Mumbai: Shares of cement companies have seen renewed buying interest in the past few weeks following a rise in prices, expectations of strong first quarter results despite the onset of monsoons, and an expected FY26 rebound from circumspect sales last year. Analysts said that even on the technical charts, some stocks indicate a breakout. Companies … Read more
“The internet will soon cost lesser than the price of a vada pav,” roared Mukesh Ambani in September 2016 at the launch of Reliance Jio, the latest telecom entrant in an overcrowded market. One gigabyte of data used to cost about Rs225 in those days, and vada pav, Rs12. Fast forward a few years – … Read more
In the past six months, the Nifty 50 index has fallen close to 9% while the ET Cement index – which includes all key listed entities – has fallen close to 24%. Synopsis According to some estimates, prices of pet coke and Indonesian coal have shot up 55% to 80% in the past five months. … Read more