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Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd According to Motilal Oswal Financial Services Ltd. (MOFSL) report, the Indian cement industry is expected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex, and sustained momentum in the real estate and housing sectors. Industry volumes grew by 3-5% year-on-year (YoY) during October-November 2024, despite a challenging October due to unseasonal rains, a high base from the previous year, and the overlap of festive seasons. Notably, ...
Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd
Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-20 03:12:02 pm
Indian cement industry poised for robust recovery in 2nd half of FY25  The Indian cement industry is projected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex and sustained momentum in the real estate and housing sectors, a Motilal Oswal Financial Services Ltd. (MOFSL) report said on Friday.  Industry volumes grew by 3-5 per cent year-on-year (YoY) during October-November 2024, despite a challenging October due to unseasonal rains, a high base from the previous year, and the overlap of fe...
Indian cement industry poised for robust recovery in 2nd half of FY25
Indian cement industry poised for robust recovery in 2nd half of FY25
Source: IANS
2024-12-20 02:29:24 pm
Investec initiates `Buy`rating for Ambuja Cements with target price of Rs 950 Global banking and wealth management group Investec on Wednesday initiated a ‘BUY’ rating for Ambuja Cements with a target price of Rs 950 from Rs 577 apiece, which is an impressive 65.1 per cent return as projected.  In a note, Investec wrote that it “finds comfort in management, reaffirming its growth goals, cost/synergy targets and on-going initiatives to achieve the same”. “Factoring growth pipeline, lease expires (Lease wins reveal the horse to ri...
Investec initiates `Buy`rating for Ambuja Cements with target price of Rs 950
Investec initiates `Buy`rating for Ambuja Cements with target price of Rs 950
Source: IANS
2024-12-18 10:17:39 am
Comment on Ambuja Cement`s partnership with Coolbrook by Viswajit Srinivasan, a senior banker and sustainable finance expert Below the Comment on Ambuja Cement`s partnership with Coolbrook by Viswajit Srinivasan, a senior banker and sustainable finance expert   India is the second largest cement producer globally, after China and produces nearly 10% of the global production. Cement production contributes to 7-8% of CO2 emissions globally and over 6% of emissions in India. The industry has traditionally had a huge dependence on fossil fuels and this is why the RotoDynamic Heater (RDH), a patented tec...
Comment on Ambuja Cement`s partnership with Coolbrook by Viswajit Srinivasan, a senior banker and sustainable finance expert
Comment on Ambuja Cement`s partnership with Coolbrook by Viswajit Srinivasan, a senior banker and sustainable finance expert
Source: PR Agency
2024-12-03 04:40:08 pm
Ambuja Cements zooms on partnering with Coolbrook to leverage zero-carbon heating tech Ambuja Cements is currently trading at Rs. 569.30, up by 30.35 points or 5.63% from its previous closing of Rs. 538.95 on the BSE. The scrip opened at Rs. 541.30 and has touched a high and low of Rs. 571.75 and Rs. 539.60 respectively. So far 255277 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 706.85 on 02-Jul-2024 and a 52 week low of Rs. 452.90 on 21-Nov-2024. Last one week high and low of the scrip stood a...
Ambuja Cements zooms on partnering with Coolbrook to leverage zero-carbon heating tech
Ambuja Cements zooms on partnering with Coolbrook to leverage zero-carbon heating tech
Source: Accord Fintech
2024-12-03 03:18:41 pm
Buy Ambuja Cements Ltd For Target Rs.710 By Motilal Oswal Financial Services Ltd Potential to deliver strong growth; valuation attractive * Ambuja Cement (ACEM) has corrected ~30% in the last 4-5 months amid concerns of a demand slowdown in the sector, persistent pricing pressure across markets, and allegations by the US Department of Justice and US SEC on directors of Adani group. Adani group has denied the allegations and termed them baseless. * In Jan’23, ACEM stock had corrected ~40% in one month after a Hindenburg research report alleged Adani group comp...
