Cement News
This indicator shows why cement companies have a rough road ahead
The gap between trade and non-trade prices increased to more than ₹50 a bag in August from the normal ₹30-40 a bag, according to a Bank of Baroda Capital Markets Ltd report, indicating weak demand from the infrastructure segment.
3 min read5 Sep 2024Cement stocks: The next big opportunity?
Despite recent challenges, such as slowing demand, falling cement prices and profitability pressures, the cement industry has a lot going for it.
7 min read28 Aug 2024Ambuja Cements share price surges 4% amid reports of promoters selling some stake via block deal
Ambuja Cements share price surged over 4 per cent in early deals on the BSE on Friday, August 23, amid reports of promoters selling some stakes via a block deal.
1 min read23 Aug 2024Adani family looks to raise $3.6 bn via sales of promoter stakes as shares of group firms skyrocket
Billionaire Gautam Adani’s family may raise as much as ₹30,000 crore by paring part of their promoter holdings in listed Adani group firms, as a part of their portfolio-re-balancing strategy
4 min read23 Aug 2024Cement prices are at a multi-year low, and there’s more earnings pain ahead
Weak pricing trends overshadow positives such as easing prices of petroleum coke and coal, leading to earnings downgrades for ACC Ltd, Ambuja, JK Lakshmi Cement, Shree Cement, The Ramco Cement Ltd and UltraTech.
3 min read19 Aug 2024UltraTech Cement, JK Cement, Dalmia Bharat: Axis Securities’ 3 top stock picks after Q1 earnings – here’s why
Axis Securities identifies UltraTech Cement, JK Cement, and Dalmia Bharat as top picks despite Q1FY25 challenges, citing strategic expansions and potential for improved performance.
4 min read19 Aug 2024JSW Cement considers pre-IPO placement of up to ₹400 crore
The company will raise this funding through a fresh issue in a pre-IPO placement offer, said the cement venture of the $23-billion JSW Group in its DRHP.
2 min read18 Aug 2024Kakatiya Cement Sugar & Indu Q1 Results Live: Loss Falls by 10.88% YoY
Kakatiya Cement Sugar & Indu Q1 Results Live: Revenue decreased by 25.56% YoY & loss decreased by 10.88% YoY
1 min read15 Aug 2024ITD Cementation India Q1 Results Live : profit rise by 91.91% YOY
ITD Cementation India Q1 Results Live : Revenue increased by 29.95% YoY & profit increasedby 91.91% YoY
1 min read9 Aug 2024Shree Cement: Caught between a rock and a hard place
Shree Cement’s unclear strategy between increasing market share and improving margins has some investors concerned. Also, demand for cement is expected to remain weak until early 2025, which would affect profitability and growth.
3 min read8 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared