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Acc Cement

Breakout stocks: HDFC Life, ACC, LTTS can rally up to 18%; show charts

The near-term bias for HDFC Life and LTTS is expected to remain upbeat as long as the stocks trade above Rs 643 and Rs 5,090 levels; suggests the technical charts.

Breakout stocks: HDFC Life, ACC, LTTS can rally up to 18%; show charts
Updated On : 16 Jan 2025 | 10:50 AM IST

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%
Updated On : 11 Dec 2024 | 11:04 AM IST

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts

The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts
Updated On : 30 Oct 2024 | 12:25 PM IST

ACC Q2 results: PAT falls to Rs 200 cr, revenue at Rs 4,613.52 cr

Cement maker ACC Ltd on Thursday reported a consolidated profit after tax of Rs 199.7 crore for the second quarter ended September 30, 2024. The company had logged a profit after tax (PAT) of Rs 387.88 crore in the corresponding period last fiscal, ACC Ltd said in a regulatory filing. Revenue from operations in the second quarter stood at Rs 4,613.52 crore as compared to Rs 4,434.73 crore in the year-ago period, it added. ACC said its Q2 revenue is the highest over the last five years driven by higher trade sales volume and premium product as percentage of trade sales. Total expenses were higher at Rs 4,452.73 crore as compared to Rs 4,127.11 crore. The results for the quarter and half year ended September 30, 2024 are not comparable with the year-ago periods as these include consolidated financial results of Asian Concretes and Cements Pvt Ltd (ACCPL), which ACC Ltd took control of on January 8, 2024, the filing said. ACC had acquired the remaining 55 per cent of the voting sha

ACC Q2 results: PAT falls to Rs 200 cr, revenue at Rs 4,613.52 cr
Updated On : 24 Oct 2024 | 11:59 PM IST

Ambuja-ACC plans to set up Rs 1,000 crore offices in Ahmedabad, Delhi

Part of the capex, company executives informed, will be Rs 600-700 crore for a cement house in Ahmedabad

Ambuja-ACC plans to set up Rs 1,000 crore offices in Ahmedabad, Delhi
Updated On : 12 Aug 2024 | 11:51 PM IST

Ambuja Cements poised for highest volume growth: Nomura upgrades to 'Buy'

Japanese brokerage firm Nomura has upgraded India's second biggest cement company Ambuja Cements to Buy with a target price of Rs 780, an upside of 17 per cent

Ambuja Cements poised for highest volume growth: Nomura upgrades to 'Buy'
Updated On : 11 Jul 2024 | 9:04 AM IST

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say

Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say
Updated On : 02 Jul 2024 | 12:30 PM IST

Ambuja Cements acquires Penna Cement at enterprise value of Rs 10,422 cr

PCIL's strategic location and sufficient limestone reserves provide an opportunity to increase cement capacity through debottlenecking and additional investment

Ambuja Cements acquires Penna Cement at enterprise value of Rs 10,422 cr
Updated On : 13 Jun 2024 | 6:49 PM IST

ACC Q4 results: PAT grows over three-fold to Rs 749 crore, revenue up 13%

Revenue from operations rose nearly 13% to Rs 5398 crore, helped by a 22.4% rise in consolidated sales volumes

ACC Q4 results: PAT grows over three-fold to Rs 749 crore, revenue up 13%
Updated On : 26 Apr 2024 | 12:06 AM IST

Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months

Shares of Ambuja Cements hit an all-time high of Rs 608.50, up 3% on Friday, thus surpassing its previous high of Rs 598 registered on December 9, 2022.

Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months
Updated On : 23 Feb 2024 | 2:14 PM IST

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs

Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs
Updated On : 09 Feb 2024 | 3:12 PM IST

Shah Rukh Khan vs Sunny Deol in the battle for India's cement demand

Celebrities become the face of an industry evolving with rising demand and changing consumer patterns

Shah Rukh Khan vs Sunny Deol in the battle for India's cement demand
Updated On : 07 Feb 2024 | 10:49 PM IST

Cement sales growth in Q3 subdued at 3-4%, say industry executives

Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand

Cement sales growth in Q3 subdued at 3-4%, say industry executives
Updated On : 05 Feb 2024 | 11:37 PM IST

Adani-owned ACC to acquire full stake in Asian Concretes and Cements

ACC currently owns 45 per cent stake in Asian Concretes and Cements and the remaining stake will cost it Rs 425.96 crore

Adani-owned ACC to acquire full stake in Asian Concretes and Cements
Updated On : 08 Jan 2024 | 11:25 AM IST

Post Adani takeover, ACC-Ambuja Cement Ebitda rises to Rs 1,350/tonne

After Adani Group taking over ACC and Ambuja Cement, the EBITDA has risen to Rs 1,350 per tonne from Rs 350 and the group is looking to scale it up to Rs 1,400 by 2024, sources said. In a move to broaden its business verticals, Adani Group last year acquired Ambuja Cement Ltd and ACC Ltd. Ambuja Cement has a cement capacity of 31 million tonne per annum with 6 integrated cement manufacturing plants and 8 cement grinding units across the country. ACC has a cement capacity of 34.45 million tonne with 17 cement manufacturing units, 85 ready-mix concrete plants. The acquisition placed Adani in direct competition with Ultratech Cement, India's largest cement manufacturer. And Adani Group is now planning to double the annual cement making capacity by 2027. Since taking over in September 2022, the EBITDA per tonne of cement has increased from Rs 350 to Rs 1,350, company sources said adding this will be scaled up to Rs 1,400 per tonne by 2024. The current EBITDA margin is about 20 per cent

Post Adani takeover, ACC-Ambuja Cement Ebitda rises to Rs 1,350/tonne
Updated On : 17 Dec 2023 | 5:20 PM IST

ACC Ltd Q2FY24 result: Consolidated net profit at Rs 387 cr; revenue up 11%

The total income for Q2FY24 came in at Rs 4,644.78 crore, compared to Rs 4,057.08 crore year-on-year, registering a rise of 14.48 per cent

ACC Ltd Q2FY24 result: Consolidated net profit at Rs 387 cr; revenue up 11%
Updated On : 26 Oct 2023 | 10:34 PM IST

Adani Group refinances $3.5 bn debt taken for ACC-Ambuja acquisition

The refinancing programme was concluded with 10 international banks with a debt maturity of up to 3 years

Adani Group refinances $3.5 bn debt taken for ACC-Ambuja acquisition
Updated On : 20 Oct 2023 | 11:57 PM IST

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low
Updated On : 11 Sep 2023 | 12:53 PM IST

REC, Ashok Leyland: 7 out of 8 stocks, picked by MSCI, may rally up to 25%

Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.

REC, Ashok Leyland: 7 out of 8 stocks, picked by MSCI, may rally up to 25%
Updated On : 14 Aug 2023 | 11:43 AM IST

ACC Q1 results: Net profit jumps 105% to Rs 466 crore, revenue up 16.4%

Adani firm to not conduct separate, independent probe into Hindenburg allegations

ACC Q1 results: Net profit jumps 105% to Rs 466 crore, revenue up 16.4%
Updated On : 27 Jul 2023 | 7:41 PM IST