Buy Ambuja Cements Ltd For Target Rs.710 By Motilal Oswal Financial Services Ltd
Buy Ambuja Cements Ltd For Target Rs.710 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-03 02:14:10 pm
Ambuja Cements partners Finland-based Coolbrook towards Net Zero goals In a bid to achieve its Net Zero goals, Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, on Monday said it has entered into a strategic partnership with Finland-based technology and engineering company Coolbrook.  As part of the partnership, Ambuja will implement Coolbrook’s proprietary RotoDynamic Heater (RDH) technology to significantly reduce its fossil fuel dependence and carbon emissions. By harnessing renewable electricity for...
Ambuja Cements partners Finland-based Coolbrook towards Net Zero goals
Ambuja Cements partners Finland-based Coolbrook towards Net Zero goals
Source: IANS
2024-12-03 09:09:22 am
Adani Group stocks rebound as Sensex and Nifty surge Stocks of the Adani Group companies rebounded on Friday, led by Ambuja Cements and ACC Ltd, after witnessing a sharp sell-off amid US government department allegations, which the Group has vehemently denied as "baseless".   Ambuja Cements and ACC led gains, rallying 3.81 per cent and 3.30 per cent, respectively. Shares of flagship company Adani Enterprises went up by 2.12 per cent and Adani Ports and Special Economic Zone gained 2.09 per cent. Adani Total Gas and NDTV ...
Adani Group stocks rebound as Sensex and Nifty surge
Adani Group stocks rebound as Sensex and Nifty surge
Source: IANS
2024-11-22 04:36:10 pm
Ambuja Cements drives community-led plastic waste management in Vadnagar Ambuja Cements, the cement and building material company of the diversified Adani Group, with the support of its CSR team has been a key player in promoting sustainable waste management practices at Vadnagar village, in Gir Somnath district of Gujarat. As part of the Lighthouse Initiative, the company’s CSR team and Vadnagar Gram Panchayat have mobilised the local community to take charge of plastic waste management by forming a Self-Help Group (SHG) of waste collectors. The SHG has ...
Ambuja Cements drives community-led plastic waste management in Vadnagar
Ambuja Cements drives community-led plastic waste management in Vadnagar
Source: PR Agency
2024-11-21 01:45:09 pm
Buy Ambuja Cements Ltd For Target Rs. 634 By Choice Broking Ltd Ambuja Cements Ltd. Q2FY25 volumes came at INR8.7mnt, up 14.8% YoY but down 6.5% QoQ, driven by high acceptance of premium products and Offering value added solutions beyond cement. Revenue for quarter came at INR42,132mn, up 6.1% YoY but down 6.7% QoQ. EBITDA/t for the quarter came at INR782/t, down 23.3% YoY but up 12.6% QoQ. The YoY decline in EBITDA/t was mainly led by Raw material cost. PAT for quarter stood at INR5,007mn, down 22.2% YoY and 12.3% QoQ. EPS for the quarter was INR2.0. ...
Buy Ambuja Cements Ltd For Target Rs. 634 By Choice Broking Ltd
Buy Ambuja Cements Ltd For Target Rs. 634 By Choice Broking Ltd
Source: Choice Broking
2024-11-12 03:02:01 pm
Sell Ambuja Cements Ltd For Target Rs.471 By Yes Securities Ltd Result Synopsis In 2QFY25, ACL’s consolidate numbers were better than other peers. Revenue/ EBITDA/ Volume/ Realization/ EBITDA per tonne is broadly in line with our estimates. Revenue up by 1.2% YoY ( -9.6% QoQ), is 4% ahead of our estimate. Higher revenue despite seasonal impacts led by better realization and volume numbers. Volumes up by 9.1% YoY (-10% QoQ), is 1.4% ahead of our estimate. Realization down by 7.2% YoY (flattish QoQ), is 2.6% ahead of our estimates. EBITDA in absolu...
