on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore
Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.
Led by its dominant size and highly efficient operations, anlaysts believe that UltraTech Cement stands out as the best candidate to play recovery in the cement sector.
Following around 10 per cent YoY growth in volumes in Q3FY21, Motilal Oswal Securities expects the sector's volumes to grow around 20 per cent YoY in Q4FY21
The company said it is contemplating listing of the Notes on the Singapore Stock Exchange, subject to market conditions
A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors.
SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020
The huge thrust on infrastructure spending by the government in the Budget 2021-22 bodes well for construction materials such as cement and steel
Ability to penetrate distribution network and creating brand equity key challenges, say analysts
India VIX ticked up 4 per cent
The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research
The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020
Increased sales on pick-up in demand helped strengthen bottomline
In the past one week, most of the frontline cement stocks have outperformed the market and risen more than 4 per cent, as compared to 1.2 per cent rise in the S&P BSE Sensex
The three basic charts are: Line charts, Bar charts, and candlestick charts
UltraTech Cement on Tuesday said it has raised Rs 1,000 crore through allotment of non-convertible debentures (NCDs) on private placement basis
With valuations at a premium, brokerages highlight the need for caution
This will not impact positive sentiment in the sector, say analysts
India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said