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, Jan 22, 2021
Top Stock to Buy with Anil Singhvi – Ultratech Cement: Market Expert Hemang Jani today recommended this stock from the cement sector in Budget My Pick show. He said that Ultratech Cement stock is expected to do well as it is the largest company in the cement space and this sector has been doing very well. Ultratech Cement stock has been recommended with the Budget 2021 horizon in mind, and after it
Fri, Dec 04, 2020
UltraTech Cement’s capacity spread across north/central/east/west/south will improve to 20/22/19/22/16% respectively vs 22/22/13/24/19% in FY20. This will improve its capacity exposure in the high growth east markets. UltraTech Cement is adding many split GUs across eastern and central regions, which will reduce its sales lead distance and lower opex. Additionally, UltraTech Cement is also adding 57MW of WHRS across these clinker expansions, in addition to various other ongoing WHRS/solar power expansions.
Thu, Oct 22, 2020
CLSA maintains their BUY rating, raised target price of Rs 5,600 from Rs 5,000. CLSA says Q2 results indicate strong performance on all parameters.
Wed, Oct 21, 2020
Ultratech Cement on Wednesday posted a 113 per cent on year rise in its net profits for the quarter ended 30 September 2020. At Rs 1234 cr, the consolidated PAT (Profit After Tax) was more than double for the reporting quarter against Rs 579 cr for the same period during in Q2FY20
Fri, Oct 16, 2020
On the last day of the trading week, Markets closed strong after a flat opening. Sensex closed up 254 points at 39983 while Nifty closed up 82 points at 11762. Market expert, Sumeet Bagadia, Executive Director at Choice Broking shares his view on Nifty and Bank Nifty.
In its latest report, CLSA says that it expects portfolio adjustments for economic normalisation to favour domestic plays.
Tue, Oct 13, 2020
Jefferies believes that the macro story is getting better for building material space.
Tue, Jul 28, 2020
Both the BSE Sensex and NSE Nifty 50 were up by around 1.5 per cent at the close. While the Sensex was trading at 38,492.95, up by over 558 points at the end of day’s trade, the broader market NSE Nifty 50 closed at 11,300.55, up by over 168 points
Mon, Jul 27, 2020
Market expert Sanjiv Bhasin has advised the investors to book profits this week. The IIFL Securities Director while speaking to Zee Business Managing Editor Anil Singhvi also cautioned the investors forAugust month, which he said may not be as good as the months of June and July
Thu, Nov 28, 2019
UltraTech Cement share price has underperformed the Sensex by 10 per cent over the past three months due to weak cement demand.
Fri, Aug 09, 2019
HDFC Securities maintains BUY on Zensar after its in-line 1QFY20. Strong deal pipeline, ramp-up of large deals and improving win-ratio provide revenue visibility. However, Margins are not showing signs of improvement despite revenue up-tick.
Mon, Jul 01, 2019
Experts have said that a delayed monsoon and lower-than-normal rains have put pressure on Indian markets. However, tables have turned and this week seems to be a very important time for investors.
Mon, Jun 24, 2019
A robust quarterly performance of the cement market would definitely have its positive impact on the cement counters like ACC, Ambuja Cement, Ultratech Cement, Ramco Cement, Shree Cement etc.
Wed, May 29, 2019
Rating agency CLSA on Wednesday, stated that, cement stocks are up 10-30%YTD (vs +10% for Nifty) led by cement pricing rebound.
Wed, May 01, 2019
The domestic cement demand is likely to grow by eight percent this fiscal which may push the capacity utilisation to 71 percent from 65 percent in FY18, the report said Wednesday.
Wed, Apr 24, 2019
UltraTech informed that its result for the quarter and the financial year ended March 31, "are not comparable with the previous period" due to merger of Binani Cements into the company.
Fri, Jan 25, 2019
Buoyed by robust demand from infrastructure and affordable housing segments coupled with ramp up in acquired and newly commissioned assets, equity experts are bullish on UltraTech Cement stock.
Wed, Jan 02, 2019
Last year, the markets saw changing trends amid rising crude oil prices, depreciating global currencies, increasing trade protectionism, geopolitical issues, outflow by FIIs, macroeconomic data and corporate events.
Wed, Nov 14, 2018
Aditya Birla Group firm UltraTech Cement Wednesday won a bid to acquire debt-ridden Binani Cement after the National Company Law Appellate Tribunal (NCLAT) approved its revised Rs 7,950.34 crore bid over an offer by rival Dalmia Bharat Group.
Fri, Oct 19, 2018
Aditya Birla Group firm UltraTech Cement Friday reported a 11.33 per cent decline in consolidated net profit to Rs 375.74 crore for the July-September quarter on account of increased energy and logistics costs.
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