Sell Ambuja Cements Ltd For Target Rs.471 By Yes Securities Ltd
Sell Ambuja Cements Ltd For Target Rs.471 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-12 02:29:31 pm
Buy Ambuja Cements Ltd For Target Rs. 750 By Motilal Oswal Financial Services Ltd Announced acquisition of 46.8% stake in Orient Cement Consolidated capacity will increase to 97mtpa post-acquisition * Ambuja Cement (ACEM) has announced the purchase of a 46.8% stake (37.9% from promoters and 8.9% from other public shareholders) of Orient Cement (ORCMNT) at a price of INR395.4 per share. The acquisition cost works out to be USD115/t (on the current operational capacity). * ORCMNT has two integrated cement plants and one grinding unit operational, with an aggregate clin...
Buy Ambuja Cements Ltd For Target Rs. 750 By Motilal Oswal Financial Services Ltd
Buy Ambuja Cements Ltd For Target Rs. 750 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-01 12:13:14 pm
Ambuja Cements delivers a steady performance in Q2 FY`25 Ambuja Cements, the most trusted legacy cement brand, one of India’s largest cement and building materials company and part of the diversified Adani Group today announces steady financial performance for Q2 and first half-year(H1) of FY’25. This performance is supported by healthy volume growth, increasing scale of operations, value extraction of acquired assets, enhanced cost leadership, improved operational efficiencies and group synergies.  Mr. Ajay Kapur, Whole Time Di...
Ambuja Cements delivers a steady performance in Q2 FY`25
Ambuja Cements delivers a steady performance in Q2 FY`25
Source: PR Agency
2024-10-29 12:22:19 pm
Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2 Ambuja Cements, the cement and building material company of the diversified Adani Group, on Monday, reported the highest quarterly revenue of Rs 7,516 crore in Q2 FY25, up 1 per cent (year-on-year).  The company saw volume growth of 9 per cent YoY, at 14.2 million tonnes per annum (MTPA), the highest volume in the Q2 series in the last five years. The net worth increased by Rs 450 crore during the quarter and stands at Rs 59,916 crore. The company remains debt-free and continues to...
Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2
Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2
Source: IANS
2024-10-28 05:00:39 pm
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2 Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).  The company clocked volume growth of 15 per cent (year-on-year), at 9.3 million tonnes – the highest volume in Q2 series in the last 5 years. Operating EBITDA was at Rs 436 crore while net worth increased to Rs 16,725 crore, according to ACC Ltd, a subsidiary of Ambuja Cements. "Our perf...
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Source: IANS
2024-10-25 10:33:03 am
Adani acquires Orient Cement at INR 8,100 crore equity value Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. “This timed acquisition mark...
Adani acquires Orient Cement at INR 8,100 crore equity value
Adani acquires Orient Cement at INR 8,100 crore equity value
Source: Reuters
2024-10-22 09:37:27 am
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative In yet another feat for the Adani Group, three portfolio companies -- Adani Enterprises (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements -- have joined the World Economic Forum’s (WEF) 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster, it was announced on Monday.  The Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planne...
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
Source: IANS
2024-10-01 09:01:19 am
Ambuja Cements launches new After School Programme to help nurture future athletes of India Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, is committed to empowering the youth of India. Through CSR efforts, the Company has recently launched a new After School Programme across its operational areas. This programme, designed to identify and nurture sporting talent, has so far been implemented at Ambuja Cements-supported schools around its Bathinda, Chandrapur, Darlaghat and Nalagarh plants. The After School Programme, in collaboration w...
Ambuja Cements launches new After School Programme to help nurture future athletes of India
Ambuja Cements launches new After School Programme to help nurture future athletes of India
Source: PR Agency
2024-09-16 03:02:12 pm
Adani Group honoured in TIME’s World’s Best Companies of 2024 Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.  The list was prepared in collaboration with Statista, a global industry ranking and statistics portal.  Notably, eight out of 11 listed Adani portfolio companies were considered in the evaluation, reflecting a comprehensive performance across the group. The other three listed companies are subsid...
