Broader market participation signals a stronger rally ahead: Hemang Jani

Broader market participation signals a stronger rally ahead: Hemang Jani

“It would be difficult to pinpoint a specific theme as such. But overall, we do think that this market has a very good foundation in place,” says Hemang Jani, Independent Market Expert Touch wood to the market rebound. It has been pretty steady the last three days and seems like we are headed in for … Read more

Is ‘Buy China, Sell India’ trade tactical or long-term? Amar Ambani explains

Is ‘Buy China, Sell India’ trade tactical or long-term? Amar Ambani explains

At a time when the ‘Buy China, Sell India’ play seems to be on top of minds of foreign investors, Amar Ambani, Executive Director, YES Securities says China had multiple short-term recovery moves which lasted approximately two months before resuming the downtrend. While arguing that the China trade is a tactical one and not a … Read more

UltraTech says it has no intention to delist India Cements

UltraTech says it has no intention to delist India Cements

UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday. This comes a day after the country’s largest cement producer’s acquisition of additional stake in the Chennai-based company. The Aditya Birla Group company had acquired a near … Read more

UltraTech, AM Mining, others eye Vadraj Cement

UltraTech, AM Mining, others eye Vadraj Cement

Mumbai: Aditya Birla Group‘s UltraTech Cement, Sajjan Jindal-promoted JSW Cement, and Lakshmi Mittal-promoted ArcelorMittal are among a dozen companies vying to acquire Vadraj Cement, formerly owned by ABG Shipyard, having secured creditors’ debt of about ₹8,000 crore, said people with knowledge of the matter. Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital … Read more

Big movers on D-Street: What should investors do with Ultratech, Maruti and MMTC?

Big movers on D-Street: What should investors do with Ultratech, Maruti and MMTC?

Equity benchmarks resumed their decline on Wednesday amid sluggish trends in global markets. The 30-share Sensex plunged 551 points to settle at 65,877, while the Nifty declined 140 points to end at 19,671. Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped … Read more

High demand, dip in input costs may lift UltraTech margins

High demand, dip in input costs may lift UltraTech margins

On the valuation front, considering its estimated FY25’s earnings, the stock of UltraTech is trading at an EV/Ebitda of 14.4. Synopsis For the past four quarters, margins of cement firms have been largely impacted by high raw material costs. But in the year-to-date (YTD) period in 2023, pet coke and thermal coal prices have fallen … Read more

Hot Stocks: Brokerage view on IndusInd Bank, Dixon Tech, AU SFB and others

Hot Stocks: Brokerage view on IndusInd Bank, Dixon Tech, AU SFB and others

Brokerage firm Morgan Stanley has an ‘Overweight’ stance on IndusInd Bank, Nomura has recommended a ‘Buy’ rating on Samvardhana Motherson and Morgan Stanley has initiated a ‘Buy’ rating on AU Small Finance Bank. CLSA picks Dalmia Cement and UltraTech as preferred bets in the cement sector. We have collated a list of recommendations from top … Read more

Hot Stocks: Brokerages view on UltraTech Cement, KPIT Tech and MCX

Hot Stocks: Brokerages view on UltraTech Cement, KPIT Tech and MCX

Brokerage firm Goldman Sachs initiated a ‘Buy’ stance on UltraTech Cement and KPIT Technologies. Morgan Stanley remains ‘Underweight’ on India’s largest non-agri commodity index, MCX. We have collated a list of recommendations from top brokerage firms from ETNow: Goldman Sachs on UltraTech Cement: Buy | CMP: 8,458.90 | Target: Rs 8,720Goldman Sachs has given a … Read more