Ultratech (UTCEM) reported Q3FY18 earnings below our expectation due to lower than expected realisations. Though it missed our realisations estimates, a big positive surp..
Grasim Industries has said that it has received green nod for expanding the production of man-made fibre VSF at Bharuch, Gujarat that would entail an investment of Rs 2,5..
* UltraTech Cement’s (UTCEM) Q3FY18 result was below estimates with EBITDA at Rs11.5bn (vs. estimated Rs12.3bn) and EBITDA/tn at Rs739 (estimated Rs868). Volume gro..
Ultratech Cement earnings were ahead of our estimates. Volumes are not comparable with last year due to amalgamation of cement assets of Jaiprakash Associates but volumes..
Low-cost acquisition in the UAE aligns well with long-term strategy
* In-line results: SRCM reported healthy volume growth of 8% YoY, led by a favourable base (3QFY17..
NCLI (Nagarjuna Cement Ltd Industries) has recently completed its capex in both its leading verticals of cement (0.7 MTPA) and particle boards (30,000 TPA). Post this the..
Star Cement's three promoters sold 3.34 percent stake in the firm for Rs 182 crore, through open market transactions, reported PTI. According to the bulk deal data av..
India's UltraTech Cement Ltd, part of the Aditya Birla Group, on Thursday posted a 23 percent drop in third-quarter profit, hurt by rising pet coke and coal prices.
STOCK IN FOCUS
* J.K. Cement (JKC) gained ~1.5% in yesterday’s trade defying the midcap selloff on the expectation of healthy traction ahead due to improving uti..
Ambuja Cements Limited
AMBUJACEM is likely to witness fresh surge after consolidating around the support zone of multiple moving average. We suggest using any dip in t..
Grasim Industries has said that Aditya Birla Group's Birla Cellulose has launched its premier international design studio in New York, USA. At the opening ceremony, M..
* Company’s revenues for Q3FY18 reported an improvement of 25% YoY, in line with our estimates. Growth in revenues was led by 8.4% YoY improvement in cement volumes..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
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Market Quote by Mr. Nagaraj Shetti, HDFC securities 13 December 2019
Gold, Silver, Crude Oil, Copper, Nickel, Zinc Commodity Report of 13 December 2019 By Geojit Financial
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