Adani Group honoured in TIME’s World’s Best Companies of 2024
Adani Group honoured in TIME’s World’s Best Companies of 2024
Source: IANS
2024-09-14 09:05:14 am
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements  An Adani Group-owned company is selling shares worth $500 million in Ambuja Cements, according to a term sheet seen by Reuters on Thursday. The holding company, Holderind Investments, is selling a 2.84% stake in the cement company on Friday, with the floor price of the sale set at 600 rupees per share. The sale is at a 5% discount to Thursday's closing price of 631.8 rupees. Adani Group had a 70.33% stake in Ambuja as of June 30, according to exchange data. Holderind's ...
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements
Source: Reuters
2024-08-23 09:15:44 am
Ambuja Cements soars on completing acquisition of Penna Cement Industries Ambuja Cements is currently trading at Rs. 640.65, up by 18.90 points or 3.04% from its previous closing of Rs. 621.75 on the BSE. The scrip opened at Rs. 628.85 and has touched a high and low of Rs. 641.50 and Rs. 623.45 respectively. So far 50818 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 706.85 on 02-Jul-2024 and a 52 week low of Rs. 404.00 on 01-Nov-2023. Last one week high and low of the scrip stood at...
Ambuja Cements soars on completing acquisition of Penna Cement Industries
Ambuja Cements soars on completing acquisition of Penna Cement Industries
Source: Accord Fintech
2024-08-16 03:41:40 pm
Reduce Ambuja Cements Ltd For Target Rs.707 By Choice Broking Ltd Ambuja Cements Ltd. Q1FY25 volumes came at INR9.3mnt, down 2.1% QoQ but up 2.4% YoY, driven by high acceptance of premium products and Offering value added solutions beyond cement. Revenue for quarter came at INR45,157mn, down 5.5% QoQ and 4.5% YoY. Company had achieved above 79% utilization for Q1FY25. EBITDA/t for the quarter came at INR695/t, down 17.3% QoQ and 33.5% YoY. The decline in EBITDA/t was mainly led by lower realizations. Realization lower by 7% (INR249 vs INR267/bag) mainly due...
Reduce Ambuja Cements Ltd For Target Rs.707 By Choice Broking Ltd
Reduce Ambuja Cements Ltd For Target Rs.707 By Choice Broking Ltd
Source: Choice Broking
2024-08-12 11:42:16 am
Reduce Ambuja Cements Ltd For Target Rs. 707 By Choice Broking Ltd Ambuja Cements Ltd. Q1FY25 volumes came at INR9.3mnt, down 2.1% QoQ but up 2.4% YoY, driven by high acceptance of premium products and Offering value added solutions beyond cement. Revenue for quarter came at INR45,157mn, down 5.5% QoQ and 4.5% YoY. Company had achieved above 79% utilization for Q1FY25. EBITDA/t for the quarter came at INR695/t, down 17.3% QoQ and 33.5% YoY. The decline in EBITDA/t was mainly led by lower realizations. Realization lower by 7% (INR249 vs INR267/bag) mainly due...
Reduce Ambuja Cements Ltd For Target Rs. 707 By Choice Broking Ltd
Reduce Ambuja Cements Ltd For Target Rs. 707 By Choice Broking Ltd
Source: Choice Broking
2024-08-07 11:41:18 am
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar Ambuja Cements, part of the diversified Adani Portfolio, on Saturday announced to invest Rs 1,600 crore to set up a 6 MTPA cement grinding unit in Bihar.  Aimed at boosting infrastructure, the Warisaliganj Cement Grinding Unit is likely to contribute approximately Rs 250 crore per year to the state’s fiscal revenue and creating 250 direct and 1,000 indirect jobs for the state. “This investment by the Adani Group is a testament to Bihar’s growth potential and our c...
