Fri, Dec 01, 2023
UltraTech Cement has scaled new heights, reaching an all-time high following its planned acquisition of Kesoram Industries' cement assets. This strategic move is expected to strengthen UltraTech's presence in the South and Western regions of India, propelling its growth trajectory. Join us as we delve into the details of this acquisition, analyze its implications for UltraTech, and explore the broader consolidation trends shaping the Indian cement industry.
UltraTech Cement share price NSE: UltraTech Cement shares clocked a fresh all-time high, continuing to rise for a second straight day, after the board of the Aditya Birla group company approved the acquisition of the cement business of Kesoram Industries in an all-stock deal valued at Rs 5,379 crore.
Wed, Nov 29, 2023
Aditya Birla group firm UltraTech Cement Ltd on Wednesday said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore.
Fri, Mar 04, 2022
Similarly, total 26 stocks from the Nifty500 index such as Ashok Leyland, Apollo Tyres, Ramco Cement, Dalmia Bharat, JK Cements, Kansai Nerolac and SBI Cards and Payment Services among others hit their respective 52-week lows
Tue, Feb 22, 2022
Even as the stock market slid below 17000 mark on Tuesday, market expert and IIFL Director Sanjiv Bhasin remains optimistc about the stock markets. Bhasin opines that the last straw in the uncertainty has already been pulled.
Tue, Jan 18, 2022
The Indian markets are likely to consolidate on Tuesday tracking muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
Mon, Jan 17, 2022
UltraTech Cement third quarter earnings surprised street by reporting positive top and bottom-line year-on-year basis, however, the margins registered a deep cut amid rising input cost on Monday.
Cement major UltraTech Cement is likely to report mute numbers on year-on-year basis, as the cost inflation may have impact on the overall realization of the company, according to the Zee Business research.
Tue, Dec 21, 2021
In a chat with Zee Business Managing Editor Anil Singhvi, Director of IIFL Securities Ltd Sanjiv Bhasin picked two stocks today and both were from the large cap segmenst.
Fri, Oct 29, 2021
Technical Analyst Nilesh Jain picks two stocks from cement sector as his intraday pick for good returns with a short-term view.
Mon, Oct 18, 2021
Ultratech Cement Limited on Tuesday reported a consolidated net sales of Rs 11,743 cr for the quarter ended 30 September 2021 versus Rs 10,264 cr reported during the corresponding period in FY21. It was up 14.4 per cent Year-on-Year (YoY)
Sun, Oct 17, 2021
Ultratech Cement Limited is expected to report a 17.3 per cent Year-on-Year (YoY) jump in its revenues at Rs 121,47.6 cr for the July-September quarter, on the back of healthy demand and robust volume growth, according to estimates by Yes Securities
The outlook for cement sector remains strong with at least two reports expressing optimism on demand situation, pricing and production. An ICRA report estimates production to go up 12 per cent to 330 mln tn in FY22
Sun, Oct 10, 2021
Ultratech Ltd has emerged as preferred bidder for Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes.
Fri, Jul 23, 2021
On the back of strong first-quarter results, the shares of UltraTech Cement on Friday hit a new life high of Rs 7630 per share, after rallying for almost 2.5 per cent on the BSE intraday trade today.
Thu, Jul 22, 2021
Ultratech Cement Guidance – The company said that it is “cautiously optimistic” about company’s outlook and was monitoring the pandemic situation closely amid the projection of a third wave. It said that the expansion plans was aslo on track and is expected to be completed ny FY23
Wed, Jun 30, 2021
Cement sector is expected to remain in focus on Wednesday. A recent report by JP Morgan on the cement sector is creating a buzz around the cement stocks. Zee Business’ Ashish Chaturvedi has this detailed report. Take a look!
Tue, May 11, 2021
Despite the decline in consolidated profit in the quarter four results, Credit Suisse and Morgan Stanley are bullish on UltraTech Cement raising and revising their price targets for bumper gains.
Mon, May 10, 2021
UltraTech cement share price today: Motilal Oswal says that UltraTech Cement 4QFY21 result was impressive on multiple counts. While volume growth remained above industry, EBITDA/unit was strong at Rs 1328/t (+18% YoY), driving 51% YoY growth in EBITDA. Net debt fell Rs 27 bn QoQ to INR67.2b (0.55x TTM EBITDA). UltraTech Cement has grown its market share further due to high clinker availability, which helped it meet strong demand for OPC cement in 4QFY21
Fri, Apr 23, 2021
Sharekhan, in its report, has highlighted that the cement industry is expected to see weak demand in April as key states like Maharashtra, Uttar Pradesh and Delhi have announced lockdowns (barring a leeway for essentials) led by rising COVID-19 cases. As per sector note dated April 15, 2021, the industry had taken price hikes in the early part of April 2021 of 4.3% mom (up 11.2% yoy) with Eastern and Southern regions seeing an 11.9% mom and 5% mom hikes
Thu, Mar 11, 2021
UltraTech Cement is expected to benefit from strong cement demand, driven by both public capex and housing sectors as highlighted by key indicators.
Wed, Feb 24, 2021
Cement companies in the Centrum coverage universe reported an average EBITDA margin of 23.8% in Q3 FY21 versus 18.4% in Q3 FY20. Healthy realisation gains of 6% YoY attributed to weak base and pricing aberration in South India with better than expected cost control helped margins improvement.
Mon, Jan 25, 2021
Sharekhan have increased their estimates for FY2021-FY2023E, factoring higher volume offtake considering strong pick up in cement demand to sustain going ahead. Sharekhan continues to maintain their Buy rating on UltraTech Cement stock with a revised price target of Rs 6700. UltraTech Cement continued its outperformance during Q3 FY21. Growth was led by higher than expected volume growth and operational profitability.
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