ACC shares hit 5-month high on robust Q1; jump 15% in 6 sessions
On Monday, ACC shares surged 4.1% to touch an intraday high of ₹2,030 on the BSE, while the market capitalisation increased to ₹37,980 crore.
On Monday, ACC shares surged 4.1% to touch an intraday high of ₹2,030 on the BSE, while the market capitalisation increased to ₹37,980 crore.
UBS believes inorganic proposition is not value accretive given the combination of overcapacity and weak demand
Cement prices are expected to fall due to cooling costs and intensifying competition, says CRISIL
Large investments in roads and infrastructure projects will fuel cement demand, says Moody's.
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
Company EGM passes resolution to raise ₹20,000 cr by issuing securities on a preferential basis to Adani group’s Harmonia Trade. Gautam Adani, his son Karan Adani also appointed to the Ambuja board.
Ambuja Cements share price gained 4.64% to hit a new all-time high of ₹457.5 on the BSE, amid open offer by Adani Group, which will close on September 9.