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar
Source: IANS
2024-08-03 04:13:05 pm
Ambuja Cements achieves sustainable performance in Q1 FY`25 Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, has announced sustainable results for Q1 FY’25, supported by cost leadership, improved efficiencies and growth. Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We have delivered another sustainable performance and our focus on innovation, digitisation, customer satisfaction and ESG is at the heart of our success. Our persistent performance sets the tone for...
Ambuja Cements achieves sustainable performance in Q1 FY`25
Ambuja Cements achieves sustainable performance in Q1 FY`25
Source: PR Agency
2024-07-31 02:41:34 pm
Ambuja Cements` CSR efforts help vegetable farmer become a millionaire in rural Nagpur Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, continues to empower rural communities and promote sustainable agriculture practices. Through CSR efforts, and a focus on fostering sustainable livelihoods, it has met with immense success through initiatives including the Improved Agriculture Project. This project, which focusses on training, access to improved seeds, and sustainable agricultural techniques, has brought about significant transformati...
Ambuja Cements` CSR efforts help vegetable farmer become a millionaire in rural Nagpur
Ambuja Cements` CSR efforts help vegetable farmer become a millionaire in rural Nagpur
Source: PR Agency
2024-07-30 03:18:26 pm
Neutral Ambuja Cements Ltd For Target Rs. 640 By Motilal Oswal Financial Services Penna Cement to strengthen market share in south South market share to increase by 8pp to ~15% * Ambuja Cements (ACEM) announced the acquisition of 100% stake in Penna Cement (PCIL) at an enterprise value (EV) of INR104.2b. This will increase ACEM consol. operational capacity to 89mtpa. The acquisition will be funded through internal accruals and is estimated to be completed within 3-4 months. * PCIL has four integrated cement plants and two grinding units operational, with an aggre...
Neutral Ambuja Cements Ltd For Target Rs. 640 By Motilal Oswal Financial Services
Neutral Ambuja Cements Ltd For Target Rs. 640 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-08 04:07:09 pm
Neutral Ambuja Cements Ltd For Target Rs.640 By Motilal Oswal Financial Services Cost structure improves; capacity expansion drives growth The key highlights of ACEM’s FY24 annual report: 1) initiated capacity expansion projects of 20mtpa spread across regions to increase its capacity to 100mtpa by FY26-end; 2) aggressively expanding its green energy portfolio with investments of INR100b and planning to increase green energy share to ~60% by FY28 from ~16% currently; and 3) maintains a positive outlook on the Indian cement industry and expects demand growth of ~...
Neutral Ambuja Cements Ltd For Target Rs.640 By Motilal Oswal Financial Services
Neutral Ambuja Cements Ltd For Target Rs.640 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-08 03:29:52 pm
Adani Group eyes $100 bn capex in next decade with focus on energy transition, digital infra: Jefferies The Adani Group is eyeing $100 billion of capex over the next decade with major outlays on energy transition projects and digital infrastructure for the next leg of growth, a Jefferies report said on Friday.  At an investors’ meet, the Adani Group management outlined a strong FY24 operating performance -- a 27 per cent CAGR for five years -- and an improved leverage profile across businesses. The Adani Portfolio achieved $10 billion EBITDA (including operating income) in FY24...
Adani Group eyes $100 bn capex in next decade with focus on energy transition, digital infra: Jefferies
Adani Group eyes $100 bn capex in next decade with focus on energy transition, digital infra: Jefferies
Source: IANS
2024-06-22 08:56:18 am
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives  Ambuja Cements and ACC Limited, the cement and building material companies of the Adani Portfolio, on Friday said they are excited to unveil their commitment towards innovation that will redefine the construction landscape through a series of visionary digital initiatives.  The cement and building material companies are at the forefront of facilitating swift decision-making and improved customer service by leveraging Artificial Intelligence (AI), Internet of Things (IoT), video ...
