Shree Cement on Tuesday reported a 51.3% year-on-year (YoY) decline in its consolidated net profit to Rs 278.6 crore for the quarter ended June 30, 2024. The company reported a net profit of Rs 572.3 crore for the corresponding quarter of the last financial year. Meanwhile, the revenue from operations stood at Rs 5,123.9 in … Read more
“One thing you will notice that in India no cement company has ever given any loss to the bank, no haircut. All cement companies have gone at a higher rate than what their debt was. So, it is a very clear that cement buyers are there quite a lot,” says HM Bangur, Chairman, Shree Cement.What … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
Shree Cement‘s consolidated net profit more than doubled to Rs 447 crore in the three months to September 2023. This compares with Rs 183 crore in the previous year period. Revenue from operations in the reporting second quarter jumped 19% year-on-year (YoY) to Rs 4,800 crore, compared with Rs 4,038 crore in the year-ago quarter. … 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
Brokerage firm Morgan Stanley maintained an overweight rating on RIL, Citi downgraded Pidilite Industries to sell, Nomura downgraded UltraTech Cement to neutral, and Investec initiated a buy rating on Indian Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| Target Rs 3210Morgan Stanley … Read more
Cement makers such as UltraTech, Shree Cement and JK Lakshmi, which have cost-efficient operations, are likely to emerge as beneficiaries. Synopsis Demand from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects. ET Intelligence Group: Cement prices remained … Read more
“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 failed to close above the 17000 mark in the previous session. India VIX was up by 1.35% from 15.24 to 15.44 levels on Monday. Volatility has been on the rise … Read more
“Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week,” says Vinit Bolinjkar, Ventura Securities. Does it feel that the market is out of the slumber for sure and now we are headed for 18,000 or higher levels? There are a couple of things which … Read more