Cement maker ACC on Thursday reported a 4% growth in its Q1 consolidated net profit at Rs 375 crore versus Rs 360 crore in the year ago period. The Adani Group company’s revenue from operations stood at Rs 6,015 crore, up 18% from Rs 5,113 crore reported in the corresponding quarter of FY25. However, the … Read more
Trend Tracker On Tuesday, the benchmark Sensex closed nearly flat with a slight negative bias, slipping 14 points to settle at 82,186. Despite the subdued market action, nine stocks from the BSE Commodities Index hit their 52-week highs, marking their highest levels in the past year. Such breakout moves are typically viewed by traders and … Read more
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
Sandip Sabharwal, asksandipsabharwal.com, holds ICICI Bank and will continue to hold as the biggest holder. He has Axis Bank where the investors have got concerned in the short term because of the slow growth prediction which they have given for the industry, which is prudent. Ex of that, he is not holding any other banking … Read more
Bajaj Finance. Share Price 7967.60 03:59 PM | 03 Oct 2023 156.86(2.00%) Larsen & Toubro. Share Price 3073.25 03:59 PM | 03 Oct 2023 49.70(1.64%) Titan Company. Share Price 3196.25 03:59 PM | 03 Oct 2023 47.45(1.50%) Bajaj Finserv. Share Price 1561.05 03:59 PM | 03 Oct 2023 20.80(1.35%) Adani Ports & Special Economic Zone. … Read more
and , the companies that recently came under Adani Group’s stable, saw heavy sell-off on Friday as traders dumped the entire group amid concerns over corporate misgovernance and stock manipulation allegations made by US-based short-seller and research firm Hindenburg Research. ACC shares tumbled 20% to a 21-month low of Rs 1,732.60 on the NSE, while … Read more
Against this backdrop, key themes such as infra, BFSI, FMCG, and metals will be in focus in the run-up to the Budget and thereafter. The brokerage expects the overall capital expenditure for the infra segment in the Budget to increase by 20% year-on-year (YoY). The focus will be on the development activities such as roads … Read more
Global brokerage firm Morgan Stanley have shared its view on a number of stocks including , and . Another foregin broker has initiated its coverage on with a ‘buy’ tag. We have collated a list of recommendations from top brokerage firms (Source: ETNow): Morgan Stanley on Tata Elxsi: Underweight | Target Price: Rs 5,800 Morgan … Read more
New Delhi: Radhakishan Damani-owned has been in an uptrend lately with the cement firm logging multi-year highs on Tuesday. India Cements’ shares rose 3 per cent to Rs 298.45 on Tuesday, with the stock hovering around Rs 300 level after almost 15 years. It had topped the Rs 300-mark in December 2007 and touched its … Read more
UltraTech Cement, part of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, effectively putting the stock in a bear grip, but technical indicators suggest the possibility of a technical bounce back in the short term. The cement major hit a 52-week high of Rs 8267 on 8 … Read more