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives
Source: IANS
2024-06-21 02:11:28 pm
Adani Group's Ambuja Cements acquires Penna Cement for Rs 10,422 crore Ambuja Cements, the leading Adani Group company, on Thursday announced the acquisition of 100 per cent stake in Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore, as the cement and building material major aims to reach its target capacity of 140 MTPA (million tonnes per annum) by 2028.  Ambuja Cements would acquire the 100 per cent stake from Hyderabad-based PCIL promoter group P. Pratap Reddy and family. The acquisition, to be funded by internal accrual...
Adani Group's Ambuja Cements acquires Penna Cement for Rs 10,422 crore
Adani Group's Ambuja Cements acquires Penna Cement for Rs 10,422 crore
Source: IANS
2024-06-14 09:14:50 am
Stock Picks : Hindustan Unilever Ltd And Ambuja Cement Ltd By ICICI Direct Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @ 2562-2565 Target 2592.00 Stop Loss 2549.00   Ambuja Cement Ltd Buy Ambuja Cement Ltd @ 638-640 Target 647.00 Stop Loss 635.70
Stock Picks : Hindustan Unilever Ltd And Ambuja Cement Ltd By ICICI Direct
Stock Picks : Hindustan Unilever Ltd And Ambuja Cement Ltd By ICICI Direct
Source: ICICI Direct
2024-06-11 10:36:41 am
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment Ambuja Cements Limited and ACC Limited, the cement and building material companies of the diversified Adani Portfolio, are proud to be recognised for their climate change mitigation commitments by being honoured with a ‘Leadership Score’ of ‘A-’ during the CDP Climate Assessment 2023 in the Climate Change category.   Ambuja Cements and ACC received the honours at a joint ceremony held by CDP and FICCI in New Delhi, recently. For both the Companies to secure ...
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment
Source: PR Agency
2024-06-10 03:08:11 pm
Adani Group stocks end higher for third straight day Adani Group's stocks ended with robust gains on Friday, rising for the third consecutive day.   ACC, Adani Enterprises, Adani Port, Adani Power, Ambuja Cement, Adani Total Gas, Adani Wilmar, and NDTV closed with gains, while only Adani Green's shares ended flat on Friday. Adani Enterprises’ stock went up by 1.1 per cent, Adani Ports and SEZ saw a gain of 1.9 per cent, Adani Total Gas was up by 1.08 per cent, NDTV climbed 4.85 per cent, while Adani Energy Solutions ros...
Adani Group stocks end higher for third straight day
Adani Group stocks end higher for third straight day
Source: IANS
2024-06-08 09:14:50 am
Shares of Adani Portfolio companies rebound, led by Adani Green The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.  Nine of the 10 listed Adani companies ended with gains, led by Adani Green Energy at 11.01 per cent, and Adani Ports and Special Economic Zone at 8.59 per cent.  Ambuja Cements jumped 7.47 per cent and the flagship Adani Enterprises zoomed up 6.02 per cent. While ACC stock went up 5.20 ...
Shares of Adani Portfolio companies rebound, led by Adani Green
Shares of Adani Portfolio companies rebound, led by Adani Green
Source: IANS
2024-06-05 05:46:46 pm
Stock Picks : Ambuja Cement Ltd. And Hindustan Unilever Ltd. By ICICI Direct Ambuja Cement Ltd. Buy Ambuja Cement Ltd. @642-644 Target 651.80 Stop Loss 639.40   Hindustan Unilever Ltd. Buy Hindustan Unilever Ltd. @ 2375-2378 Target 2404.00 Stop Loss 2364.20   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  
Stock Picks : Ambuja Cement Ltd. And Hindustan Unilever Ltd. By ICICI Direct
Stock Picks : Ambuja Cement Ltd. And Hindustan Unilever Ltd. By ICICI Direct
Source: ICICI Direct
2024-05-24 10:13:16 am
Ambuja Cements edges higher on reporting 99% rise in Q4 consolidated net profit Ambuja Cements is currently trading at Rs. 620.70, up by 1.00 points or 0.16% from its previous closing of Rs. 619.70 on the BSE. The scrip opened at Rs. 616.95 and has touched a high and low of Rs. 626.50 and Rs. 609.70 respectively. So far 199882 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 649.00 on 25-Apr-2024 and a 52 week low of Rs. 376.00 on 03-May-2023. Last one week high and low of the scrip stood at...
