HeidelbergCement India Ltd News
Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%
The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December
 "Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%")
HeidelbergCement India Q2 results: Net profit down 68.7% to Rs 11.2 crore
HeidelbergCement India Ltd on Monday reported a 68.68 per cent decline in net profit to Rs 11.21 crore for the second quarter ended September 2024. The company had reported a net profit of Rs 35.8 crore in the July-September quarter period a year ago, HeidelbergCement India said in a regulatory filing. Its revenue from operations was down 18.54 per cent to Rs 461.41 crore during the second quarter of the ongoing fiscal year from Rs 566.46 crore a year ago. HeidelbergCement "revenue decreased by 18.5 per cent y/y driven by 15 per cent decrease in volume and decrease in price 4 per cent", the company said in its earning statement. Moreover, "driven by decrease in volume and prices, the company's EBITDA per tonne decreased to Rs 380, a decrease of 36 per cent y/y," it added. HeidelbergCement India's total expenses in the September quarter were at Rs 458.95 crore, down 13.8 per cent. Total income of HeidelbergCement, including other income, was also down 18.34 per cent in the Septemb
 "HeidelbergCement India Q2 results: Net profit down 68.7% to Rs 11.2 crore")
Cement shares in focus as Ambuja to buy Orient; trading strategy here
Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.
 "Cement shares in focus as Ambuja to buy Orient; trading strategy here")
HeidelbergCement zooms 18% on report Ambuja eyeing to buy co's India ops
Ambuja Cements is in talks to acquire Indian operation of Heidelberg at an estimated cost of Rs 10,000 crore for 14 mtpa, reports said
 "HeidelbergCement zooms 18% on report Ambuja eyeing to buy co's India ops")
Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%
After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.
 "Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%")