Ambuja Cements edges higher on reporting 99% rise in Q4 consolidated net profit
Ambuja Cements edges higher on reporting 99% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-02 12:36:21 pm
Adani Group`s Ambuja Cements clocks highest-ever PAT at Rs 4,738 crore in FY24 Ambuja Cements on Wednesday reported profit after tax (PAT) at Rs 4,738 crore for FY24 -- up by a record-setting 119 per cent (year-on-year) -- and operating EBITDA at Rs 6,400 crore, up by 73 per cent. For the fourth quarter in FY24, the cement and building materials flagship of the diversified Adani Group reported operating EBITDA at Rs 1,699 crore, up 37 per cent (on-year), with a healthy cash (and cash equivalent) at Rs 24,338 crore. "Our impressive financial performance during...
Adani Group`s Ambuja Cements clocks highest-ever PAT at Rs 4,738 crore in FY24
Adani Group`s Ambuja Cements clocks highest-ever PAT at Rs 4,738 crore in FY24
Source: IANS
2024-05-01 03:50:48 pm
Ambuja Cements gains on acquiring My Home Group's 1.5 MTPA cement grinding unit Ambuja Cements is currently trading at Rs. 639.10, up by 2.65 points or 0.42% from its previous closing of Rs. 636.45 on the BSE. The scrip opened at Rs. 644.50 and has touched a high and low of Rs. 644.50 and Rs. 635.35 respectively. So far 61630 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 644.50 on 20-Apr-2024 and a 52 week low of Rs. 376.00 on 03-May-2023. Last one week high and low of the scrip stood at ...
Ambuja Cements gains on acquiring My Home Group's 1.5 MTPA cement grinding unit
Ambuja Cements gains on acquiring My Home Group's 1.5 MTPA cement grinding unit
Source: Accord Fintech
2024-04-24 10:52:30 am
Stock of the day : Ambuja Cements Ltd For Target Rs. 655 - Religare Broking Ambuja Cements Ltd * AMBUJACEM has been in a steady uptrend from last more than 5 months and currently trading near record high levels. * It has also formed a fresh buying pivot holding above its short term moving average. * Following price action and positioning of the momentum indicator, price is set to surpass its previous swing high. * We thus recommend creating fresh longs in the mentioned range. Buy Ambuja Cements Ltd CMP 617.55 Range 615-620 SL 601; Ta...
Stock of the day : Ambuja Cements Ltd For Target Rs. 655 - Religare Broking
Stock of the day : Ambuja Cements Ltd For Target Rs. 655 - Religare Broking
Source: Religare Broking Ltd
2024-04-18 10:08:23 am
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent The Adani Family on Wednesday said it has fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 per cent. This follows the investment of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28 this year by the promoter of the company, thereby infusing a total amount of Rs 20,000 crore in Ambuja Cements post-acquisition. The funds' infusion will be instrumental to accom...
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
Source: IANS
2024-04-18 09:36:47 am
Ambuja Cements gains on inking pact to acquire My Home Group`s 1.5 MTPA cement grinding unit Ambuja Cements is currently trading at Rs. 611.60, up by 1.95 points or 0.32% from its previous closing of Rs. 609.65 on the BSE. The scrip opened at Rs. 597.55 and has touched a high and low of Rs. 615.30 and Rs. 593.20 respectively. So far 147922 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 640.95 on 04-Apr-2024 and a 52 week low of Rs. 373.30 on 21-Apr-2023. Last one week high and low of the scrip stood at...
Ambuja Cements gains on inking pact to acquire My Home Group`s 1.5 MTPA cement grinding unit
Ambuja Cements gains on inking pact to acquire My Home Group`s 1.5 MTPA cement grinding unit
Source: Accord Fintech
2024-04-15 01:50:55 pm
India`s Ultratech Cement to set aside $3.9 billion for capex over three years India's Ultratech Cement said on Tuesday it would set aside 324 billion rupees ($3.89 billion) for ongoing capital expenditure over the next three years. The move follows increased deal-making in India's cement industry since nearest rival Adani Group bought ACC and Ambuja Cements , as well as strong demand from the housing and infrastructure sectors on government spending. Ultratech also revealed on Tuesday the commissioning of two new cement units, bringing its total capacity ...
India`s Ultratech Cement to set aside $3.9 billion for capex over three years
India`s Ultratech Cement to set aside $3.9 billion for capex over three years
Source: Reuters
2024-04-03 09:13:45 am
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion Indian billionaire Gautam Adani's family infused 66.61 billion rupees (about $799 million) in Ambuja Cements, raising its stake to about 67% from 63.15%, to help ramp up the cement maker's manufacturing capacity. The family has raised its stake by converting warrants into shares, Ambuja said in an exchange filing on Thursday. The Adani family expects the cement maker to increase its manufacturing capacity to 140 million tonnes per annum (MTPA) by 2028, from 76.1 MTPA as of Dec. ...
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion
Source: Reuters
2024-03-28 02:07:00 pm
Stock Picks : Larsen& Toubro Ltd And Ambuja Cement Ltd By ICICI Direct Larsen& Toubro Buy Larsen& Toubro Ltd @ 3477-3480 ; Target 3512.00; Stop Loss 3459.00     Ambuja Cement Buy Ambuja Cement Ltd @ 600-610 ; Target 658.00; Stop Loss 581.00       Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Larsen& Toubro Ltd And Ambuja Cement Ltd By ICICI Direct
Stock Picks : Larsen& Toubro Ltd And Ambuja Cement Ltd By ICICI Direct
Source: ICICI Direct
2024-03-01 11:09:57 am
Stock Picks : Reliance Industries Ltd And Ambuja Cement Ltd By ICICI Direct Reliance Industries Ltd  Buy Reliance Industries Ltd @ 2921-2924; Target 2953.00; Stop Loss 2907.00   Ambuja Cement Ltd Buy Ambuja Cement Ltd @ 585-587; Target 593; Stop Loss 583.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  
Stock Picks : Reliance Industries Ltd And Ambuja Cement Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd And Ambuja Cement Ltd By ICICI Direct
Source: ICICI Direct
2024-02-19 10:06:12 am
Neutral Ambuja Cements Ltd For Target Rs.550- Motilal Oswal Capacity expansion up to 32mtpa under progress * ACEM (standalone) EBITDA came in at INR8.5b vs. our estimate of INR9.6b, due to higher-than-estimated opex/t (+5% vs. our estimate). EBITDA/t came in at INR1,038 (est. INR1,203) and OPM stood at 19% (vs. est. 22.5%). PAT stood at INR5.1b (20% below our estimate). Consolidated sales volume grew 3% YoY and EBITDA/t increased ~65% YoY/24% QoQ to INR1,228. * The management highlighted that ~12% of clinker capacities were under maintenance, le...
Neutral Ambuja Cements Ltd For Target Rs.550- Motilal Oswal
Neutral Ambuja Cements Ltd For Target Rs.550- Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2024-02-13 02:51:15 pm
Stock Picks : Infosys Ltd And Ambuja Cement Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @ 1671-1674; Target 1690.00; Stop Loss 1665.00   Ambuja Cement Ltd Buy Ambuja Cement Ltd @ 578-580; Target 585.50; Stop Loss 575.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Infosys Ltd And Ambuja Cement Ltd By ICICI Direct
Stock Picks : Infosys Ltd And Ambuja Cement Ltd By ICICI Direct
Source: ICICI Direct
2024-02-12 11:02:10 am